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A $5k angel helped pull $700k into a seed round
� In 2020, Freshpaint was raising its seed round when COVID hit. The company still closed $1.6M. One investor came in with a $5,000 check.
� That angel introduced other angels. Those angels brought in more investors and funds. The chain that started with the $5k check delivered $700,000, about 43% of the round.
� Freshpaint builds software that helps companies collect and analyze customer data, with an early focus on healthcare. Since then, it has raised two more rounds in 2022 and 2024, reaching $42M total.
Small checks can open big doors.
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