# B2C lead investors (2026 list) > 68 B2C lead investors, 93% active in the last 12 months. Led by Andreessen Horowitz, General Catalyst, Lightspeed Venture Partners. Ranked by what they funded. Source: https://millionrounds.com/lists/b2c-lead-investors (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # B2C lead investors Updated 7 November 2026 Firms we have watched lead a round raised by a B2C company in the last two years. Leading is rarer than taking part, and it is the role a founder most needs filled. [See all 68 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fb2c-lead-investors)The top 25 **68** investors on the list *+1* this week **1,326** cheques in 12 months *+11%* against the market **$11M** median round they joined *+39%* against the market median **93%** 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 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) *Deploying now* VC firm · United States **1,661** **$27M** median round **Nov 2026** last seen - 2 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **1,387** **$27M** median round **Nov 2026** last seen - 3 [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 - 4 [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) *Deploying now* VC firm · United States **407** **$17M** median round **Nov 2026** last seen - 5 [Balderton Capital](https://millionrounds.com/fund/balderton-capital) *Deploying now* VC firm · United Kingdom **368** **$30M** median round **Oct 2026** last seen - 6 [Fidelity](https://millionrounds.com/fund/fidelity) *Deploying now* VC firm · United States **360** **$119M** median round **Nov 2026** last seen - 7 [IVP](https://millionrounds.com/fund/ivp) *Deploying now* VC firm · United States **287** **$100M** median round **Oct 2026** last seen - 8 [Forerunner Ventures](https://millionrounds.com/fund/forerunner-ventures) *Deploying now* VC firm · United States **225** **$20M** median round **Oct 2026** last seen - 9 [NFX](https://millionrounds.com/fund/nfx) *Deploying now* VC firm · United States **191** **$10M** median round **Sept 2026** last seen - 10 [Inflection Point Ventures](https://millionrounds.com/fund/inflection-point-ventures) *Deploying now* VC firm · United States **181** **$1M** median round **Oct 2026** last seen - 11 [BEENEXT](https://millionrounds.com/fund/beenext) *Deploying now* VC firm · Singapore **161** **$6.1M** median round **Oct 2026** last seen - 12 [Bond](https://millionrounds.com/fund/bond) *Deploying now* Growth equity · United States **154** **$47M** median round **Sept 2026** last seen - 13 [Airtree Ventures](https://millionrounds.com/fund/airtree) *Deploying now* VC firm · Australia **138** **$12M** median round **Oct 2026** last seen - 14 [XYZ Venture Capital](https://millionrounds.com/fund/xyz-venture-capital) *Deploying now* VC firm · United States **106** **$15M** median round **Oct 2026** last seen - 15 [Left Lane Capital](https://millionrounds.com/fund/left-lane-capital) *Deploying now* VC firm · United States **102** **$25M** median round **Oct 2026** last seen - 16 [Thrive Capital](https://millionrounds.com/fund/thrive-capital) *Deploying now* Accelerator · United States **101** **$123M** median round **Sept 2026** last seen - 17 [Daphni](https://millionrounds.com/fund/daphni) *Deploying now* VC firm · France **92** **$8.3M** median round **Oct 2026** last seen - 18 [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) *Deploying now* Growth equity · Sri Lanka **87** **$75M** median round **Sept 2026** last seen - 19 [Launch NY](https://millionrounds.com/fund/launch-ny) *Deploying now* VC firm · United States **74** **$543K** median round **Oct 2026** last seen - 20 [Prosus Ventures](https://millionrounds.com/fund/prosus-ventures) *Deploying now* VC firm · Netherlands **72** **$18M** median round **Oct 2026** last seen - 21 [Astanor Ventures](https://millionrounds.com/fund/astanor-ventures) *Deploying now* VC firm · Belgium **47** **$10M** median round **Oct 2026** last seen - 22 [Victory Park Capital Advisors](https://millionrounds.com/fund/victory-park-capital) *Deploying now* Private equity · United States **38** **$100M** median round **Nov 2026** last seen - 23 [GreenSky Ventures](https://millionrounds.com/fund/greensky-ventures) *Deploying now* VC firm · Canada **35** **$2M** median round **Oct 2026** last seen - 24 [BDC Capital](https://millionrounds.com/fund/bdc-capital) *Deploying now* Private credit · United States **31** **$4.2M** median round **Sept 2026** last seen - 25 [Saama Capital](https://millionrounds.com/fund/saama-capital) *Deploying now* VC firm · India **28** **$2.5M** median round **Nov 2026** last seen **43 more on this list** All 68 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%2Fb2c-lead-investors) ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Harbinger](https://millionrounds.com/company/harbinger)** Series D+ · $240M *With* [Fidelity](https://millionrounds.com/fund/fidelity) - **5** Nov **[Billd](https://millionrounds.com/company/billd)** Debt · $100M *Led by* [Victory Park Capital Advisors](https://millionrounds.com/fund/victory-park-capital) - **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *With* [Fidelity](https://millionrounds.com/fund/fidelity) - **4** Nov **[Enza](https://millionrounds.com/company/enza)** Seed · $6M *With* [Algebra Ventures](https://millionrounds.com/fund/algebra-ventures) - **4** Nov **[Nooks](https://millionrounds.com/company/nooks)** Growth · $500M *Led by* [General Catalyst](https://millionrounds.com/fund/general-catalyst) - **4** Nov **[Phaze Inc.](https://millionrounds.com/company/phaze-inc)** Seed · $8.8M *Led by* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) ## Stages This Year 1,133 rounds - Series A **19%** - Seed **17%** - Series B **12%** - Venture **11%** - Series C **8%** - Other **33%** ## What They Backed Sectors, last 12 months - AI **567** - Fintech **110** - Healthcare **78** - Big Data & Analytics **65** - Robotics **61** - B2C **58** ## Cheques by Quarter Led Joined 282 Q1 25 295 Q2 25 343 Q3 25 408 Q4 25 383 Q1 26 346 Q2 26 274 Q3 26 161 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 B2C lead investors ### Who are the most active B2C lead investors? By cheques observed, the most active are Andreessen Horowitz, General Catalyst, Lightspeed Venture Partners, Union Square Ventures and Balderton Capital. ### How many B2C lead investors are there? 68 are on record. 93% made an investment in the last 12 months and 100% have led a round. ### Which stages do B2C lead investors back? Of the rounds with a named stage in the last 12 months, mostly Series A (24%) and Seed (22%). ### How big are the rounds B2C lead investors join? The typical (median) round among the leading investors here is $18M. ### Which sectors do B2C lead investors back most? In the last 12 months, mostly AI, Fintech and Healthcare. ### Which B2C lead investors lead the most rounds? Andreessen Horowitz (114 led), General Catalyst (97 led) and Lightspeed Venture Partners (83 led). ### Where are B2C lead investors based? Among the most active, most are based in the United States (16), the United Kingdom (1) and Singapore (1). ### What have B2C lead investors invested in recently? Recent rounds include Harbinger (Series D+, Nov 2026, with Fidelity), Billd (Debt, Nov 2026, with Victory Park Capital Advisors) and Zipline (Growth, Nov 2026, with Fidelity). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)