INVESTOR NOTES / 001ANGEL INVESTOR / , Germany
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Germany

Lukasz Gadowski.

Recorded investments.
A clearer sense of fit.

Find where your company fits, how rounds are assembled, and what happened after the first investment.

THE ENTRY PATTERN2007–2026
35%

of dated first investments
were at Angel, Pre-Seed or Seed

First investment stage across 17 companies5 Seed, 1 Angel and 11 other-stage entries. Each dot represents one company.
Seed 5Angel 1Other 11

One dot = one company at first recorded investment.

18 companies · 20 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 19 Nov 2021
THE FOUNDER’S BRIEF

Read the pattern before the pitch.

Written insights from the recorded portfolio, with the evidence linked below.

01

Start with the first entry

Lukasz Gadowski has dated investments in 17 companies. 6 first entries were at Angel, Pre-Seed or Seed (35.3%). An early-stage founder can use the sector and stage filters to find comparable companies before approaching the investor.

Explore the evidence ↗
02

Separate activity from reputation

0 first company relationships appear in the latest 24 months, compared with 0 in the preceding window. The latest recorded investment is 2021-11-19. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

10 of 17 companies with a full 24-month observation window raised another equity round. This investor backed 1 of those companies again within that window. The difference is a reason to research the wider syndicate, rather than assume the same investor will fund the next round.

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04

Use a specific point of relevance

B2C E-Commerce is the largest displayed sector by company count, appearing in 6 portfolio companies; sector tags overlap. 5 first entries carry a recorded lead flag and the median first-round syndicate includes 3 other named backers. Shared rounds are evidence of co-investment, not evidence of an introduction route.

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01 / THE READOUT

Four signals before you pitch.

Start with observed behavior.
Every rate has a defined denominator.

01 — ROUND CONTEXT
$5.7M–$29M

The middle half of entry rounds

25th–75th percentile across 13 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
0companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 0 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
59%

Another equity round within 24 months

10 of 17 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
6%

This investor invested again within 24 months

1 of the same 17 companies. Build a financing plan around the wider investor market.

Explore co-investors ↗
02 / FIND YOUR FIT

Where does your company sit?

Choose your sector and stage to find
companies he first backed in that space.

YOUR COMPANY

A match means a recorded investment in this category. It does not establish current interest or availability.

17matching companies
$10Mmedian first round (13 disclosed)
0first backed in last 24 months

All sectors · All entry stages. Round amounts are total financing, in USD.

Series C

Flytrex ↗

Provider of cloud-based on-demand drone-based e-commerce delivery services

$40M total first round
Series A

Autoflight ↗

Developer of electric vertical takeoff and landing aircraft for aerial transport

$100M total first round
Series A

Incari ↗

Cloud based platform offering software for designing UI and prototypes

$18M total first round
Explore matching portfolio companies ↓

The sector × stage map

First investments · companies can appear in more than one sector
Number of first investments by sector and entry stage. Select a cell to explore companies.
SectorAngelSeedSeries AAll stages
B2C E-Commerce6
Food Tech4
Food Delivery3
Gig Employers3
Uber for Food Delivery3
Electric Vehicles3
Green Transport3
03 / ROUND DESIGN

The round around the investor.

Use stage-specific financing ranges
to frame the size of your syndicate.

First-round size, by entry stage

USD · middle 50% and median
Angel1 disclosed
$8.8M$8.8M–$8.8M
Seed1 disclosed
$1.7M$1.7M–$1.7M
Series A9 disclosed
$15M$5.7M–$29M
$10K$100K$1M$10M

Logarithmic scale. A dot marks the median; the band spans the 25th–75th percentiles. These are entire rounds, not individual cheques.

04 / WHAT HAPPENS NEXT

One investment. Two different paths.

A subsequent round and repeat backing
answer different fundraising questions.

17
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
58.8%
10 of 17 companies

Backed again by this investor

A subset of the companies above
5.9%
1 of 17 companies
i

Includes first investments on or before 22 May 2024. 0 newer companies and 1 undated histories are excluded. Follow-up stops at the dataset’s latest round on 22 May 2026. These observations do not measure returns or predict a company’s outcome.

See the stage-by-stage denominators +
First stageEligible companiesNext round ≤24 moSame investor again ≤24 mo
Angel11 / 10 / 1
Seed53 / 51 / 5
Series A95 / 90 / 9
Series B11 / 10 / 1
Series C10 / 10 / 1
05 / INVESTMENT RHYTHM

New names. Returning relationships.

Separate first investments from later
rounds in companies already backed.

New companiesRepeat rounds

*2026 is partial, through 22 May. Bar height counts first investments + repeat rounds; earlier years are complete calendar periods in this dataset.

06 / THE CO-INVESTOR MAP

Who else belongs on your research list?

Frequent shared rounds suggest a place
to investigate sector and stage alignment.

01
FIRM

Point Nine

4 shared rounds · 3 companies

Latest shared round Apr 2017
02
FIRM

Target Global

3 shared rounds · 2 companies

Latest shared round Sep 2018
03
FIRM

Spreadshirt

2 shared rounds · 2 companies

Latest shared round Aug 2019
04
FIRM

Team Global

2 shared rounds · 2 companies

Latest shared round Sep 2021
05
FIRM

b2venture

2 shared rounds · 2 companies

Latest shared round Nov 2021
06
FIRM

BRM

1 shared rounds · 1 companies

Latest shared round Nov 2021

Shared rounds establish recorded co-investment. They do not establish a personal connection, introduction route, or current willingness to invest.

07 / THE EVIDENCE

Explore the portfolio.

First investment comes first.
Amounts refer to that entry round.

17 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Flytrex ↗Tel Aviv
Nov 2021Series C$40MNo later round recorded
Sep 2021Series A$100MNo later round recorded
Jun 2021Series A$18MNo later round recorded
memmo ↗Stockholm
Feb 2021Series A$10MNo later round recorded
Sharebite ↗New York City
Jan 2021Series A$15MNo later round recorded
Wolt ↗Helsinki
Oct 2020Angel$8.8MNo later round recorded
Enpal ↗Berlin
Aug 2019SeedUndisclosedNo later round recorded
Aug 2019SeedUndisclosedNo later round recorded
Mar 2019Series A$5.7MNo later round recorded
Oct 2018Series A$46MNo later round recorded
Klarx ↗Munich
Sep 2018Series A$4.7MNo later round recorded
Aug 2017Series A$29MYes · Feb 2020
Jun 2016SeedUndisclosedYes · Apr 2017
Green Blender ↗New York City
Aug 2015Seed$1.7MNo later round recorded
May 2015Series B$10MNo later round recorded
Sep 2008SeedUndisclosedNo later round recorded
smava ↗Berlin
May 2007Series A$5.4MNo later round recorded
1 more companies have undated investments

Kept in the 18-company portfolio; excluded from entry-timing calculations.

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