# B2B lead investors (2026 list) > 125 B2B lead investors, 90% active in the last 12 months. Led by Sequoia Capital, Andreessen Horowitz, Plug and Play. Ranked by what they funded. Source: https://millionrounds.com/lists/b2b-lead-investors (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # B2B lead investors Updated 7 November 2026 Firms we have watched lead a round raised by a B2B company in the last two years. Leading is rarer than taking part, and it is the role a founder most needs filled. [See all 125 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fb2b-lead-investors)The top 25 **125** investors on the list *+1* this week **2,325** cheques in 12 months *-1%* against the market **$10M** median round they joined *+29%* against the market median **90%** wrote a cheque in 12 months **100%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) *Deploying now* VC firm · United States **2,099** **$35M** median round **Nov 2026** last seen - 2 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) *Deploying now* VC firm · United States **1,661** **$27M** median round **Nov 2026** last seen - 3 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** median round **Nov 2026** last seen - 4 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **1,387** **$27M** median round **Nov 2026** last seen - 5 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,341** **$32M** median round **Nov 2026** last seen - 6 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) *Deploying now* VC firm · United States **1,341** **$35M** median round **Nov 2026** last seen - 7 [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) *Deploying now* VC firm · United States **765** **$40M** median round **Oct 2026** last seen - 8 [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) *Deploying now* VC firm · United States **526** **$4.1M** median round **Sept 2026** last seen - 9 [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) *Deploying now* VC firm · United States **524** **$27M** median round **Nov 2026** last seen - 10 [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) *Deploying now* Private equity · United States **395** **$93M** median round **Nov 2026** last seen - 11 [Foundry Group](https://millionrounds.com/fund/foundry) *Deploying now* VC firm · United States **352** **$15M** median round **Oct 2026** last seen - 12 [QED Investors](https://millionrounds.com/fund/qed-investors) *Deploying now* VC firm · United States **314** **$29M** median round **Oct 2026** last seen - 13 [Headline](https://millionrounds.com/fund/headline) *Deploying now* VC firm · United States **307** **$15M** median round **Oct 2026** last seen - 14 [General Atlantic](https://millionrounds.com/fund/general-atlantic) *Deploying now* Private equity · United States **273** **$127M** median round **Oct 2026** last seen - 15 [Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) *Deploying now* Private equity · United States **260** **$124M** median round **Oct 2026** last seen - 16 [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) *Deploying now* VC firm · United States **205** **$60M** median round **Oct 2026** last seen - 17 [TPG](https://millionrounds.com/fund/tpg) *Deploying now* Private equity · United States **205** **$91M** median round **Nov 2026** last seen - 18 [Seventure Partners](https://millionrounds.com/fund/seventure-partners) *Deploying now* VC firm · France **193** **$9.5M** median round **Sept 2026** last seen - 19 [SignalFire](https://millionrounds.com/fund/signalfire) *Deploying now* VC firm · United States **188** **$16M** median round **Oct 2026** last seen - 20 [Blackbird Ventures](https://millionrounds.com/fund/blackbird-ventures-2) *Deploying now* VC firm · United States **177** **$7M** median round **Oct 2026** last seen - 21 [Streamlined Ventures](https://millionrounds.com/fund/streamlined-ventures) *Deploying now* VC firm · United States **164** **$7.5M** median round **Aug 2026** last seen - 22 [EQT Ventures](https://millionrounds.com/fund/eqt-ventures) *Deploying now* VC firm · Sweden **152** **$20M** median round **Oct 2026** last seen - 23 [Base10 Partners](https://millionrounds.com/fund/base10-partners) *Deploying now* VC firm · United States **137** **$15M** median round **Oct 2026** last seen - 24 [Obvious Ventures](https://millionrounds.com/fund/obvious-ventures) *Deploying now* Accelerator · United States **124** **$20M** median round **Nov 2026** last seen - 25 [Firstminute Capital](https://millionrounds.com/fund/firstminute-capital) *Deploying now* VC firm · United Kingdom **123** **$6.4M** median round **Oct 2026** last seen **100 more on this list** All 125 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fb2b-lead-investors) ## The Newest Cheques Rounds this list's investors joined most recently - **7** Nov **[Arka Fincap](https://millionrounds.com/company/arka-fincap)** Other *Led by* [TPG](https://millionrounds.com/fund/tpg) - **6** Nov **[Banesco Banco Múltiple](https://millionrounds.com/company/banesco-banco-multiple)** Debt · $25M *Led by* [PROPARCO](https://millionrounds.com/fund/proparco) - **6** Nov **[Humble Robotics](https://millionrounds.com/company/humble-robotics)** Series A · $51M *Led by* [Obvious Ventures](https://millionrounds.com/fund/obvious-ventures) - **6** Nov **[Thinking Machines Lab](https://millionrounds.com/company/thinking-machines-lab)** Other · $5B *Led by* [Accel](https://millionrounds.com/fund/accel) - **5** Nov **[Alethio Therapeutics](https://millionrounds.com/company/alethio-therapeutics)** Series A · $90M *Led by* [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) - **5** Nov **[VÆRIDION](https://millionrounds.com/company/v-ridion)** Series A · $34M *With* [Project A Ventures](https://millionrounds.com/fund/project-a) ## Stages This Year 1,864 rounds - Series A **19%** - Seed **17%** - Venture **13%** - Series B **11%** - Other **9%** - Other **31%** ## What They Backed Sectors, last 12 months - AI **892** - Fintech **216** - Biotech **128** - Healthcare **116** - Financial Services **113** - Big Data & Analytics **101** ## Cheques by Quarter Led Joined 562 Q1 25 599 Q2 25 650 Q3 25 698 Q4 25 693 Q1 26 605 Q2 26 562 Q3 26 228 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 B2B lead investors ### Who are the most active B2B lead investors? By cheques observed, the most active are Sequoia Capital, Andreessen Horowitz, Plug and Play, General Catalyst and Accel. ### How many B2B lead investors are there? 125 are on record. 90% made an investment in the last 12 months and 100% have led a round. ### Which stages do B2B lead investors back? Of the rounds with a named stage in the last 12 months, mostly Series A (26%) and Seed (23%). ### How big are the rounds B2B lead investors join? The typical (median) round among the leading investors here is $27M. ### Which sectors do B2B lead investors back most? In the last 12 months, mostly AI, Fintech and Biotech. ### Which B2B lead investors lead the most rounds? Andreessen Horowitz (114 led), Accel (103 led) and General Catalyst (97 led). ### Where are B2B lead investors based? Most of the leading investors here are based in the United States (22 of the top 25); the rest in France and Sweden. ### What have B2B lead investors invested in recently? Recent rounds include Arka Fincap (Other, Nov 2026, with TPG), Banesco Banco Múltiple (Debt, Nov 2026, with PROPARCO) and Humble Robotics (Series A, Nov 2026, with Obvious Ventures). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)