Blog / Thesis Observatory

Thesis Observatory

Who Actually Writes Pre-Seed Cheques — Stage Appetite Across US, EU and UK Investor Theses

Only 50.6% of UK investors state pre-seed appetite vs. 79% seed. FMD parsed 1,679 theses across US/EU/UK to map the real stage-appetite gap.

13 July 2026 · Dataset

What Investors Actually Pay: Ticket-Size Distributions Across US, EU and UK — And Who Says Pre-Seed But Tickets Like Series A

Only 0.4% of self-described pre-seed investors write $5M+ only checks. Data on real pre-seed/seed ticket sizes across US, EU and UK markets.

4 July 2026 · Dataset

Who Actually Writes Pre-Seed Cheques: Stage Appetite Across US, EU and UK Investor Theses

Only 50.6% of UK investors state pre-seed appetite vs 79% at seed. Cross-region data on pre-seed vs seed investor targeting across US, EU and UK.

4 July 2026 · Dataset

The Investor Cliques of European and US Venture — Who Actually Invests Together, From Co-Investment Data

FMD's graph of 1,370 investor theses finds 14 co-investment cliques in US/EU venture, led by a 287-firm cluster. Here's the data.

3 July 2026 · Dataset