INVESTOR NOTES / 001ANGEL INVESTOR / ,
Neeraj Arora
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor ·

Neeraj Arora.

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 PATTERN2014–2026
61%

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

First investment stage across 28 companies14 Seed, 3 Angel and 11 other-stage entries. Each dot represents one company.
Seed 14Angel 3Other 11

One dot = one company at first recorded investment.

28 companies · 34 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 10 Jul 2023
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

Neeraj Arora has dated investments in 28 companies. 17 first entries were at Angel, Pre-Seed or Seed (60.7%). 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

0 first company relationships appear in the latest 24 months, compared with 1 in the preceding window. The latest recorded investment is 2023-07-10. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

17 of 28 companies with a full 24-month observation window raised another equity round. This investor backed 4 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 7 portfolio companies; sector tags overlap. 3 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
$1.8M–$18M

The middle half of entry rounds

25th–75th percentile across 26 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 1 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
61%

Another equity round within 24 months

17 of 28 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
14%

This investor invested again within 24 months

4 of the same 28 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.

28matching companies
$4.2Mmedian first round (26 disclosed)
0first backed in last 24 months

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

Seed

PingSafe ↗

Provider of AI-powered cybersecurity platform delivering endpoint, cloud, and identity protection

$3.3M total first round
Seed

Zipy Technologies ↗

Provider of AI-driven session replay, error tracking, and analytics platform

$2.8M total first round
Seed

Tortoise ↗

Provider of employee device leasing and benefit management solutions

$2.3M 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
FinTech7
HRTech5
Artificial Intelligence4
B2C E-Commerce4
Future of Work3
Internet First Brands3
Data as a Service3
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
$644K$378K–$910K
Seed13 disclosed
$2.3M$1.8M–$3.3M
Series A3 disclosed
$5.8M$3.7M–$10M
$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.

28
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
60.7%
17 of 28 companies

Backed again by this investor

A subset of the companies above
14.3%
4 of 28 companies
i

Includes first investments on or before 22 May 2024. 0 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 / 31 / 3
Seed145 / 141 / 14
Series A33 / 31 / 3
Series B53 / 51 / 5
Series E+33 / 30 / 3
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
ANGEL

Amit Singhal ↗

6 shared rounds · 5 companies

Latest shared round Jan 2022
02
FIRM

Elevation Capital

6 shared rounds · 6 companies

Latest shared round Aug 2021
03
FIRM

Crimson

5 shared rounds · 4 companies

Latest shared round Mar 2022
04
FIRM

Think Investments

5 shared rounds · 5 companies

Latest shared round Aug 2021
05
ANGEL

Kunal Shah ↗

4 shared rounds · 4 companies

Latest shared round Mar 2022
06
FIRM

Tiger Global Management

4 shared rounds · 4 companies

Latest shared round Sep 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.

28 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
PingSafe ↗Bengaluru
Jul 2023Seed$3.3MNo later round recorded
Apr 2022Seed$2.8MNo later round recorded
Tortoise ↗Bengaluru
Mar 2022Seed$2.3MNo later round recorded
Dec 2021Seed$1.1MNo later round recorded
Nov 2021Seed$2.4MNo later round recorded
Trademo ↗Wilmington
Nov 2021Seed$13MNo later round recorded
The Org ↗New York City
Sep 2021Series B$20MNo later round recorded
Zeni Tech ↗Palo Alto
Aug 2021Series B$34MNo later round recorded
Gupshup ↗San Francisco
Jul 2021Series E+$240MNo later round recorded
Gupshup ↗San Francisco
Jul 2021Series E+$240MNo later round recorded
Protonn ↗San Jose
Jul 2021Seed$9.0MNo later round recorded
Skyroot ↗Hyderabad
May 2021Series A$15MYes · Jan 2022
BlissClub ↗Bengaluru
Apr 2021Seed$2.3MNo later round recorded
FloBiz ↗Bengaluru
Apr 2021Series B$31MNo later round recorded
Mesh Ai ↗San Jose
Mar 2021Seed$5.0MNo later round recorded
Chalo ↗Mumbai
Jan 2021Series B$7.0MYes · Oct 2021
Able Jobs ↗Bengaluru
Jul 2020Seed$1.9MNo later round recorded
Feb 2020Series B$19MNo later round recorded
Nov 2019Angel$111KYes · Jun 2021
May 2018Angel$1.2MNo later round recorded
SigTuple ↗Bengaluru
Feb 2017Series A$5.8MNo later round recorded
Apr 2016SeedUndisclosedNo later round recorded
Springboard ↗San Francisco
Dec 2015Seed$1.7MNo later round recorded
Tracxn ↗Bengaluru
Dec 2015Series A$1.6MYes · Dec 2017
Zomato ↗Gurugram
Apr 2015Series E+$50MNo later round recorded
Headout ↗New York City
Apr 2015Seed$1.8MNo later round recorded
Mar 2015Seed$478KYes · Oct 2015
Goqii ↗Redwood City
Jun 2014AngelUndisclosedNo later round recorded
0 more companies have undated investments

Kept in the 28-company portfolio; excluded from entry-timing calculations.

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