# Angel groups backing E-commerce (2026 list) > 18 angel groups backing E-commerce, 89% active in the last 12 months. Led by Keiretsu Forum, AngelList, Golden Seeds. Ranked by what they funded. Source: https://millionrounds.com/lists/angel-groups-ecommerce (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Angel groups backing E-commerce Updated 7 November 2026 Angel groups we have observed in an E-commerce round in the last two years. [See all 18 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fangel-groups-ecommerce)The top 18 **18** investors on the list No change this week **84** cheques in 12 months *-32%* against the market **$2.4M** median round they joined *-70%* against the market median **89%** wrote a cheque in 12 months **17%** have led a round ## The Top 18 Ordered by cheques observed, never by anything anyone paid for Deploying now (16) - 1 [Keiretsu Forum](https://millionrounds.com/fund/keiretsu-forum) *Deploying now* Angel network · United States **185** **$1.4M** median round **Sept 2026** last seen - 2 [AngelList](https://millionrounds.com/fund/angellist) *Deploying now* Angel network · United States **168** **$2.5M** median round **Nov 2026** last seen - 3 [Golden Seeds](https://millionrounds.com/fund/golden-seeds) *Deploying now* Angel network · United States **110** **$3.6M** median round **Sept 2026** last seen - 4 [StartEngine](https://millionrounds.com/fund/startengine) *Deploying now* Angel network · United States **97** **$448K** median round **Sept 2026** last seen - 5 [Sprint Venture Capital](https://millionrounds.com/fund/sprint-venture-capital) *Deploying now* Angel network · United States **89** **$2.8M** median round **Mar 2026** last seen - 6 [IrishAngels](https://millionrounds.com/fund/irishangels) *Deploying now* Angel network · United States **78** **$3M** median round **Apr 2026** last seen - 7 [Boston Seed Capital](https://millionrounds.com/fund/boston-seed-capital) *Deploying now* Angel network · United States **75** **$4M** median round **May 2026** last seen - 8 [50 Partners](https://millionrounds.com/fund/50-partners) *Deploying now* Angel network · France **59** **$2.8M** median round **Nov 2026** last seen - 9 [Innovestor](https://millionrounds.com/fund/innovestor) *Deploying now* Angel network · Finland **58** **$2.5M** median round **Oct 2026** last seen - 10 [Club degli Investitori](https://millionrounds.com/fund/club-degli-investitori) *Deploying now* Angel network · Italy **57** **$1.9M** median round **Oct 2026** last seen - 11 [HBAN](https://millionrounds.com/fund/hban) *Deploying now* Angel network · Ireland **48** **$1.7M** median round **Feb 2026** last seen - 12 [Rockies Venture Club](https://millionrounds.com/fund/rockies-venture-club) *Deploying now* Angel network · United States **44** **$1.9M** median round **Oct 2026** last seen - 13 [Sydney Angels](https://millionrounds.com/fund/sydney-angels) *Deploying now* Angel network · Australia **6** **$2.3M** median round **Nov 2025** last seen - 14 [Tremis Capital](https://millionrounds.com/fund/tremis-capital) *Deploying now* Angel network · India **2** **$4M** median round **May 2026** last seen - 15 [HoaQ](https://millionrounds.com/fund/hoaq) quiet Angel network · Ireland **1** **$9M** median round **Aug 2025** last seen - 16 [Perth Angels](https://millionrounds.com/fund/perth-angels) quiet Angel network · Australia **1** **$800K** median round **Feb 2025** last seen - 17 [Southern Angels](https://millionrounds.com/fund/southern-angels) *Deploying now* Angel network · Australia **1** **$2.3M** median round **Nov 2025** last seen - 18 [EstBAN angel investor syndicate](https://millionrounds.com/fund/estban-angel-investor-syndicate) *Deploying now* Angel network **1** **$292K** median round **Aug 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [AngelList](https://millionrounds.com/fund/angellist) - **3** Nov **[AQQI](https://millionrounds.com/company/aqqi)** Seed · $4.5M *With* [50 Partners](https://millionrounds.com/fund/50-partners) - **24** Oct **[Roboze](https://millionrounds.com/company/roboze)** Series A · $10M *With* [Club degli Investitori](https://millionrounds.com/fund/club-degli-investitori) - **19** Oct **[WarpWare](https://millionrounds.com/company/warpware)** Pre-seed · $1.2M *With* [Rockies Venture Club](https://millionrounds.com/fund/rockies-venture-club) - **6** Oct **[KHOY Company](https://millionrounds.com/company/khoy-company)** Growth · $2.3M *With* [Innovestor](https://millionrounds.com/fund/innovestor) - **1** Oct **[AnaCardio](https://millionrounds.com/company/anacardio)** Series B · $71M *With* [Innovestor](https://millionrounds.com/fund/innovestor) ## Stages This Year 83 rounds - Seed **34%** - Venture **17%** - Series A **11%** - Pre-seed **10%** - Other **10%** - Other **19%** ## What They Backed Sectors, last 12 months - AI **21** - Biotech **8** - E-commerce **8** - Healthcare **7** - Advanced Manufacturing **5** - Logistics **5** ## Cheques by Quarter Led Joined 33 Q1 25 33 Q2 25 29 Q3 25 39 Q4 25 31 Q1 26 15 Q2 26 19 Q3 26 6 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms backing AI 4,329](https://millionrounds.com/lists/vc-firms-ai) - [VC firms backing Fintech 1,856](https://millionrounds.com/lists/vc-firms-fintech) - [VC firms backing Big Data & Analytics 1,248](https://millionrounds.com/lists/vc-firms-big-data) - [VC firms backing Biotech 1,207](https://millionrounds.com/lists/vc-firms-biotech) - [VC firms backing Robotics 1,098](https://millionrounds.com/lists/vc-firms-robotics) - [VC firms backing Construction 1,025](https://millionrounds.com/lists/vc-firms-construction) - [VC firms backing Energy 998](https://millionrounds.com/lists/vc-firms-energy) - [PE firms backing AI 956](https://millionrounds.com/lists/pe-firms-ai) - [VC firms backing Cybersecurity 950](https://millionrounds.com/lists/vc-firms-cybersecurity) [All investor lists *→*](https://millionrounds.com/lists) ## Reading for founders in e-commerce and consumer brands - Product Research 101: Find Winning Products to Sell on Amazon and Beyond Renae Clark · 2015 4.20 from 304 ratings on Goodreads E-commerce and consumer brands About the book Just getting started with product research and sourcing? Stuck trying to find ideas or find that “perfect” winning product? Want to find good selling products that others are ignoring? Interested in wholesale or private label products? If you answered yes, then this book is for… On AmazonListen on Audible - You Must Write a Book: Boost Your Brand, Get More Business, and Become the Go-To Expert Honoree Corder · 2016 4.21 from 280 ratings on Goodreads E-commerce and consumer brands About the book Honorée Corder is the author of dozens of books, she does all sorts of other magical things, and her badassery is legendary. She is Hal Elrod's business partner and co-creator of The Miracle Morning book series, and she coaches high profile professionals, guiding them into some… On AmazonListen on Audible - The Everything Store: Jeff Bezos and the Age of Amazon Brad Stone · 2013 4.13 from 78,706 ratings on Goodreads E-commerce and consumer brands About the book The definitive story of Amazon.com, one of the most successful companies in the world, and of its driven, brilliant founder, Jeff Bezos. Amazon.com started off delivering books through the mail. But its visionary founder, Jeff Bezos, wasn't content with being a bookseller. He… On AmazonListen on Audible - The Everything War: Amazon’s Ruthless Quest to Own the World and Remake Corporate Power Dana Mattioli · 2024 4.12 from 1,461 ratings on Goodreads E-commerce and consumer brands About the book From veteran Amazon reporter for The Wall Street Journal, and finalist for the Pulitzer Prize in investigative reporting, Dana Mattioli's The Everything War is the shocking, explosive, and untold exposé of Amazon's endless strategic greed, from destroying Main Street to remaking… On AmazonListen on Audible More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&model=ecommerce). As an Amazon Associate we earn from qualifying purchases. ## Quick answers about angel groups backing E-commerce ### Who are the most active angel groups backing E-commerce? By cheques observed, the most active are Keiretsu Forum, AngelList, Golden Seeds, StartEngine and Sprint Venture Capital. ### How many angel groups backing E-commerce are there? 18 are on record. 89% made an investment in the last 12 months and 17% have led a round. ### Which stages do angel groups backing E-commerce back? Of the rounds with a named stage in the last 12 months, mostly Seed (48%) and Series A (16%). ### How big are the rounds angel groups backing E-commerce join? The typical (median) round among the leading investors here is $2.5M. ### Which sectors do angel groups backing E-commerce back most? In the last 12 months, mostly AI, Biotech and E-commerce. ### Which angel groups backing E-commerce lead the most rounds? IrishAngels (1 led), HBAN (1 led) and Tremis Capital (1 led). ### Where are angel groups backing E-commerce based? Among the most active, most are based in the United States (8), Australia (3) and Ireland (2). ### What have angel groups backing E-commerce invested in recently? Recent rounds include Lazarus AI (Nov 2026, with AngelList), AQQI (Seed, Nov 2026, with 50 Partners) and Roboze (Series A, Oct 2026, with Club degli Investitori). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)