INVESTOR NOTES / 001ANGEL INVESTOR / , United States
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · United States

Patrick Collison.

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 PATTERN2012–2026
32%

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

First investment stage across 31 companies9 Seed, 1 Angel and 21 other-stage entries. Each dot represents one company.
Seed 9Angel 1Other 21

One dot = one company at first recorded investment.

31 companies · 33 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 10 Apr 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

Patrick Collison has dated investments in 31 companies. 10 first entries were at Angel, Pre-Seed or Seed (32.3%). 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

12 first company relationships appear in the latest 24 months, compared with 3 in the preceding window. The latest recorded investment is 2026-04-10. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

8 of 19 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 5 portfolio companies; sector tags overlap. 2 first entries carry a recorded lead flag and the median first-round syndicate includes 6 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
$4.1M–$38M

The middle half of entry rounds

25th–75th percentile across 29 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
12companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 3 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
42%

Another equity round within 24 months

8 of 19 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 19 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.

31matching companies
$20Mmedian first round (29 disclosed)
12first backed in last 24 months

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

Series A

poke.com ↗

Online gaming platform for playing multiple games

$10M total first round
Series A

Centivax ↗

Provider of drug discovery services

$37M total first round
Seed

Enclave ↗

Provider of AI-powered code security platform that triages and catches vulnerabilities

$6.0M 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
Artificial Intelligence5
Application Development Tools3
Generative AI3
Life Sciences2
GTM Software2
MarketingTech2
Sales Force Automation2
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
Angel0 disclosed
UndisclosedUndisclosed–Undisclosed
Seed9 disclosed
$4.0M$2.7M–$4.1M
Series A12 disclosed
$24M$12M–$30M
$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.

19
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
42.1%
8 of 19 companies

Backed again by this investor

A subset of the companies above
0%
0 of 19 companies
i

Includes first investments on or before 22 May 2024. 12 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
Angel00 / 00 / 0
Seed73 / 70 / 7
Series A73 / 70 / 7
Series B42 / 40 / 4
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
ANGEL

John Collison ↗

19 shared rounds · 17 companies

Latest shared round Apr 2026
02
ANGEL

Nat Friedman ↗

10 shared rounds · 8 companies

Latest shared round May 2025
03
ANGEL

Daniel Gross ↗

6 shared rounds · 6 companies

Latest shared round May 2025
04
FIRM

Sequoia Capital

6 shared rounds · 4 companies

Latest shared round Aug 2022
05
FIRM

Y Combinator

4 shared rounds · 4 companies

Latest shared round Mar 2022
06
ANGEL

Elad Gil ↗

3 shared rounds · 2 companies

Latest shared round May 2025

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.

31 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
poke.com ↗United Kingdom
Apr 2026Series A$10MNo later round recorded
Centivax ↗San Francisco
Mar 2026Series A$37MNo later round recorded
Enclave ↗Tel Aviv
Mar 2026Seed$6.0MNo later round recorded
MatX ↗Mountain View
Feb 2026Series B$500MNo later round recorded
Monaco ↗San Francisco
Feb 2026Series A$25MNo later round recorded
Osmo ↗New York City
Feb 2026Series B$70MNo later round recorded
Dec 2025Series A$105MNo later round recorded
Oct 2025Series A$23MNo later round recorded
NewLimit ↗San Francisco
May 2025Series B$130MNo later round recorded
Mechanize ↗San Francisco
Apr 2025AngelUndisclosedNo later round recorded
Rivan ↗London
Nov 2024Seed$13MNo later round recorded
Anysphere ↗San Francisco
Aug 2024Series A$60MNo later round recorded
Matic ↗Mountain View
Nov 2023Series A$24MNo later round recorded
Aug 2022Series B$20MNo later round recorded
Meter ↗San Francisco
May 2022Series B$38MNo later round recorded
Logseq ↗New York City
May 2022Seed$4.1MNo later round recorded
AssemblyAI ↗San Francisco
Mar 2022Series A$28MNo later round recorded
Dec 2021Series B$50MNo later round recorded
Holy Grail ↗Mountain View
Jul 2021Seed$2.7MNo later round recorded
Jun 2021Seed$2.7MNo later round recorded
Nylas ↗San Francisco
Jun 2021Series C$120MNo later round recorded
ALT ↗San Francisco
Mar 2021Series AUndisclosedNo later round recorded
Linear ↗San Francisco
Dec 2020Series A$13MNo later round recorded
Matter ↗San Francisco
Jun 2020Seed$2.0MNo later round recorded
Retool ↗San Francisco
Oct 2019Series A$20MYes · Dec 2021
Xwing ↗San Francisco
Jul 2018Seed$4.0MNo later round recorded
Ambition ↗Chattanooga
Jun 2018Series A$5.9MNo later round recorded
Rival ↗Los Angeles
May 2018Series B$30MNo later round recorded
Bright ↗Mexico City
Aug 2015Seed$4.0MNo later round recorded
Oct 2014Series A$3.5MNo later round recorded
Exec ↗San Francisco
May 2012Seed$3.3MNo later round recorded
0 more companies have undated investments

Kept in the 31-company portfolio; excluded from entry-timing calculations.

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