We measure ourselves the way our LPs do.
Notable angel outcomes
The relationship does not end at the wire transfer. The discipline that produced the outcome on one side compounds into capital commitment on the other — exited founders putting their realized capital back into the next fund. That feedback loop is the receipt that the GP-founder relationship was real, not transactional, and it is the strongest single LP-credibility signal we can offer.
Capital networks that have validated the portfolio after our entry.
Funds and strategics that have co-invested alongside Callapina, led follow-on rounds, backed subsequent financings, or become strategic capital partners for companies we backed early.
Fund I performance
Fifteen active companies plus one shutdown. Three follow-on rounds led by tier-1 firms. Markup distribution and per-company performance available in the gated track-record PDF.
Value-add receipts
We track customer intros made, follow-on capital sourced, hires placed, and board-quality decisions enabled — per company, per quarter — and share the aggregate with LPs every half-year.
Want the full ledger?
The full Fund I model, per-company markups, and the realized-angel ledger are available on request to qualified LPs.