We had a look over the angel activity from the last quarter - as expected, the big picture ain't pretty, the overall numbers are on a downward spiral showing a considerable appetite slowdown. Alas, while the trend is obviously down, please keep in mind there's a 3-6 months reporting lag that can make for 20-30% extra deals sometimes. 

2023: 649 angels Q3 (total 2396) vs. 948 angels Q2 (2984) vs. 896 angels Q1 (3019)
​2022: 949 angels Q3 (2860) vs. 1363 angels Q2 (3749) vs. 1366 angels Q1 (3650)
​2021: 1240 angels Q3 (3211) vs. 1303 angels Q2 (3387) vs. 1077 angels Q1 (3027)

We screened through the 649 names we've tracked activity for in Q3 2023 and produced a cheat sheet with the more active of them as well as a selection of their investments - you can find it below, makes for a good early stage pulse methinks.

Angel investors active in Q3

• ​649 angel investors with at least one transaction tracked for Q3
• below the list with the ones with minimum 3 deals for the period (includes syndicates, angel networks, etc)​
  ​

🇫🇷 Bertrand Delcourt 
🇺🇸 Charlie Songhurst 
🇫🇷 Better Angle 
🇨🇿 DEPO Ventures 
🇬🇧 Archangels 
🇫🇷 Sebastian Borget 
🇩🇪 Atlantis Ventures 
🇺🇸 Allison Pickens 
🇬🇧 Chalfen Ventures 
🇬🇧 Tom Horsey 
🇫🇷 Laurent Ritter 
🇬🇧 Phillip Chambers 
🇩🇪 Carsten Maschmeyer 
🇫🇷 SIDE Angels 
🇺🇸 Adam Wiggins 
🇩🇪 Caesar Business Angels​

Startups that raised angel funding in Q3

​
The UK

🇬🇧 11x ai - AI-automated digital workers
🇬🇧 Autone - SAAS operational platform enabling retail & CPG businesses to make optimal decisions.
🇬🇧 Borderless - recruiting platform allowing care providers to automate the hiring and onboarding of international workers​
​🇬🇧 Context ai - a product analytics platform for LLM-powered applications
🇬🇧 Momentum - SAAS helping high-growth companies grow ARR from outbound without growing the outbound team.
🇬🇧 Opna Earth - a climate financing platform
🇬🇧 PartyKit - open source collaborative app enabling developers to build multi player and local-first apps, games and websites.​
​🇬🇧 Pathway - developer of LLM models for providing financial insights.
🇬🇧 Translucent - a financial management platform for multinational and multi-entity businesses allowing them to unify financial data and workflows by layering on top of existing accounting software​
​🇬🇧 Worldover - platform used for frictionless launch of physical products across global markets

​

Germany

🇩🇪 Anytype - next generation software that aims to become an operating system for the new Internet.​
​🇩🇪 Atopia - metaverse for the arts.​
​🇩🇪 Cello - user-led growth platform​
​🇩🇪 DGG - deep tech SAAS used to make 3D content fit all target platforms​
​🇩🇪 e-mobilio - media marketplace selling leads for the electric vehicles industry in Germany​
​🇩🇪 finn.auto - all-inclusive, immediately available, monthly car-subscriptions.​
​🇩🇪 Futurised - an AI-powered process automation platform employment tools​
​🇩🇪 JobSwop - SAAS employment tools​
​🇩🇪 theblood - D2C Healthcare operation aiming to help customers with a non-invasive menstrual blood test.
​

France

🇫🇷 58 Facettes - online marketplace that offers jewelry and second-hand fine jewelry.​
​🇫🇷 Beev - platform providing access to electric cars and online charging infrastructure for consumers on subscription basis.
🇫🇷 Caeli Energie - technology based on the Maisotsenko cycle which allows a mass of air to be cooled below its humid temperature.​
​🇫🇷 Flagcat - proprietary engine used to produce top notch original gaming series.
🇫🇷 Hubflo - all-in-one work OS to help small businesses manage their business (i.e.invoicing, CRM, finances, projects, emails).
🇫🇷 Kraaft - instant messenger app dedicated to site monitoring for VRD public works trades: roads and various networks
🇫🇷 MyExpressDriver - delivery service for cars.
🇫🇷 Narval - web3 wallet governance platform empowering organizations to securely use their digital assets on-chain and interact with the Web3 world.​
​🇫🇷 Paradigme - marketplace for second hand clothing
🇫🇷 Rayon - space design tools aiming to enable users anywhere to draw, share and work together on their floor plans directly in their browser.
🇫🇷 Stokelp - overstock recovery marketplace dedicated to food manufacturers.

​

Other geographies

🇪🇸 Aunoa - AI-based software for customer support via virtual and automated assistants. 
🇪🇸 Bemyvega - platform used to broadcast and stream live classes.​
​🇳🇴 Celerway - router manufacturer via a real mobile broadband (RMB) platform.
🇳🇴 Cubit - SaaS product for Norwegian grid owners.​
​🇳🇱 GET Protocol - NFT ticketing startup operating a protocol using fully on-chain ticketing economics
🇹🇷 Hungri Games - gaming studio​
​🇱🇺 MarketLeap - B2B marketplace helping ecommerce startups with inventory sourcing demand across major European cities.
🇩🇰 Marts - SAAS tool that integrates with customers' existing IT systems, and supporting their workflows for the all things hardware inventory management.
🇩🇰 Pandektes - all-in-one legal knowledge hub.
🇳🇴 Strise - AI-enabled SAAS used for anti-money laundering (AML) and compliance issues.
🇪🇸 Ucademy - education platform helping users pass official entrance exams, or qualifying exams for public university education or governmental jobs