# Aviation lead investors (2026 list)

> 23 aviation lead investors, 96% active in the last 12 months. Led by Khosla Ventures, Spark Capital, Kaszek Ventures. Ranked by what they funded.

Source: https://millionrounds.com/lists/aviation-lead-investors (Millionrounds; every figure on the page links to its filing or article)

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

# Aviation lead investors

Updated 7 November 2026

Firms we have watched lead a round raised by an aviation company in the last two years. Leading is rarer than taking part, and it is the role a founder most needs filled.

[See all 23 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Faviation-lead-investors)The top 23

**23** investors on the list *+3* this week

**351** cheques in 12 months *+8%* against the market

**$20M** median round they joined *+144%* against the market median

**96%** wrote a cheque in 12 months

**100%** have led a round

## The Top 23

Ordered by cheques observed, never by anything anyone paid for

Deploying now (22)

- 1 [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) *Deploying now* VC firm · United States **1,128** **$26M** median round **Nov 2026** last seen
- 2 [Spark Capital](https://millionrounds.com/fund/spark-capital) *Deploying now* VC firm · United States **471** **$40M** median round **Oct 2026** last seen
- 3 [Kaszek Ventures](https://millionrounds.com/fund/kaszek) *Deploying now* VC firm · Brazil **155** **$20M** median round **Oct 2026** last seen
- 4 [Elevation Capital](https://millionrounds.com/fund/elevation-capital-2) *Deploying now* VC firm · Canada **128** **$10M** median round **Oct 2026** last seen
- 5 [L Catterton](https://millionrounds.com/fund/l-catterton) *Deploying now* Private equity · United States **110** **$34M** median round **Oct 2026** last seen
- 6 [TQ Ventures](https://millionrounds.com/fund/tq-ventures) *Deploying now* VC firm · United States **97** **$14M** median round **Sept 2026** last seen
- 7 [Geodesic Capital](https://millionrounds.com/fund/geodesic-capital) *Deploying now* VC firm · United States **60** **$75M** median round **Oct 2026** last seen
- 8 [Shield Capital](https://millionrounds.com/fund/shield-capital) *Deploying now* VC firm · United States **47** **$25M** median round **Oct 2026** last seen
- 9 [SHIFT Invest](https://millionrounds.com/fund/shift-invest) *Deploying now* VC firm · Netherlands **38** **$5M** median round **Nov 2026** last seen
- 10 [Invest-NL](https://millionrounds.com/fund/invest-nl) *Deploying now* Private equity · Netherlands **16** **$35M** median round **Nov 2026** last seen
- 11 [Virescent Ventures](https://millionrounds.com/fund/virescent-ventures) *Deploying now* VC firm · Australia **9** **$11M** median round **Nov 2026** last seen
- 12 [Speciale Invest](https://millionrounds.com/fund/speciale-invest) *Deploying now* VC firm · India **7** **$7.7M** median round **Nov 2026** last seen
- 13 [ff VC](https://millionrounds.com/fund/ffvc) *Deploying now* VC firm **6** **$5.3M** median round **Feb 2026** last seen
- 14 [Nimble Partners](https://millionrounds.com/fund/nimble-partners) *Deploying now* VC firm · United States **5** **$160M** median round **Oct 2026** last seen
- 15 [Antares Ventures](https://millionrounds.com/fund/antares-ventures) quiet VC firm · Singapore **3** **$8.2M** median round **Sept 2025** last seen
- 16 [Bison Ventures](https://millionrounds.com/fund/bison-ventures-2) *Deploying now* Private equity · United States **2** **$16M** median round **Jul 2026** last seen
- 17 [Catalyst Romania](https://millionrounds.com/fund/catalyst-romania) *Deploying now* Private equity · Romania **2** **$4M** median round **Jun 2026** last seen
- 18 [EDGE group](https://millionrounds.com/fund/edge-group) *Deploying now* Corporate VC · United Arab Emirates **2** **$30M** median round **Oct 2026** last seen
- 19 [HICO](https://millionrounds.com/fund/hico) *Deploying now* Private equity · Singapore **2** **$93M** median round **Oct 2026** last seen
- 20 [AIP Capital](https://millionrounds.com/fund/aip-capital) *Deploying now* Investment firm · Spain **1** **$228M** median round **Nov 2026** last seen
- 21 [Autopilot Ventures](https://millionrounds.com/fund/autopilot-ventures) *Deploying now* VC firm · United States **1** **$300M** median round **Feb 2026** last seen
- 22 [Investa Partners](https://millionrounds.com/fund/investa-partners) *Deploying now* Growth equity · Switzerland **1** **$11M** median round **Oct 2026** last seen
- 23 [Catalyst Romania Fund II](https://millionrounds.com/fund/catalyst-romania-fund-ii) *Deploying now* VC firm **1** **$3.4M** median round **Jun 2026** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[i14](https://millionrounds.com/company/i14)** Seed · $6.3M *With* [Virescent Ventures](https://millionrounds.com/fund/virescent-ventures)
- **5** Nov **[Breeze Airways](https://millionrounds.com/company/breeze-airways)** Debt · $228M *Led by* [AIP Capital](https://millionrounds.com/fund/aip-capital)
- **5** Nov **[Venomics AI](https://millionrounds.com/company/venomics-ai)** Pre-seed · $2.7M *Led by* [Speciale Invest](https://millionrounds.com/fund/speciale-invest)
- **5** Nov **[VÆRIDION](https://millionrounds.com/company/v-ridion)** Series A · $34M *Led by* [Invest-NL](https://millionrounds.com/fund/invest-nl)
- **3** Nov **[Traversal](https://millionrounds.com/company/traversal)** Series B · $120M *Led by* [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures)
- **31** Oct **[upliance.ai](https://millionrounds.com/company/upliance-ai)** Series A *With* [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures)

## Stages This Year

339 rounds

- Series A **22%**
- Series B **17%**
- Seed **14%**
- Venture **13%**
- Series C **9%**
- Other **24%**

## What They Backed

Sectors, last 12 months

- AI **180**
- Fintech **31**
- Robotics **19**
- Defence Tech **19**
- Software **18**
- Healthcare **17**

## Cheques by Quarter

Led Joined

72 Q1 25

98 Q2 25

88 Q3 25

98 Q4 25

88 Q1 26

95 Q2 26

97 Q3 26

32 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI lead investors 1,723](https://millionrounds.com/lists/ai-lead-investors)
- [Lead investors in United States 1,370](https://millionrounds.com/lists/lead-investors-in-united-states)
- [Seed lead investors 1,091](https://millionrounds.com/lists/seed-lead-investors)
- [Series A lead investors 920](https://millionrounds.com/lists/series-a-lead-investors)
- [Fintech lead investors 763](https://millionrounds.com/lists/fintech-lead-investors)
- [Series B lead investors 579](https://millionrounds.com/lists/series-b-lead-investors)
- [Growth lead investors 555](https://millionrounds.com/lists/growth-lead-investors)
- [Robotics lead investors 397](https://millionrounds.com/lists/robotics-lead-investors)
- [Pre-seed lead investors 396](https://millionrounds.com/lists/pre-seed-lead-investors)

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

## Quick answers about aviation lead investors

### Who are the most active aviation lead investors?

By cheques observed, the most active are Khosla Ventures, Spark Capital, Kaszek Ventures, Elevation Capital and L Catterton.

### How many aviation lead investors are there?

23 are on record. 96% made an investment in the last 12 months and 100% have led a round.

### Which stages do aviation lead investors back?

Of the rounds with a named stage in the last 12 months, mostly Series A (28%) and Series B (22%).

### How big are the rounds aviation lead investors join?

The typical (median) round among the leading investors here is $20M.

### Which sectors do aviation lead investors back most?

In the last 12 months, mostly AI, Fintech and Robotics.

### Which aviation lead investors lead the most rounds?

Khosla Ventures (57 led), Spark Capital (26 led) and Kaszek Ventures (16 led).

### Where are aviation lead investors based?

Among the most active, most are based in the United States (9), the Netherlands (2) and Singapore (2).

### What have aviation lead investors invested in recently?

Recent rounds include i14 (Seed, Nov 2026, with Virescent Ventures), Breeze Airways (Debt, Nov 2026, with AIP Capital) and Venomics AI (Pre-seed, Nov 2026, with Speciale Invest).

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