Happy Thursday.

In today’s issue:

Angel funding rounds announced in recent weeks, compiled from public sources or via direct announcement. These deals represent the elite few that survived an angel network’s vetting process. Note: I have not personally analyzed these companies and am sharing for informational purposes only.

📊 Angel Network Investment Tracker: 206 Deals, 109 Networks.

Participating Group: Angel Star Ventures

Andiron AI is developing an AI-powered marketing command center for ecommerce brands that aggregates data across advertising, sales, and other channels to surface growth opportunities and execute actions automatically. The platform, called Andi, identifies underperforming spend and, according to the company, delivers ~27% revenue lift and 3x faster campaign execution. Angel Star Ventures, LLC recently announced an investment in the company.

Cyrus Roepers-Chamlou | Arlington, VA | June 2026 | Source

Participating Group: Harvard Business School Alumni Angels of Greater New York

Bounce Imaging makes throwable and mountable 360-degree camera systems that give first responders and military operators real-time visual awareness inside dangerous or confined spaces before entering. Founded after the 2010 Haiti earthquake, the company says its systems are used by more than 450 law enforcement agencies, plus the FBI, U.S. Marshals, and Department of Defense teams. HBS Alumni Angels of Greater New York recently announced a follow-on investment in the company.

Francisco Aguilar | Cheektowaga, NY | May 2026 | Source

Participating Groups: Estonian Business Angels Network, Latvian Business Angels Network, and Finnish Business Angels Network

Granarium Technologies is developing supercapacitors (fast-charge energy storage devices) made from 100% renewable materials, including nanocellulose, biocarbon, and water, for grid-scale power stabilization. A VTT Technical Research Centre spinout with multiple granted patents, the company says it has letters of intent with energy operators in Finland and Lithuania. Granarium secured up to $232,800 USD (€200,000) from the Estonian, Latvian, and Finnish Business Angels Networks joint syndicate at Latitude59 2026, part of a $1.16 million USD (€1 million) seed round led by BSV Ventures.

Paula Viinamäki | ~$230K Investment | Helsinki, Finland | May 2026 | Source

“Who is in this deal?”

It’s a fascinating question, and makes looking over cap tables quite the curiosity-satisfying experience. But Mitra highlighted how powerful the exercise is as a form of diligence, and suggested a second, more specifc question: “Do these people know the industry?”

If a founder has filled their entire round with investors who have no domain expertise and add little/no strategic value to the business, that's at least a yellow flag.

Takeaway: Next time you’re considering an investment, pull up the cap table and ask - “Do any of these names have experience in this space?” And if the first-glance answer is no, consider pressing the founder to better understand what each name brings to the table besides their capital.

Want more? Check out my full conversation with Mitra👇

Listen now on Apple Podcasts, Spotify, YouTube, and more.

There's a version of every angel group that deploys more capital, attracts better deal flow, and retains more members year over year. Most investor groups don't get there because the operational burden outpaces the 1-2 part-time people trying to hold it all together with paperclips and duct tape.

Put the duct tape down. Let’s talk about how to take your group to the next level.

Thanks for reading - have a great week.

-Andrew

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