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PreAngel

North America, California, United States, Sunnyvale

Description

PreAngel is a highly active early-stage venture capital firm, primarily recognized for its significant contributions to the startup ecosystem in China. Founded in 2011 by Wang Li, the firm is headquartered in Hangzhou, China, despite some public data potentially indicating a U.S. presence. PreAngel has established itself as a prolific investor, focusing on seed and angel-stage funding for nascent companies with high growth potential. Its investment philosophy centers on identifying innovative technologies and business models at their earliest phases, providing crucial initial capital.

The firm's investment scope is broad, encompassing a wide array of high-tech sectors. PreAngel has shown a strong interest in areas such as artificial intelligence (AI) and machine learning (ML), blockchain technology, mobile applications, and various forms of smart hardware including drones and robotics. They also invest in open-source software and new consumption models, reflecting a diverse portfolio strategy aimed at capturing emerging market trends. PreAngel is known for its high volume of investments, having backed over 700 companies since its inception, making it one of the most active seed investors in the region.

PreAngel typically acts as a first-money investor, providing essential capital to help startups validate their concepts and achieve initial traction. Their initial investments often range from $100,000 to $1,000,000, tailored to the specific needs and stage of the early-stage ventures. Beyond financial backing, PreAngel leverages its extensive network and deep industry expertise to offer strategic guidance, operational support, and facilitate follow-on funding rounds for its portfolio companies. This hands-on approach aims to nurture promising startups from ideation through to their growth phases, contributing significantly to their long-term success.

Investor Profile

PreAngel has backed more than 137 startups, with 0 new investments in the last 12 months alone. The firm has led 19 rounds, about 14% of its total and boasts 9 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Angel, Series A rounds (top funding stages).
  • Majority of deals are located in China, United States, Switzerland.
  • Strong thematic focus on Software, Internet, Information Technology.
  • Typical check size: $100K – $1M.

Stage Focus

  • Seed (41%)
  • Angel (39%)
  • Series A (15%)
  • Convertible Note (1%)
  • Series Unknown (1%)
  • Corporate Round (1%)
  • Pre Seed (1%)
  • Series C (1%)

Country Focus

  • China (72%)
  • United States (20%)
  • Switzerland (3%)
  • Singapore (2%)
  • Canada (1%)
  • Saudi Arabia (1%)
  • Colombia (1%)

Industry Focus

  • Software
  • Internet
  • Information Technology
  • Blockchain
  • E-commerce
  • Health Care
  • Artificial Intelligence (Ai)
  • Media And Entertainment
  • Manufacturing
  • Mobile
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does PreAngel frequently co-invest with?

Zhonglu Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 3
ZhenFund
Asia, Beijing, China, Beijing
Co-Investments: 3
South China Venture Capital
Asia, Guangdong, China, Shenzhen
Co-Investments: 4
NGC Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 4
Binance Labs
Europe, NA - Malta, Malta, Birkirkara
Co-Investments: 2
FBG Capital
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
NewMargin Ventures
Asia, Shanghai, China, Shanghai
Co-Investments: 3
LeBox Capital
Asia, Beijing, China, Beijing
Co-Investments: 3
Chain Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 2

Which angels does PreAngel often collaborate with?

WG
North America, California, United States, San Francisco
Shared Deals: 2
RK
North America, California, United States, Los Angeles
Shared Deals: 1
KR
North America, California, United States, San Francisco
Shared Deals: 1
GP
North America, California, United States, San Francisco
Shared Deals: 1
AO
North America, California, United States, San Francisco
Shared Deals: 1
GB
North America, California, United States, San Francisco
Shared Deals: 1
GB
North America, California, United States, San Francisco
Shared Deals: 1
JA
North America, California, United States, San Francisco
Shared Deals: 1
GT
North America, California, United States, San Francisco
Shared Deals: 1
CL
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by PreAngel?

Huma

San Francisco, California, United States

Huma Finance the on-chain credit platform connects high-performing receivables with global financing.

BlockchainCreditFinanceLending
SeedSep 1, 2023
Amount Raised: $8,300,000
Caspar.AI

Palo Alto, California, United States

Health Platform for Early Detection of Diseases and Incidents

Health CareIntelligent SystemsOperating SystemsPredictive AnalyticsPrivacy
SeedAug 1, 2023
Swan Chain

Toronto, Ontario, Canada

Swan Chain develops a storage and computing infrastructure layer for Web3.

BlockchainCloud ComputingCryptocurrencyInformation TechnologyIT InfrastructureWeb3
SeedJan 16, 2023
Amount Raised: $3,000,000
Harae Dx Corp.

Pleasanton, California, United States

Harae Dx is a medical diagnostics company.

BiotechnologyHealth CareHealth DiagnosticsMedical
Series ADec 12, 2022
Gritti

Beijing, Beijing, China

Gritti is a social lifestyle app powered by Web3.

AppsFitnessWeb3
SeedJul 4, 2022
CEBG Studio

Singapore, Central Region, Singapore

CEBG Studio is a gaming studio.

Gaming
SeedJun 10, 2022
Ajuna Network

Zürich, Zurich, Switzerland

Ajuna Network is a decentralized ecosystem for gamers and creators.

BlockchainGaming
SeedAug 1, 2021
Amount Raised: $2,400,000
Huojianpai

Hangzhou, Zhejiang, China

Huojianpai is a commercial aerospace company providing earth-moon space economy and future-oriented deep space exploration.

AerospaceSpace Travel
AngelJun 22, 2021
X World Games

Singapore, Central Region, Singapore

The next-generation decentralized gaming metaverse.

BlockchainCryptocurrencyGamingInternetMetaverse
SeedApr 26, 2021
Amount Raised: $1,200,000
Feiba Business Travel

Shanghai, Shanghai, China

Feiba Business Travel is a business trip ticket service platform

Tourism
Series ASep 28, 2019