of dated first investments were at Angel, Pre-Seed or Seed
Seed 6Angel 0Other 3
One dot = one company at first recorded investment.
9 companies · 11 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 11 Mar 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
Steve Melhuish has dated investments in 9 companies. 6 first entries were at Angel, Pre-Seed or Seed (66.7%). An early-stage founder can use the sector and stage filters to find comparable companies before approaching the investor.
0 first company relationships appear in the latest 24 months, compared with 1 in the preceding window. The latest recorded investment is 2025-03-11. This describes observed activity through 2026-05-22; it does not establish current availability.
3 of 9 companies with a full 24-month observation window raised another equity round. This investor backed 2 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.
Renewable Energy Tech is the largest displayed sector by company count, appearing in 2 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.
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.
Sector
Seed
Series A
All stages
Renewable Energy Tech
2
B2C E-Commerce
2
AgriTech
1
B2B AgriTech
1
Crop Tech
1
Smart Irrigation
1
Solar Energy
1
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
Seed5 disclosed
$1.2M$1.2M–$2.7M
Series A3 disclosed
$2.1M$2.1M–$3.6M
$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.
9
companies with 24 months of observable history
Raised another equity round
Any investor · within 24 months
33.3%
3 of 9 companies
Backed again by this investor
A subset of the companies above
22.2%
2 of 9 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 stage
Eligible companies
Next round ≤24 mo
Same investor again ≤24 mo
Seed
6
3 / 6
2 / 6
Series A
3
0 / 3
0 / 3
05 / INVESTMENT RHYTHM
New names. Returning relationships.
Separate first investments from later rounds in companies already backed.
New companiesRepeat rounds
1
’132013: 1 new, 0 repeat
1
’142014: 0 new, 1 repeat
0
’152015: 0 new, 0 repeat
0
’162016: 0 new, 0 repeat
0
’172017: 0 new, 0 repeat
0
’182018: 0 new, 0 repeat
1
’192019: 1 new, 0 repeat
5
’202020: 5 new, 0 repeat
1
’212021: 1 new, 0 repeat
0
’222022: 0 new, 0 repeat
1
’232023: 1 new, 0 repeat
0
’242024: 0 new, 0 repeat
1
’252025: 0 new, 1 repeat
0
’26*2026: 0 new, 0 repeat
*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.
WI01
FIRM
Wavemaker Impact
3 shared rounds · 2 companies
Latest shared round Mar 2025
A02
FIRM
Antler
2 shared rounds · 2 companies
Latest shared round Mar 2020
BV03
FIRM
Betatron Venture Group
2 shared rounds · 2 companies
Latest shared round Nov 2020
CF04
FIRM
Collab Fund
2 shared rounds · 2 companies
Latest shared round Mar 2020
GI05
FIRM
Gaia Impact
2 shared rounds · 1 companies
Latest shared round Mar 2025
JR06
ANGEL
Jani Rautiainen
2 shared rounds · 1 companies
Latest shared round Jan 2014
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.
9 dated companies
Complete dated portfolio, ordered by first investment, newest first.
We build customized research dashboards for companies. Tell us which competitors, markets and questions matter to your team, and discuss a dashboard designed around your needs.
Discuss a custom dashboard ↗A customized service from Fliar. Contact us to discuss your requirements.FLIAR PRISM / RESEARCH TOOL
Turn your questions into deeper research.
Use Fliar Prism to research a company, market or topic, with reports and insights drawn from its research dataset.