INVESTOR NOTES / 001ANGEL INVESTOR / Paris, France
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Paris, France

Xavier Niel.

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 PATTERN2010–2026
64%

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

First investment stage across 78 companies35 Seed, 15 Angel and 28 other-stage entries. Each dot represents one company.
Seed 35Angel 15Other 28

One dot = one company at first recorded investment.

78 companies · 86 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 23 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

Xavier Niel has dated investments in 78 companies. 50 first entries were at Angel, Pre-Seed or Seed (64.1%). 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

5 first company relationships appear in the latest 24 months, compared with 10 in the preceding window. The latest recorded investment is 2026-04-23. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

26 of 73 companies with a full 24-month observation window raised another equity round. This investor backed 3 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 10 portfolio companies; sector tags overlap. 13 first entries carry a recorded lead flag and the median first-round syndicate includes 4 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
$2.2M–$19M

The middle half of entry rounds

25th–75th percentile across 71 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
5companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 10 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
36%

Another equity round within 24 months

26 of 73 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
4%

This investor invested again within 24 months

3 of the same 73 companies. Build a financing plan around the wider investor market.

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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.

78matching companies
$6.0Mmedian first round (71 disclosed)
5first backed in last 24 months

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

Seed

Ami Labs ↗

Developer of AI systems that understand the real world data

$1.0B total first round
Seed

Gradium ↗

Developer of audio language models delivering natural, expressive voice interactions

$70M total first round
Seed

Genesis AI ↗

Global physical AI lab and full-stack robotics company

$105M 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 Intelligence10
B2C E-Commerce10
FinTech10
HealthTech9
HRTech8
HR SaaS6
Future of Work5
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
Angel14 disclosed
$1.8M$1.0M–$2.2M
Seed31 disclosed
$5.2M$1.9M–$20M
Series A17 disclosed
$10M$5.6M–$14M
$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.

73
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
35.6%
26 of 73 companies

Backed again by this investor

A subset of the companies above
4.1%
3 of 73 companies
i

Includes first investments on or before 22 May 2024. 5 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
Angel155 / 150 / 15
Seed319 / 312 / 31
Series A1710 / 171 / 17
Series B61 / 60 / 6
Series C31 / 30 / 3
Series D10 / 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

Bpifrance

17 shared rounds · 16 companies

Latest shared round Mar 2026
02
FIRM

Kima Ventures

10 shared rounds · 10 companies

Latest shared round Nov 2021
03
FIRM

Aglae Ventures

9 shared rounds · 7 companies

Latest shared round Mar 2026
04
FIRM

Idinvest Partners

6 shared rounds · 6 companies

Latest shared round Mar 2020
05
FIRM

Alven

5 shared rounds · 5 companies

Latest shared round Jul 2025
06
ANGEL

Eric Schmidt ↗

5 shared rounds · 5 companies

Latest shared round Mar 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.

78 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Mar 2026Seed$1.0BNo later round recorded
Dec 2025Seed$70MNo later round recorded
Jul 2025Seed$105MNo later round recorded
Genesis AI ↗United States
Jul 2025Seed$105MNo later round recorded
Mobile Club ↗Boulogne Billancourt
Apr 2025Series A$2.3MNo later round recorded
May 2024Seed$220MNo later round recorded
Mar 2024Seed$16MNo later round recorded
Feb 2024Seed$35MNo later round recorded
Poolside ↗San Francisco
Aug 2023Series A$100MNo later round recorded
Jun 2023Seed$113MNo later round recorded
Apr 2023Series B$15MNo later round recorded
Illumix ↗Redwood City
Mar 2023Series A$18MNo later round recorded
Jan 2023Series A$12MNo later round recorded
Oct 2022Seed$6.8MNo later round recorded
Leviia ↗Saint Soupplets
Jul 2022Seed$3.0MNo later round recorded
May 2022Seed$11MNo later round recorded
Apr 2022Seed$14MNo later round recorded
Mar 2022Seed$6.0MNo later round recorded
Zoi ↗Paris
Jan 2022Seed$23MNo later round recorded
Nov 2021Seed$2.4MNo later round recorded
Sep 2021Seed$1.4MNo later round recorded
Ledgy ↗Zurich
Sep 2021Series A$10MNo later round recorded
oxio ↗Quebec City
Jul 2021Series A$20MNo later round recorded
Dice ↗London
Jul 2021Series C$130MNo later round recorded
May 2021Angel$764KNo later round recorded
Apr 2021Series B$20MNo later round recorded
Mar 2021Series C$35MNo later round recorded
Feb 2021Series A$6.0MNo later round recorded
Music World Media ↗Boulogne Billancourt
Mar 2020Series B$56MNo later round recorded
MWM ↗Boulogne Billancourt
Mar 2020Series C$56MNo later round recorded
Sep 2019Angel$1.1MNo later round recorded
Apr 2019Seed$674KNo later round recorded
Mar 2019Seed$1.1MNo later round recorded
Jan 2019Series A$3.4MNo later round recorded
Dec 2018Seed$4.5MNo later round recorded
Oct 2018Seed$11MNo later round recorded
May 2018Angel$2.2MNo later round recorded
May 2018Angel$2.3MYes · Apr 2026
Apr 2018Seed$5.2MNo later round recorded
Apr 2018Series A$28MNo later round recorded
Apr 2018Series A$12MNo later round recorded
Triplebyte ↗San Francisco
Feb 2018Series A$10MNo later round recorded
Poool ↗Bordeaux
Dec 2017SeedUndisclosedNo later round recorded
Dec 2017SeedUndisclosedNo later round recorded
Jun 2017Seed$4.6MYes · Sep 2017
Jun 2017Seed$4.6MYes · Sep 2017
Mar 2017Seed$1.9MNo later round recorded
Mar 2017Seed$1.1MNo later round recorded
Feb 2017Series D$53MNo later round recorded
Les Nouveaux Fromagers
Nov 2016Seed$321KNo later round recorded
Ava ↗Berkeley
Nov 2016SeedUndisclosedNo later round recorded
Oct 2016Angel$2.2MNo later round recorded
Oct 2016Angel$11MYes · Nov 2018
Oct 2016Series A$5.6MYes · Jul 2017
Klaxoon ↗Cesson Sevigne
Sep 2016Series A$5.6MNo later round recorded
Sep 2016Series B$23MNo later round recorded
Sep 2016Series B$6.7MNo later round recorded
Jun 2016Angel$1.7MNo later round recorded
Jun 2016Series A$3.4MNo later round recorded
Jun 2016Angel$738KNo later round recorded
Mar 2016Angel$4.0MNo later round recorded
Mar 2016Angel$2.2MNo later round recorded
Save ↗Puteaux
Sep 2015Series AUndisclosedNo later round recorded
Jul 2015Series A$8.9MNo later round recorded
Jun 2015Seed$6.3MNo later round recorded
Insensi ↗New York City
Jan 2015Seed$2.4MNo later round recorded
Cord ↗Brooklyn
Sep 2014Seed$1.8MNo later round recorded
Jul 2014Series BUndisclosedNo later round recorded
Jun 2014Angel$1.0MNo later round recorded
May 2014SeedUndisclosedNo later round recorded
Bunkr ↗San Francisco
May 2014Seed$1.4MNo later round recorded
Jan 2014Seed$820KNo later round recorded
TV Time ↗Los Angeles
Jul 2013Angel$660KNo later round recorded
Bank Of Poker
May 2013AngelUndisclosedNo later round recorded
State ↗London
Feb 2013Series A$14MNo later round recorded
Wise ↗Shoreditch
Jan 2013Series A$6.0MNo later round recorded
Covertix ↗Kfar Saba
Jan 2011Angel$1.0MNo later round recorded
Sep 2010Angel$1.9MNo later round recorded
0 more companies have undated investments

Kept in the 78-company portfolio; excluded from entry-timing calculations.

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