# Corporate VCs backing Regtech (2026 list)

> 25 corporate VCs backing Regtech, 96% active in the last 12 months. Led by Google Ventures, Salesforce Ventures, Coinbase Ventures. Ranked by what they funded.

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

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

# Corporate VCs backing Regtech

Updated 7 November 2026

Corporate VCs we have observed in a regtech round in the last two years.

[See all 25 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcorporate-vcs-regtech)The top 25

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

**476** cheques in 12 months *+13%* against the market

**$30M** median round they joined *+275%* against the market median

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

**44%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (24)

- 1 [Google Ventures](https://millionrounds.com/fund/gv) *Deploying now* Corporate VC · United States **884** **$38M** median round **Oct 2026** last seen
- 2 [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) *Deploying now* Corporate VC · United States **649** **$26M** median round **Nov 2026** last seen
- 3 [Coinbase Ventures](https://millionrounds.com/fund/coinbase) *Deploying now* Corporate VC · United States **465** **$9.8M** median round **Nov 2026** last seen
- 4 [Deutsche Bank](https://millionrounds.com/fund/deutsche-bank) *Deploying now* Corporate VC · Germany **144** **$175M** median round **Nov 2026** last seen
- 5 [M Ventures](https://millionrounds.com/fund/m-ventures) *Deploying now* Corporate VC · Switzerland **143** **$15M** median round **Sept 2026** last seen
- 6 [Cisco Investments](https://millionrounds.com/fund/cisco-investments) *Deploying now* Corporate VC · United States **128** **$30M** median round **Oct 2026** last seen
- 7 [SE Ventures](https://millionrounds.com/fund/se-ventures) *Deploying now* Corporate VC · United States **112** **$16M** median round **Oct 2026** last seen
- 8 [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund) *Deploying now* Corporate VC · United Kingdom **105** **$6.3M** median round **Nov 2026** last seen
- 9 [OKX Ventures](https://millionrounds.com/fund/okx-ventures) *Deploying now* Corporate VC · Iran **95** **$4M** median round **Dec 2025** last seen
- 10 [KuCoin Labs](https://millionrounds.com/fund/kucoin-labs) *Deploying now* Corporate VC · Seychelles **66** **$4.3M** median round **Mar 2026** last seen
- 11 [Citi Ventures](https://millionrounds.com/fund/citi-ventures) *Deploying now* Corporate VC · United States **65** **$64M** median round **Oct 2026** last seen
- 12 [Hitachi Ventures](https://millionrounds.com/fund/hitachi-ventures) *Deploying now* Corporate VC · Germany **59** **$31M** median round **Oct 2026** last seen
- 13 [ESA](https://millionrounds.com/fund/european-space-agency) *Deploying now* Corporate VC · France **55** **$1.1M** median round **Jul 2026** last seen
- 14 [CapitalG](https://millionrounds.com/fund/capitalg) *Deploying now* Corporate VC · Canada **51** **$213M** median round **Oct 2026** last seen
- 15 [Presidio Ventures](https://millionrounds.com/fund/presidio-ventures) *Deploying now* Corporate VC · United States **49** **$30M** median round **May 2026** last seen
- 16 [ServiceNow](https://millionrounds.com/fund/servicenow) *Deploying now* Corporate VC · United States **14** **$30M** median round **May 2026** last seen
- 17 [Nasdaq Ventures](https://millionrounds.com/fund/nasdaq-ventures) *Deploying now* Corporate VC · United States **11** **$70M** median round **Oct 2026** last seen
- 18 [Okta Ventures](https://millionrounds.com/fund/okta-ventures) *Deploying now* Corporate VC · United States **11** **$22M** median round **Oct 2026** last seen
- 19 [Allianz](https://millionrounds.com/fund/allianz) *Deploying now* Corporate VC · Germany **7** **$120M** median round **Sept 2026** last seen
- 20 [Thomson Reuters Ventures](https://millionrounds.com/fund/thomson-reuters-ventures-2) *Deploying now* Corporate VC · United States **7** **$30M** median round **Aug 2026** last seen
- 21 [Strandview Capital](https://millionrounds.com/fund/strandview-capital) *Deploying now* Corporate VC · United States **4** **$18M** median round **Aug 2026** last seen
- 22 [Vanguard](https://millionrounds.com/fund/vanguard) *Deploying now* Corporate VC · United States **3** **$120M** median round **Jul 2026** last seen
- 23 [Kirkland & Ellis](https://millionrounds.com/fund/kirkland-and-ellis) *Deploying now* Corporate VC · United States **2** **$38M** median round **Oct 2026** last seen
- 24 [Adnexus](https://millionrounds.com/fund/adnexus) *Deploying now* Corporate VC · France **1** **$7.4M** median round **Sept 2026** last seen
- 25 [Chubb](https://millionrounds.com/fund/chubb) quiet Corporate VC · Switzerland **1** **$45M** median round **Sept 2025** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[T-Therapeutics](https://millionrounds.com/company/t-therapeutics)** Series B · $133M *Led by* [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund)
- **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *With* [Coinbase Ventures](https://millionrounds.com/fund/coinbase)
- **5** Nov **[Return](https://millionrounds.com/company/return)** Debt · $936M *With* [Deutsche Bank](https://millionrounds.com/fund/deutsche-bank)
- **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *With* [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures)
- **29** Oct **[Upwind](https://millionrounds.com/company/upwind)** Series C · $400M *With* [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures)
- **28** Oct **[Foundry Robotics](https://millionrounds.com/company/foundry-robotics)** Series A · $100M *With* [SE Ventures](https://millionrounds.com/fund/se-ventures)

## Stages This Year

450 rounds

- Series A **19%**
- Seed **13%**
- Series B **13%**
- Venture **12%**
- Series C **10%**
- Other **32%**

## What They Backed

Sectors, last 12 months

- AI **198**
- Fintech **50**
- Web3 & Crypto **45**
- Big Data & Analytics **35**
- Cloud **26**
- Biotech **25**

## Cheques by Quarter

Led Joined

97 Q1 25

113 Q2 25

121 Q3 25

133 Q4 25

150 Q1 26

130 Q2 26

112 Q3 26

32 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)

## Quick answers about corporate VCs backing Regtech

### Who are the most active corporate VCs backing Regtech?

By cheques observed, the most active are Google Ventures, Salesforce Ventures, Coinbase Ventures, Deutsche Bank and M Ventures.

### How many corporate VCs backing Regtech are there?

25 are on record. 96% made an investment in the last 12 months and 44% have led a round.

### Which stages do corporate VCs backing Regtech back?

Of the rounds with a named stage in the last 12 months, mostly Series A (25%) and Seed (17%).

### How big are the rounds corporate VCs backing Regtech join?

The typical (median) round among the leading investors here is $30M.

### Which sectors do corporate VCs backing Regtech back most?

In the last 12 months, mostly AI, Fintech and Web3 & Crypto.

### Which corporate VCs backing Regtech lead the most rounds?

Google Ventures (33 led), CapitalG (20 led) and Salesforce Ventures (12 led).

### Where are corporate VCs backing Regtech based?

Among the most active, most are based in the United States (14), Germany (3) and Switzerland (2).

### What have corporate VCs backing Regtech invested in recently?

Recent rounds include T-Therapeutics (Series B, Nov 2026, with British Business Bank), Soter Insure (Series B, Nov 2026, with Coinbase Ventures) and Return (Debt, Nov 2026, with Deutsche Bank).

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