# Asset managers at early stage (2026 list)

> 11 asset managers at early stage, 100% active in the last 12 months. Led by BlackRock, Perceptive Advisors, Artesian VC. Ranked by what they funded.

Source: https://millionrounds.com/lists/asset-managers-at-early-stage (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Asset managers at early stage

Updated 7 November 2026

Asset managers we have watched take part in an early stage round in the last two years.

[See all 11 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fasset-managers-at-early-stage)The top 11

**11** investors on the list No change this week

**196** cheques in 12 months *+25%* against the market

**$18M** median round they joined *+126%* against the market median

**100%** wrote a cheque in 12 months

**45%** have led a round

## The Top 11

Ordered by cheques observed, never by anything anyone paid for

Deploying now (11)

- 1 [BlackRock](https://millionrounds.com/fund/blackrock) *Deploying now* Asset manager · United States **296** **$130M** median round **Nov 2026** last seen
- 2 [Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors) *Deploying now* Asset manager · United States **206** **$100M** median round **Oct 2026** last seen
- 3 [Artesian VC](https://millionrounds.com/fund/artesian) *Deploying now* Asset manager · Australia **201** **$2M** median round **Oct 2026** last seen
- 4 [Triple Point Ventures](https://millionrounds.com/fund/triple-point) *Deploying now* Asset manager · United Kingdom **78** **$6.5M** median round **Sept 2026** last seen
- 5 [Tuesday Capital](https://millionrounds.com/fund/tuesday-capital) *Deploying now* Asset manager · Brazil **67** **$4.6M** median round **Apr 2026** last seen
- 6 [Swen Capital Partners](https://millionrounds.com/fund/swen-capital-partners) *Deploying now* Asset manager · France **62** **$12M** median round **Jul 2026** last seen
- 7 [Blue Owl](https://millionrounds.com/fund/blue-owl) *Deploying now* Asset manager · United States **59** **$189M** median round **Oct 2026** last seen
- 8 [Further Ventures](https://millionrounds.com/fund/further-ventures) *Deploying now* Asset manager · United Arab Emirates **4** **$32M** median round **Aug 2026** last seen
- 9 [Boardman Bay Capital Management](https://millionrounds.com/fund/boardman-bay-capital-management) *Deploying now* Asset manager · United States **3** **$100M** median round **May 2026** last seen
- 10 [Arkin Capital](https://millionrounds.com/fund/arkin-capital) *Deploying now* Asset manager · United States **2** **$18M** median round **Jun 2026** last seen
- 11 [Arcano](https://millionrounds.com/fund/arcano) *Deploying now* Asset manager · Spain **1** **$13M** median round **Sept 2026** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **4** Nov **[Titan OS](https://millionrounds.com/company/titan-os)** Other · $46M *With* [BlackRock](https://millionrounds.com/fund/blackrock)
- **23** Oct **[Coherence Neuro](https://millionrounds.com/company/coherence-neuro)** Series A · $45M *With* [Artesian VC](https://millionrounds.com/fund/artesian)
- **14** Oct **[Icon](https://millionrounds.com/company/icon)** Series D+ · $200M *Led by* [BlackRock](https://millionrounds.com/fund/blackrock)
- **13** Oct **[Alaunos Therapeutics](https://millionrounds.com/company/alaunos-therapeutics)** Other · $350M *With* [Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors)
- **8** Oct **[Waymo](https://millionrounds.com/company/waymo)** Debt · $5B *With* [Blue Owl](https://millionrounds.com/fund/blue-owl)
- **30** Sept **[TXSE Group](https://millionrounds.com/company/txse-group)** Other · $155M *With* [BlackRock](https://millionrounds.com/fund/blackrock)

## Stages This Year

192 rounds

- Other **27%**
- Debt **20%**
- Venture **10%**
- Growth **7%**
- Seed **7%**
- Other **30%**

## What They Backed

Sectors, last 12 months

- Biotech **47**
- AI **44**
- Pharma **13**
- Healthcare **12**
- Financial Services **12**
- Fintech **12**

## Cheques by Quarter

Led Joined

29 Q1 25

31 Q2 25

48 Q3 25

64 Q4 25

68 Q1 26

57 Q2 26

47 Q3 26

5 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [VC firms at early stage 6,133](https://millionrounds.com/lists/vc-firms-at-early-stage)
- [VC firms at seed 3,708](https://millionrounds.com/lists/vc-firms-at-seed)
- [VC firms at Series A 3,249](https://millionrounds.com/lists/vc-firms-at-series-a)
- [VC firms at pre-seed 1,689](https://millionrounds.com/lists/vc-firms-at-pre-seed)
- [VC firms at Series B 1,595](https://millionrounds.com/lists/vc-firms-at-series-b)
- [VC firms at growth 1,005](https://millionrounds.com/lists/vc-firms-at-growth)
- [VC firms at Series C 958](https://millionrounds.com/lists/vc-firms-at-series-c)
- [PE firms at growth 772](https://millionrounds.com/lists/pe-firms-at-growth)
- [PE firms at Series B 700](https://millionrounds.com/lists/pe-firms-at-series-b)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders at seed

- The Elements of User Experience: User-Centered Design for the Web Jesse James Garrett · 2002 4.01 from 4,134 ratings on Goodreads Finding product-market fit Company building About the book Smart organizations recognize that Web design is more than just creating clean code and sharp graphics. A site that really works fulfills your strategic objectives while meeting the needs of your users. Even the best content and the most sophisticated technology won't help you… On AmazonListen on Audible
- Get Backed: Craft Your Story, Build the Perfect Pitch Deck, and Launch the Venture of Your Dreams Evan Baehr · 2015 4.36 from 356 ratings on Goodreads Raising money Company building About the book HOW DO YOU LAUNCH THE VENTURE OF YOUR DREAMS? Get Backed isn’t just about startup fundraising. It’s a handbook for anyone who has an idea and needs to build relationships to get it off the ground. Over the last 3 years, entrepreneurs Evan Loomis and Evan Baehr have… On AmazonListen on Audible
- Selling the Invisible: A Field Guide to Modern Marketing Harry Beckwith · 1997 3.94 from 10,059 ratings on Goodreads Marketing and growth First sales Company building About the book You can't touch, hear, or see your company's most important products... So how do you sell, develop, make them grow? That's the problem with services. This "phenomenal" book, as one reviewer called it, answers that question with insights on how markets work and how prospects… On AmazonListen on Audible
- 80/20 Sales and Marketing: The Definitive Guide to Working Less and Making More Perry Marshall · 2013 4.19 from 1,904 ratings on Goodreads First sales Marketing and growth Company building About the book Stop "Just Getting By"... Master The 80/20 Principle And Make More Money Without More Work. When you know how to walk into any situation and see the 80/20's, you can solve almost ANY marketing problem. 80/20 can demolish any sales and advertising problem. "If you don't know… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&stage=seed).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about asset managers at early stage

### Who are the most active asset managers at early stage?

By cheques observed, the most active are BlackRock, Perceptive Advisors, Artesian VC, Triple Point Ventures and Tuesday Capital.

### How many asset managers at early stage are there?

11 are on record. 100% made an investment in the last 12 months and 45% have led a round.

### Which stages do asset managers at early stage back?

Of the rounds with a named stage in the last 12 months, mostly Debt (33%) and Growth (11%).

### How big are the rounds asset managers at early stage join?

The typical (median) round among the leading investors here is $18M.

### Which sectors do asset managers at early stage back most?

In the last 12 months, mostly Biotech, AI and Pharma.

### Which asset managers at early stage lead the most rounds?

Perceptive Advisors (8 led), BlackRock (6 led) and Blue Owl (2 led).

### Where are asset managers at early stage based?

Among the most active, most are based in the United States (5), Australia (1) and the United Kingdom (1).

### What have asset managers at early stage invested in recently?

Recent rounds include Titan OS (Other, Nov 2026, with BlackRock), Coherence Neuro (Series A, Oct 2026, with Artesian VC) and Icon (Series D+, Oct 2026, with BlackRock).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)
