A recent investment by an angel investor has led to a $100,000 payout.
The investor, who has a background in entrepreneurship and had previously sold his startup for $1 million, made the decision to fund his venture with angel investors in May 2016.
He says the investment gave him a “real sense of confidence” and led to an initial round of $50.5 million in capital raising in April 2017.
The investment, called ‘Angel Capital’, was led by the venture capital firm KKR, which is known for funding the likes of Facebook and Spotify.
The fund is funded by the founders of a global digital advertising company, who were looking for an angel to fund their business.
After months of negotiations, the two companies agreed to fund the startup through the KKR-backed venture capital fund, The Next Generation Fund.
The angel investor, whose name is not being disclosed, was given access to KKR’s wealth management system and other information, and also had access to the business plans of the startup.
This included the number of employees, and how much money they were earning, and the estimated valuation of the business.
It was also possible to access his own data on the business, including the company’s revenue, gross profit, profit per employee, sales, net income and costs.
He also had a view into the profitability of the company and its valuation.
The Next Generation fund, which has a total valuation of $1.4 billion, has invested in a range of startups including a new venture capital funding round led by Kleiner Perkins Caufield & Byers and the New York Stock Exchange.KKR has not responded to Business Insider’s requests for comment.