# Funds deploying now: who is writing cheques

> Firms we have watched write cheques in the last twelve months: how many, which way their pace is heading, and how fresh the fund behind them is.

Source: https://millionrounds.com/deploying (Millionrounds; every figure on the page links to its filing or article)

8,714 firms wrote a cheque in the last 12 months · 1,613 also closed a fund in the last 3 years · latest Oct 2026

# Who is *deploying*, and how fast

Every cheque here is one we watched: a round announced in the press or reported to a regulator, found and read every night. Not what a firm says about itself; what it did.

## The most active in the last *twelve months*

Firm Type Cheques Pace Latest

[Y Combinator](https://millionrounds.com/fund/y-combinator)

Accelerator

1043

Steady

Oct 2026

[Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)

VC

335

Steady

Oct 2026

[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)

VC

320

Steady

Oct 2026

[General Catalyst](https://millionrounds.com/fund/general-catalyst)

VC

264

Steady

Oct 2026

[Techstars](https://millionrounds.com/fund/techstars)

VC

229

Slowing

Oct 2026

[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital)

VC

215

Steady

Oct 2026

[Gaingels](https://millionrounds.com/fund/gaingels)

Private equity

195

Steady

Oct 2026

[EIC Accelerator](https://millionrounds.com/fund/eic-accelerator)

government

193

Steady

Oct 2026

[Plug and Play](https://millionrounds.com/fund/plug-and-play)

Accelerator

185

Steady

Oct 2026

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners)

VC

181

Steady

Oct 2026

[Khosla Ventures](https://millionrounds.com/fund/khosla-ventures)

VC

164

Steady

Oct 2026

[National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno)

government

164

Steady

Sept 2026

[Founders Fund](https://millionrounds.com/fund/founders-fund)

VC

161

Steady

Oct 2026

[Antler](https://millionrounds.com/fund/antler)

VC

154

Steady

Oct 2026

[Innovate UK](https://millionrounds.com/fund/innovate-uk)

VC

141

Steady

Oct 2026

[Bpifrance](https://millionrounds.com/fund/bpifrance)

government

141

Steady

Oct 2026

[Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners)

VC

138

Steady

Oct 2026

[BoxGroup](https://millionrounds.com/fund/boxgroup)

VC

133

Steady

Oct 2026

[SV Angel](https://millionrounds.com/fund/sv-angel)

VC

128

Steady

Oct 2026

[8VC](https://millionrounds.com/fund/8vc)

VC

127

Steady

Oct 2026

[Accel](https://millionrounds.com/fund/accel)

VC

124

Steady

Oct 2026

[NVIDIA](https://millionrounds.com/fund/nvidia)

Company

124

Accelerating

Oct 2026

[Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2)

Private equity

123

Steady

Sept 2026

[Index Ventures](https://millionrounds.com/fund/index-ventures)

VC

121

Steady

Oct 2026

[RA Capital Management](https://millionrounds.com/fund/ra-capital-management)

Private equity

117

Accelerating

Oct 2026

[FJ Labs](https://millionrounds.com/fund/fj-labs)

VC

112

Steady

Oct 2026

[Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd)

VC

108

Steady

Oct 2026

[Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures)

VC

101

Steady

Oct 2026

[Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation)

VC

98

Steady

Sept 2026

[Insight Partners](https://millionrounds.com/fund/insight-venture-partners)

VC

97

Steady

Oct 2026

[Lux Capital](https://millionrounds.com/fund/lux-capital)

VC

94

Steady

Oct 2026

[Menlo Ventures](https://millionrounds.com/fund/menlo-ventures)

VC

93

Accelerating

Oct 2026

[Mizuho Capital](https://millionrounds.com/fund/mizuho-capital)

VC

92

Steady

Oct 2026

[New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates)

VC

89

Steady

Oct 2026

[Citibank](https://millionrounds.com/fund/citi)

Growth equity

89

Steady

Oct 2026

[Mizuho Corporate Bank](https://millionrounds.com/fund/mizuho-corporate-bank)

VC

88

Accelerating

Oct 2026

[SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2)

investment_bank

88

Steady

Oct 2026

[Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins)

VC

87

Steady

Oct 2026

[B Capital](https://millionrounds.com/fund/b-capital)

VC

87

Steady

Oct 2026

[500 Global](https://millionrounds.com/fund/500-startups)

Angel

87

Steady

Oct 2026

## A new fund, and *cheques going out*

Firms that closed a fund in the last three years and have been investing from it since. A fresh fund is the clearest sign of capital still to deploy. These are the firms early in their spending, not late.

- [**Robinhood Ventures** *fund Oct 2026 · 1 cheque*](https://millionrounds.com/fund/robinhood-ventures)
- [**Vivo Capital** *fund Oct 2026 · 37 cheques*](https://millionrounds.com/fund/vivo-capital)
- [**Apollo** *fund Oct 2026 · 37 cheques*](https://millionrounds.com/fund/apollo-global-management)
- [**Benchmark** *fund Oct 2026 · 36 cheques*](https://millionrounds.com/fund/benchmark)
- [**Shasta Ventures** *fund Oct 2026 · 9 cheques*](https://millionrounds.com/fund/shasta-ventures)
- [**StepStone** *fund Oct 2026 · 3 cheques*](https://millionrounds.com/fund/stepstone)
- [**Bridgepoint** *fund Oct 2026 · 2 cheques*](https://millionrounds.com/fund/bridgepoint-group)
- [**Brookfield** *fund Oct 2026 · 2 cheques*](https://millionrounds.com/fund/brookfield)
- [**Parkway Venture Capital** *fund Oct 2026 · 1 cheque*](https://millionrounds.com/fund/parkway-venture-capital)
- [**Multimodal Ventures** *fund Oct 2026 · 1 cheque*](https://millionrounds.com/fund/multimodal-ventures)
- [**Neuberger Berman** *fund Oct 2026 · 1 cheque*](https://millionrounds.com/fund/neuberger-berman)
- [**General Catalyst** *fund Oct 2026 · 264 cheques*](https://millionrounds.com/fund/general-catalyst)

## How pace is *judged*

Comparing a firm's last twelve months with the twelve before is misleading on its own, because we see more of the market than we did: across every firm, we observed -1% more cheques in the recent year than the year before. Part of that is the market and part is us: we read more sources, and name more of the investors in each round.

So pace here is relative. A firm is **accelerating** when it grew faster than the market as we see it (by half again, and by at least two cheques) and **slowing** by the mirror of that. A firm with fewer than four cheques in two years is marked too few to tell, rather than given a direction it has not earned.

A fund date comes from the firm's own regulatory filing where it has made one. Most firms outside the United States have not, so a blank there means we have not seen a filing, not that there has been no fund.

## Filter every active firm

All 8,714 firms, by type, country, pace and how recently they closed a fund. 598 are growing faster than the market as we see it.

Open the deployment list[Or read the rounds themselves](https://millionrounds.com/rounds) Free. An account is your email and a password.
