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

Angel investor · United States

Sandeep Nailwal.

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 PATTERN2021–2026
81%

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

First investment stage across 106 companies82 Seed, 4 Angel and 20 other-stage entries. Each dot represents one company.
Seed 82Angel 4Other 20

One dot = one company at first recorded investment.

107 companies · 109 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 14 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

Sandeep Nailwal has dated investments in 106 companies. 86 first entries were at Angel, Pre-Seed or Seed (81.1%). 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

31 first company relationships appear in the latest 24 months, compared with 46 in the preceding window. The latest recorded investment is 2026-04-14. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

18 of 75 companies with a full 24-month observation window raised another equity round. This investor backed 1 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

Web 3.0 is the largest displayed sector by company count, appearing in 64 portfolio companies; sector tags overlap. 3 first entries carry a recorded lead flag and the median first-round syndicate includes 8 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
$2.3M–$9.0M

The middle half of entry rounds

25th–75th percentile across 96 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
31companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 46 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
24%

Another equity round within 24 months

18 of 75 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
1%

This investor invested again within 24 months

1 of the same 75 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.

106matching companies
$4.4Mmedian first round (96 disclosed)
31first backed in last 24 months

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

Seed

Self Labs ↗

Provider of digital identity verification using zero-knowledge cryptography for Web2/Web3

$9.0M total first round
Seed

Tria ↗

Decentralized cross-chain AP, and computation unit

$12M total first round
Seed

CitizenX ↗

Online investment platform for acquiring citizenship

$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
Web 3.064
Blockchain Infrastructure43
FinTech43
Blockchain in Financial Services41
Cryptocurrencies36
Blockchain31
Blockchain Technology27
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
$675K$513K–$838K
Seed75 disclosed
$3.3M$2.0M–$6.0M
Series A16 disclosed
$10M$6.0M–$16M
$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.

75
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
24%
18 of 75 companies

Backed again by this investor

A subset of the companies above
1.3%
1 of 75 companies
i

Includes first investments on or before 22 May 2024. 31 newer companies and 1 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
Angel21 / 20 / 2
Seed6216 / 621 / 62
Series A101 / 100 / 10
Series B00 / 00 / 0
Unattributed10 / 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
FIRM

Foresight Ventures

9 shared rounds · 8 companies

Latest shared round Apr 2026
03
FIRM

OKX

8 shared rounds · 8 companies

Latest shared round Nov 2024
04
FIRM

Animoca Brands

7 shared rounds · 7 companies

Latest shared round Jan 2025
05
FIRM

P2 Ventures

7 shared rounds · 7 companies

Latest shared round Oct 2025
06
FIRM

Symbolic Capital

7 shared rounds · 6 companies

Latest shared round Apr 2026

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.

106 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Self Labs ↗San Francisco
Nov 2025Seed$9.0MNo later round recorded
Tria ↗New York City
Oct 2025Seed$12MNo later round recorded
Oct 2025Seed$2.5MNo later round recorded
Aug 2025Series B$15MNo later round recorded
Veda Tech ↗New York City
May 2025Series B$18MNo later round recorded
Apr 2025Seed$3.3MNo later round recorded
Apr 2025Seed$11MNo later round recorded
Capx ↗Singapore
Mar 2025Seed$3.1MNo later round recorded
Prime Intellect ↗San Francisco
Mar 2025Series A$15MNo later round recorded
D3 ↗Orlando
Jan 2025Series A$25MNo later round recorded
Jan 2025Series A$10MNo later round recorded
Lava ↗Reykjavik
Jan 2025Seed$12MNo later round recorded
Fraction AI ↗New York City
Dec 2024Seed$6.0MNo later round recorded
Talus ↗Los Angeles
Nov 2024Series A$6.0MNo later round recorded
0G Labs ↗San Francisco
Nov 2024Seed$40MNo later round recorded
Nov 2024Seed$6.5MNo later round recorded
Cap Application ↗United States
Oct 2024Seed$1.9MNo later round recorded
OpenGradient ↗New York City
Oct 2024Seed$8.5MYes · Apr 2026
Sep 2024Seed$3.2MNo later round recorded
0xPPL ↗Singapore
Sep 2024SeedUndisclosedNo later round recorded
Aug 2024AngelUndisclosedNo later round recorded
Jul 2024Seed$7.0MNo later round recorded
Jul 2024Seed$7.0MNo later round recorded
Jul 2024Series A$6.0MNo later round recorded
Jul 2024Seed$9.0MNo later round recorded
Compute Labs ↗United Kingdom
Jul 2024Seed$3.0MNo later round recorded
Jul 2024AngelUndisclosedNo later round recorded
Prodia ↗Atlanta
Jul 2024Seed$15MNo later round recorded
Jun 2024Series A$10MNo later round recorded
Jun 2024Series B$13MNo later round recorded
Ava Protocol ↗San Francisco
Jun 2024Seed$10MNo later round recorded
May 2024Seed$1.8MNo later round recorded
May 2024Seed$1.0MNo later round recorded
Crestal ↗San Francisco
May 2024Seed$2.0MNo later round recorded
MadFi ↗New York City
Apr 2024Angel$1.0MNo later round recorded
Dolomite ↗United States
Mar 2024Seed$900KNo later round recorded
Succinct ↗San Francisco
Mar 2024Series A$55MNo later round recorded
Mar 2024Seed$1.0MNo later round recorded
Mystiko ↗Singapore
Mar 2024Seed$18MNo later round recorded
Mar 2024Seed$6.0MNo later round recorded
ether.fi ↗George Town
Feb 2024Series A$27MNo later round recorded
Feb 2024SeedUndisclosedNo later round recorded
HUMAN ↗Cayman Islands
Feb 2024SeedUndisclosedNo later round recorded
Dec 2023Seed$2.2MNo later round recorded
Curvance ↗Cayman Islands
Dec 2023Seed$3.6MNo later round recorded
Llama ↗Bengaluru
Nov 2023Seed$6.0MNo later round recorded
Oct 2023Seed$5.0MNo later round recorded
Orb Club ↗San Francisco
Sep 2023Seed$2.3MNo later round recorded
Sep 2023Seed$2.3MNo later round recorded
Sep 2023Seed$2.0MNo later round recorded
Rep3 ↗Singapore
Jul 2023SeedUndisclosedNo later round recorded
Jul 2023Seed$4.0MNo later round recorded
Lens ↗Venice
Jun 2023Series A$15MNo later round recorded
May 2023Series A$20MNo later round recorded
May 2023Angel$350KNo later round recorded
FastLane ↗Sacramento
May 2023Seed$2.3MNo later round recorded
Pragma ↗Madison
May 2023Series A$7.0MNo later round recorded
Lumoz ↗Hong Kong
Apr 2023Seed$6.0MNo later round recorded
Gateway ↗New York City
Jan 2023Seed$4.2MNo later round recorded
Davos ↗Hyderabad
Jan 2023Seed$500KNo later round recorded
Jan 2023Series A$5.5MNo later round recorded
Dec 2022Seed$1.0MNo later round recorded
xalts ↗Hong Kong
Oct 2022Series A$6.0MNo later round recorded
Carret ↗Bengaluru
Aug 2022SeedUndisclosedNo later round recorded
AO Labs
Aug 2022Seed$4.5MNo later round recorded
Jul 2022Series A$13MNo later round recorded
ZKX ↗Ushuaia
Jul 2022Seed$4.5MNo later round recorded
DAOLens ↗Bengaluru
Jun 2022Seed$5.0MNo later round recorded
Samudai ↗Singapore
Jun 2022Seed$2.5MNo later round recorded
KoinX ↗Cuttack
Jun 2022Seed$1.5MNo later round recorded
Layer3 ↗Washington, Dc
Jun 2022Seed$3.7MNo later round recorded
Dework ↗Stockholm
Jun 2022Seed$5.0MNo later round recorded
Liminal ↗Singapore
May 2022Seed$4.7MNo later round recorded
May 2022Seed$5.5MNo later round recorded
May 2022Seed$2.5MNo later round recorded
May 2022Seed$25MNo later round recorded
Zamp ↗San Francisco
May 2022Seed$25MNo later round recorded
May 2022Seed$2.0MNo later round recorded
Revise ↗Norwalk
Apr 2022Seed$3.5MNo later round recorded
Joyn ↗Toronto
Apr 2022Seed$3.5MNo later round recorded
Kandola ↗Bengaluru
Apr 2022Seed$450KNo later round recorded
Lago ↗United States
Mar 2022Seed$4.2MNo later round recorded
Coinbooks ↗San Francisco
Mar 2022Seed$2.5MNo later round recorded
EthSign ↗Shanghai
Mar 2022Seed$12MNo later round recorded
Feb 2022Seed$2.0MNo later round recorded
Feb 2022UnattributedUndisclosedNo later round recorded
Jan 2022Seed$3.0MNo later round recorded
Flint ↗Singapore
Jan 2022Seed$5.1MNo later round recorded
Jan 2022Seed$1.0MNo later round recorded
PlotX ↗Singapore
Jan 2022Seed$5.0MNo later round recorded
Jan 2022Series A$10MNo later round recorded
Jan 2022SeedUndisclosedNo later round recorded
Mana ↗Boston
Dec 2021Seed$7.0MNo later round recorded
Dec 2021Series A$4.1MNo later round recorded
Kibo ↗Arizona City
Nov 2021Seed$1.5MNo later round recorded
Nov 2021Seed$3.1MNo later round recorded
Lysto ↗Singapore
Nov 2021Seed$3.0MNo later round recorded
Oct 2021Seed$1.5MNo later round recorded
Sep 2021Seed$2.5MYes · Mar 2022
Aug 2021Seed$2.2MNo later round recorded
Arcana ↗Bengaluru
Jul 2021Seed$375KNo later round recorded
Amasa ↗Sydney
Jun 2021Seed$1.5MNo later round recorded
Streams ↗San Francisco
Jun 2021Seed$1.0MNo later round recorded
May 2021Seed$1.1MNo later round recorded
Genesis Shards ↗San Francisco
Mar 2021Seed$2.7MNo later round recorded
Huddle01 ↗Wilmington
Mar 2021SeedUndisclosedNo later round recorded
1 more companies have undated investments

Kept in the 107-company portfolio; excluded from entry-timing calculations.

  • Morph · Angel · date unavailable
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