INVESTOR NOTES / 001ANGEL INVESTOR / Stockholm, Sweden
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Stockholm, Sweden

Niklas Zennström.

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
50%

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

First investment stage across 4 companies2 Seed, 0 Angel and 2 other-stage entries. Each dot represents one company.
Seed 2Angel 0Other 2

One dot = one company at first recorded investment.

4 companies · 5 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 25 Jan 2022
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

Niklas Zennström has dated investments in 4 companies. 2 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

0 first company relationships appear in the latest 24 months, compared with 0 in the preceding window. The latest recorded investment is 2022-01-25. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

3 of 4 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

Artificial Intelligence is the largest displayed sector by company count, appearing in 1 portfolio companies; sector tags overlap. 0 first entries carry a recorded lead flag and the median first-round syndicate includes 5 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
$4.0M–$56M

The middle half of entry rounds

25th–75th percentile across 4 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
75%

Another equity round within 24 months

3 of 4 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 4 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.

4matching companies
$25Mmedian first round (4 disclosed)
0first backed in last 24 months

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

Series B

Cleo ↗

Provider of cloud and AI-based chatbots for personal finance

$44M total first round
Seed

WeFarm ↗

Online collaborative marketplace platform for farmers

$5.0M total first round
Series B

Lilium ↗

Platform offering electric aircraft development and aviation services

$90M 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.
SectorSeedSeries BAll stages
Artificial Intelligence1
Chatbots1
Expense Aggregation Platforms1
FinTech1
Investment Tech1
Native AI in Financial Services1
Personal Assistant Chatbots1
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
Seed2 disclosed
$3.0M$2.0M–$4.0M
Series B2 disclosed
$67M$56M–$79M
$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.

4
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
75%
3 of 4 companies

Backed again by this investor

A subset of the companies above
0%
0 of 4 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
Seed22 / 20 / 2
Series B21 / 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

LocalGlobe

2 shared rounds · 2 companies

Latest shared round Dec 2020
02
FIRM

Accelerated Digital Ventures

1 shared rounds · 1 companies

Latest shared round Feb 2018
03
ANGEL

Alex Chesterman

1 shared rounds · 1 companies

Latest shared round Dec 2020
04
FIRM

Atomico

1 shared rounds · 1 companies

Latest shared round Sep 2017
05
FIRM

Balderton Capital

1 shared rounds · 1 companies

Latest shared round Dec 2020
06
ANGEL

Bryan Meehan ↗

1 shared rounds · 1 companies

Latest shared round Feb 2018

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.

4 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Cleo ↗Wilmington
Dec 2020Series B$44MNo later round recorded
Feb 2018Seed$5.0MNo later round recorded
Lilium ↗Wessling
Sep 2017Series B$90MNo later round recorded
Mar 2014Seed$1.0MYes · Jan 2022
0 more companies have undated investments

Kept in the 4-company portfolio; excluded from entry-timing calculations.

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