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

Angel investor · San Francisco, United States

Peter Thiel.

Recorded investments.
A clearer sense of fit.

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

Find your comparables
THE ENTRY PATTERN2004–2026
32%

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

First investment stage across 89 companies23 Seed, 5 Angel and 61 other-stage entries. Each dot represents one company.
Seed 23Angel 5Other 61

One dot = one company at first recorded investment.

89 companies · 106 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 27 Nov 2025
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

Peter Thiel has dated investments in 89 companies. 28 first entries were at Angel, Pre-Seed or Seed (31.5%). 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

7 first company relationships appear in the latest 24 months, compared with 11 in the preceding window. The latest recorded investment is 2025-11-27. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

38 of 82 companies with a full 24-month observation window raised another equity round. This investor backed 9 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.

Explore the evidence ↗
04

Use a specific point of relevance

FinTech is the largest displayed sector by company count, appearing in 23 portfolio companies; sector tags overlap. 17 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.

Explore the evidence ↗
01 / THE READOUT

Four signals before you pitch.

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

01 — ROUND CONTEXT
$5.3M–$50M

The middle half of entry rounds

25th–75th percentile across 82 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
7companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 11 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
46%

Another equity round within 24 months

38 of 82 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
11%

This investor invested again within 24 months

9 of the same 82 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.

89matching companies
$20Mmedian first round (82 disclosed)
7first backed in last 24 months

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

Series D

Kriya Therapeutics ↗

Developer of therapeutic solutions for the treatment of diabetes

$321M total first round
Series C

Quantum Systems ↗

AI-powered aerial intelligence and reconnaissance systems

$181M 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
FinTech23
Life Sciences11
Artificial Intelligence10
Alternative Lending9
Biopharmaceuticals8
NBFC Lenders8
Payments7
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
Angel3 disclosed
$1.0M$750K–$1.5M
Seed19 disclosed
$3.0M$2.4M–$5.4M
Series A23 disclosed
$16M$7.0M–$24M
$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.

82
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
46.3%
38 of 82 companies

Backed again by this investor

A subset of the companies above
11%
9 of 82 companies
i

Includes first investments on or before 22 May 2024. 7 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
Angel53 / 50 / 5
Seed239 / 232 / 23
Series A196 / 192 / 19
Series B169 / 163 / 16
Series C108 / 101 / 10
Series D21 / 21 / 2
Series E+21 / 20 / 2
Post-IPO51 / 50 / 5
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

Founders Fund

13 shared rounds · 13 companies

Latest shared round Jul 2025
02
FIRM

a16z

7 shared rounds · 7 companies

Latest shared round Apr 2024
03
FIRM

General Catalyst

6 shared rounds · 6 companies

Latest shared round Sep 2024
04
FIRM

Google Ventures

5 shared rounds · 4 companies

Latest shared round Apr 2024
05
FIRM

Khosla Ventures

5 shared rounds · 5 companies

Latest shared round Jul 2025
06
FIRM

Presight Capital

5 shared rounds · 5 companies

Latest shared round Aug 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.

89 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Jul 2025Series D$321MNo later round recorded
Jul 2025Series C$187MNo later round recorded
May 2025Series C$181MYes · Nov 2025
Ataraxis ↗New York
Mar 2025Series A$20MNo later round recorded
Feb 2025Series A$20MNo later round recorded
Mercor ↗San Francisco
Sep 2024Series A$30MNo later round recorded
Etched ↗Menlo Park
Jun 2024Series A$120MNo later round recorded
BeFake ↗United States
Sep 2023Seed$3.0MNo later round recorded
Aug 2023Seed$3.0MNo later round recorded
Jun 2023Seed$5.0MNo later round recorded
Jun 2023SeedUndisclosedYes · Aug 2023
Pylon ↗New York City
Dec 2022Seed$8.5MNo later round recorded
Anduril ↗Costa Mesa
Dec 2022Series E+$1.5BNo later round recorded
Vienna Hypertext
Sep 2022Seed$2.3MNo later round recorded
Sep 2022Series B$20MNo later round recorded
PriceOye ↗Islamabad
Aug 2022Seed$7.9MNo later round recorded
Aug 2022SeedUndisclosedNo later round recorded
Arena ↗New York City
Aug 2022Series A$32MNo later round recorded
Mar 2022Series C$192MYes · Aug 2022
Jan 2022Seed$4.0MNo later round recorded
Hallow ↗Detroit
Nov 2021Series B$40MYes · Jul 2022
FLYR ↗San Francisco
Sep 2021Series C$150MNo later round recorded
TMRW ↗New York City
Jun 2021Series C$80MNo later round recorded
Rumble ↗Toronto
May 2021Post-IPOUndisclosedNo later round recorded
May 2021Series A$10MNo later round recorded
Apr 2021Series C$75MNo later round recorded
Hebbia ↗New York City
Oct 2020Seed$1.1MYes · Apr 2024
Oct 2020Seed$2.3MNo later round recorded
Oct 2020AngelUndisclosedNo later round recorded
Sep 2020Post-IPO$170MNo later round recorded
Aug 2020Series A$5.2MNo later round recorded
Aug 2020Post-IPO$28MNo later round recorded
Jun 2020Series A$60MNo later round recorded
Mar 2020Series B$105MNo later round recorded
Feb 2020Series A$10MNo later round recorded
Clearview AI ↗New York City
Dec 2019Series A$8.6MYes · Jul 2021
Layer1 ↗San Francisco
Oct 2019Series A$30MNo later round recorded
Sep 2019Seed$2.7MNo later round recorded
Modal ↗San Francisco
Jun 2019Series A$5.0MNo later round recorded
Jun 2019Seed$5.8MNo later round recorded
Jan 2019Series C$20MNo later round recorded
BloomTech ↗San Francisco
Jan 2019Series B$30MNo later round recorded
Oct 2018Series A$25MYes · Apr 2020
Jul 2018Seed$450KNo later round recorded
Rescale ↗San Francisco
Jul 2018Series B$32MYes · Nov 2021
Jun 2018Series A$7.0MNo later round recorded
Brex ↗Draper
Mar 2018Series B$50MNo later round recorded
ChemomAb ↗Tel Aviv
Dec 2017Series B$10MNo later round recorded
Oct 2017SeedUndisclosedNo later round recorded
Peptilogics ↗Pittsburgh
Aug 2017Series A$5.5MYes · Dec 2020
Angiex ↗Cambridge
Jul 2017Seed$3.0MYes · Aug 2021
Coru ↗Mexico City
Jun 2017Series A$7.0MNo later round recorded
Jun 2017Series E+$300MNo later round recorded
Cadre ↗New York City
Jun 2017Series C$65MNo later round recorded
Jun 2017Series A$20MNo later round recorded
Apr 2017Series A$16MYes · Mar 2021
Samlino.dk ↗Copenhagen
Jan 2017Series A$21MNo later round recorded
Sep 2016Series A$22MNo later round recorded
Hanmi ↗Los Angeles
Jul 2016Post-IPO$34MNo later round recorded
N26 ↗Berlin
Jun 2016Series B$40MNo later round recorded
May 2016SeedUndisclosedNo later round recorded
May 2016Seed$2.5MNo later round recorded
Jan 2016Series B$7.0MNo later round recorded
Osaro ↗San Francisco
Dec 2015Seed$3.3MNo later round recorded
Monedo ↗Hamburg
Sep 2015Series C$92MNo later round recorded
Sep 2015Series C$92MNo later round recorded
Cortex Xpanse ↗San Francisco
Aug 2015Seed$6.0MYes · Jun 2016
Artivest ↗New York City
Apr 2015Series A$15MNo later round recorded
Oscar ↗New York City
Apr 2015Series C$145MNo later round recorded
Breezeworks ↗San Francisco
Nov 2014Series A$5.1MNo later round recorded
Reddit ↗San Francisco
Oct 2014Series B$50MNo later round recorded
Reddit ↗San Francisco
Sep 2014Series B$50MNo later round recorded
Aug 2014Post-IPO$8.3MNo later round recorded
NextRoll ↗San Francisco
Apr 2014Series D$70MNo later round recorded
SoFi ↗San Francisco
Apr 2014Series C$80MNo later round recorded
Artsy ↗New York City
Apr 2014Series B$19MYes · Mar 2015
Vicarious ↗San Francisco
Mar 2014Series B$40MNo later round recorded
OnDeck ↗New York City
May 2013Series D$17MYes · Mar 2014
Clinkle ↗San Francisco
Apr 2013Seed$25MNo later round recorded
Judicata ↗San Francisco
Dec 2012Angel$2.0MNo later round recorded
Ezetap ↗Bengaluru
Aug 2012Series A$3.5MNo later round recorded
Asana ↗San Francisco
Jul 2012Series B$28MNo later round recorded
UpGuard ↗Mountain View
Jul 2012Seed$1.2MNo later round recorded
Quora ↗Mountain View
May 2012Series B$50MYes · Apr 2014
Pando ↗San Francisco
Jan 2012Seed$2.5MNo later round recorded
Addepar ↗Mountain View
Jun 2011Series B$16MNo later round recorded
Vator ↗Alameda
Feb 2008Angel$1.0MNo later round recorded
Jun 2006AngelUndisclosedNo later round recorded
Facebook ↗Menlo Park
Aug 2004Angel$500KNo later round recorded
0 more companies have undated investments

Kept in the 89-company portfolio; excluded from entry-timing calculations.

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