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

Angel investor · Atlanta, United States

Tom Noonan.

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
42%

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

First investment stage across 24 companies8 Seed, 2 Angel and 14 other-stage entries. Each dot represents one company.
Seed 8Angel 2Other 14

One dot = one company at first recorded investment.

24 companies · 34 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 28 Sep 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

Tom Noonan has dated investments in 24 companies. 10 first entries were at Angel, Pre-Seed or Seed (41.7%). 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

0 first company relationships appear in the latest 24 months, compared with 3 in the preceding window. The latest recorded investment is 2025-09-28. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

12 of 24 companies with a full 24-month observation window raised another equity round. This investor backed 7 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

Cybersecurity is the largest displayed sector by company count, appearing in 8 portfolio companies; sector tags overlap. 4 first entries carry a recorded lead flag and the median first-round syndicate includes 3 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
$1.9M–$8.7M

The middle half of entry rounds

25th–75th percentile across 23 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 3 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
50%

Another equity round within 24 months

12 of 24 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
29%

This investor invested again within 24 months

7 of the same 24 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.

24matching companies
$5.0Mmedian first round (23 disclosed)
0first backed in last 24 months

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

Series A

AdPipe ↗

AI based platform offering video ad creation software

$6.0M total first round
Series B

Pando ↗

Provider of AI-powered solutions for freight management and supply chain

$30M total first round
Series A

Somewear ↗

Provider of the satellite-powered system for defense

$16M 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
Cybersecurity8
Artificial Intelligence3
MarketingTech3
Sales Force Automation3
FinTech3
GRC Software3
Security & Surveillance Technology3
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
Angel1 disclosed
$1.5M$1.5M–$1.5M
Seed8 disclosed
$1.7M$1.2M–$4.0M
Series A11 disclosed
$6.8M$4.4M–$12M
$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.

24
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
50%
12 of 24 companies

Backed again by this investor

A subset of the companies above
29.2%
7 of 24 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
Angel22 / 21 / 2
Seed84 / 82 / 8
Series A115 / 114 / 11
Series B31 / 30 / 3
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

Lane Bess ↗

4 shared rounds · 2 companies

Latest shared round Sep 2022
02
FIRM

Atlanta Ventures

3 shared rounds · 2 companies

Latest shared round Sep 2025
03
ANGEL

David Dorman ↗

3 shared rounds · 3 companies

Latest shared round May 2023
04
FIRM

Industrifonden

3 shared rounds · 1 companies

Latest shared round Jun 2022
05
ANGEL

Kyle Porter ↗

3 shared rounds · 3 companies

Latest shared round Oct 2021
06
FIRM

New Enterprise Associates

3 shared rounds · 1 companies

Latest shared round Sep 2022

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.

24 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Nov 2023Series A$6.0MYes · Sep 2025
Pando ↗Chicago
May 2023Series B$30MNo later round recorded
Somewear ↗San Francisco
Sep 2022Series A$16MNo later round recorded
Voxie ↗Alpharetta
Feb 2022Series A$25MNo later round recorded
Jan 2022Seed$8.5MNo later round recorded
Oct 2021Series A$3.9MNo later round recorded
Managr ↗Atlanta
Oct 2021Seed$1.5MNo later round recorded
Cape Privacy ↗New York City
Apr 2021Series A$20MNo later round recorded
Hub ↗Lafayette
Mar 2021Seed$1.0MNo later round recorded
Mar 2021Series A$7.5MYes · Aug 2022
Deduce ↗Philadelphia
Dec 2020Seed$7.3MNo later round recorded
Jun 2020Series B$9.0MNo later round recorded
Mar 2020Seed$750KNo later round recorded
ShardSecure ↗New York City
Dec 2019Seed$2.0MYes · Mar 2020
Feb 2019Series A$5.0MNo later round recorded
Hyas ↗Nanaimo
Aug 2018Series A$6.8MNo later round recorded
Stord ↗Atlanta
Jun 2018AngelUndisclosedNo later round recorded
Mar 2018Series A$2.0MYes · Oct 2018
Evident ↗Wilmington
Sep 2017Series A$9.0MYes · May 2019
Maxio ↗Peachtree Corners
Nov 2016Series A$1.8MNo later round recorded
Synthio ↗Marietta
Jan 2016Series B$4.3MNo later round recorded
Dedrone ↗San Francisco
Apr 2015Seed$2.9MYes · Jan 2017
Sep 2014Angel$1.5MYes · Aug 2015
Mar 2012Seed$1.3MNo later round recorded
0 more companies have undated investments

Kept in the 24-company portfolio; excluded from entry-timing calculations.

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