Q2 2024 Investor Update

This morning, I hit “send” on one of the most important Investor Updates that I’ve ever written.

Each quarter, I write an Investor Update that shares the most important details related to SuperAngel.Fund's activity, performance, and strategy.

Over the past 3.5 years, we’ve invested over $20m into 100+ companies on behalf of over 500 Limited Partners (LPs).

Here’s how we’ve done so far:

PERFORMANCE 📈

During Q2 2024, we made 23 investments with a median check size of $50k and a post-money valuation of $10.8m.

Our investments were spread across:

- Consumer (11)
- eCommerce SaaS (9)
- PropTech/Future of Work (3)

Since the fund started in January 2021 we have deployed $10.2m across 198 investments into 127 companies. I estimate the current value to be $13.7m (15.56% unrealized IRR and 1.35x gross multiple).

So far, 82 investments have seen a markup, 97 are active and 19 are no longer active.

Across the entire SuperAngel portfolio combined, including SuperAngelSyndicate.com, we have deployed $21.2m across 277 investments into 146 companies. I estimate the current value to be approximately $33.6m which represents a 19.48% IRR and 1.58x gross multiple.

INVESTMENT STRATEGY 📚

In my 2023 year-end update, I wrote what has become the guiding principle for my entire investment strategy:

“If I am doing my job right the first time in ‘picking winners’, at least for a few subsequent rounds, our best deal flow should come from our existing portfolio.”

This means that we invest as close to the first check as possible, then look for opportunities to double down on those companies that show the most promise.

We’re here to partner with our founders for the long haul with the network, expertise, and capital for the journey.

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