INVESTOR NOTES / 001ANGEL INVESTOR / Alcobendas, Spain
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Alcobendas, Spain

Martin Varsavsky.

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
50%

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

First investment stage across 12 companies3 Seed, 3 Angel and 6 other-stage entries. Each dot represents one company.
Seed 3Angel 3Other 6

One dot = one company at first recorded investment.

12 companies · 13 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 23 Feb 2026
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

Martin Varsavsky has dated investments in 12 companies. 6 first entries were at Angel, Pre-Seed or Seed (50.0%). An early-stage founder can use the sector and stage filters to find comparable companies before approaching the investor.

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02

Separate activity from reputation

2 first company relationships appear in the latest 24 months, compared with 1 in the preceding window. The latest recorded investment is 2026-02-23. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

6 of 10 companies with a full 24-month observation window raised another equity round. This investor backed 0 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

FinTech is the largest displayed sector by company count, appearing in 4 portfolio companies; sector tags overlap. 1 first entries carry a recorded lead flag and the median first-round syndicate includes 7 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
$2.9M–$29M

The middle half of entry rounds

25th–75th percentile across 11 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
2companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 1 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
60%

Another equity round within 24 months

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

Follow the path ↗
04 — REPEAT BACKING
0%

This investor invested again within 24 months

0 of the same 10 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.

12matching companies
$8.0Mmedian first round (11 disclosed)
2first backed in last 24 months

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

Series A

Humand ↗

Mobile-based suite solutions for enterprise collaboration

$66M total first round
Series B

Curative ↗

Provider of self collecting COVID-19 testing centers listing platform

$153M total first round
Seed

Outdid ↗

Provider of private identity verification services, ensuring user data protection

$2.5M 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
FinTech4
HealthTech2
Life Sciences2
Loneliness Economy2
Digital Wallets2
Payments2
Employee Engagement1
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
Angel2 disclosed
$2.9M$2.6M–$3.1M
Seed3 disclosed
$2.5M$1.8M–$5.3M
Series A3 disclosed
$35M$24M–$51M
$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.

10
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
60%
6 of 10 companies

Backed again by this investor

A subset of the companies above
0%
0 of 10 companies
i

Includes first investments on or before 22 May 2024. 2 newer companies and 0 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
Angel33 / 30 / 3
Seed31 / 30 / 3
Series A22 / 20 / 2
Series B20 / 20 / 2
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

MMC Ventures

2 shared rounds · 2 companies

Latest shared round Apr 2021
03
ANGEL

Alec Oxenford

1 shared rounds · 1 companies

Latest shared round Jan 2011
04
ANGEL

Angela Strange

1 shared rounds · 1 companies

Latest shared round Oct 2021
05
ANGEL

Anil Sethi

1 shared rounds · 1 companies

Latest shared round Feb 2022

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.

12 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Humand ↗Buenos Aires
Feb 2026Series A$66MNo later round recorded
Oct 2025Series B$153MNo later round recorded
Jun 2023Seed$2.5MNo later round recorded
Feb 2022Seed$8.0MNo later round recorded
Pomelo ↗Buenos Aires
Oct 2021Series A$35MNo later round recorded
Jun 2021Angel$3.3MNo later round recorded
Apr 2021Series A$13MNo later round recorded
Jan 2020Seed$1.1MNo later round recorded
Verse ↗Barcelona
Jun 2019Series B$7.8MNo later round recorded
Feb 2018Series B$22MNo later round recorded
MUBI ↗Palo Alto
Jan 2011Angel$2.4MYes · Mar 2014
Sep 2007AngelUndisclosedNo later round recorded
0 more companies have undated investments

Kept in the 12-company portfolio; excluded from entry-timing calculations.

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