# D2C investors (2026 list) > 84 D2C investors, 96% active in the last 12 months. Led by Accel, Kima Ventures, OrbiMed. Ranked by what they funded. Source: https://millionrounds.com/lists/d2c-investors (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # D2C investors Updated 7 November 2026 Firms observed backing a D2C company in the last two years, taken from what they funded rather than from what their website says they like. [See all 84 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fd2c-investors)The top 25 **84** investors on the list *+17* this week **547** cheques in 12 months *+5%* against the market **$7.9M** median round they joined *-1%* against the market median **96%** wrote a cheque in 12 months **48%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,341** **$32M** median round **Nov 2026** last seen - 2 [Kima Ventures](https://millionrounds.com/fund/kima-ventures) *Deploying now* VC firm · France **859** **$4.2M** median round **Nov 2026** last seen - 3 [OrbiMed](https://millionrounds.com/fund/orbimed) *Deploying now* Private equity · United States **447** **$71M** median round **Oct 2026** last seen - 4 [Blume Ventures](https://millionrounds.com/fund/blume-ventures) *Deploying now* VC firm · India **225** **$5M** median round **Nov 2026** last seen - 5 [Notion Capital](https://millionrounds.com/fund/notion-capital) *Deploying now* VC firm · United Kingdom **202** **$9.2M** median round **Oct 2026** last seen - 6 [iSeed](https://millionrounds.com/fund/iseed) *Deploying now* VC firm · India **118** **$2.6M** median round **Sept 2026** last seen - 7 [StepStone Group](https://millionrounds.com/fund/stepstone-group) *Deploying now* Fund of funds · United States **111** **$60M** median round **Sept 2026** last seen - 8 [Purple](https://millionrounds.com/fund/purple-laurent-ritter-s-fund) *Deploying now* VC firm · France **110** **$3M** median round **Sept 2026** last seen - 9 [Launch Africa](https://millionrounds.com/fund/launch-africa-ventures) *Deploying now* VC firm · Mauritius **96** **$1.1M** median round **Nov 2026** last seen - 10 [3one4 Capital](https://millionrounds.com/fund/3one4-capital) *Deploying now* VC firm · India **92** **$6.2M** median round **Oct 2026** last seen - 11 [9Unicorns](https://millionrounds.com/fund/9unicorns) *Deploying now* VC firm · India **91** **$4.4M** median round **Oct 2026** last seen - 12 [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) *Deploying now* Growth equity · Sri Lanka **87** **$75M** median round **Sept 2026** last seen - 13 [LAUNCH](https://millionrounds.com/fund/launch) *Deploying now* Accelerator · United States **82** **$5M** median round **Oct 2026** last seen - 14 [India Quotient](https://millionrounds.com/fund/indiaquotient) *Deploying now* VC firm · India **79** **$4M** median round **Nov 2026** last seen - 15 [Motier Ventures](https://millionrounds.com/fund/motier-ventures) *Deploying now* Family office · France **48** **$5.2M** median round **Oct 2026** last seen - 16 [Fireside Ventures](https://millionrounds.com/fund/fireside-ventures) *Deploying now* VC firm · India **33** **$6M** median round **Oct 2026** last seen - 17 [Saama Capital](https://millionrounds.com/fund/saama-capital) *Deploying now* VC firm · India **28** **$2.5M** median round **Nov 2026** last seen - 18 [DSG Consumer Partners](https://millionrounds.com/fund/dsg-consumer-partners) *Deploying now* VC firm · Singapore **26** **$3.4M** median round **Nov 2026** last seen - 19 [Bertelsmann India Investments](https://millionrounds.com/fund/bertelsmann-india-investments) *Deploying now* Corporate VC · India **17** **$27M** median round **Oct 2026** last seen - 20 [Anicut Capital](https://millionrounds.com/fund/anicut-capital) *Deploying now* VC firm · India **8** **$13M** median round **Oct 2026** last seen - 21 [Cool Japan Fund](https://millionrounds.com/fund/cool-japan-fund) *Deploying now* Government · Japan **8** **$17M** median round **Apr 2026** last seen - 22 [Vertex Growth Fund](https://millionrounds.com/fund/vertex-growth-fund) *Deploying now* VC firm · Singapore **7** **$49M** median round **Oct 2026** last seen - 23 [Beltone Venture Capital](https://millionrounds.com/fund/beltone-venture-capital) *Deploying now* VC firm **7** **$9M** median round **Jul 2026** last seen - 24 [Shearwater Capital](https://millionrounds.com/fund/shearwater-capital) *Deploying now* VC firm · Australia **5** **$23M** median round **Apr 2026** last seen - 25 [Sixth Sense Ventures](https://millionrounds.com/fund/sixth-sense-ventures) *Deploying now* VC firm · India **5** **$8.3M** median round **Nov 2026** last seen **59 more on this list** All 84 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%2Fd2c-investors) ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Water Ledger Global](https://millionrounds.com/company/water-ledger-global)** Other *With* [Launch Africa](https://millionrounds.com/fund/launch-africa-ventures) - **6** Nov **[Thinking Machines Lab](https://millionrounds.com/company/thinking-machines-lab)** Other · $5B *Led by* [Accel](https://millionrounds.com/fund/accel) - **3** Nov **[Nuuk](https://millionrounds.com/company/nuuk)** $10M *Led by* [RPSG Capital Ventures](https://millionrounds.com/fund/rpsg-capital-ventures) - **3** Nov **[AQQI](https://millionrounds.com/company/aqqi)** Seed · $4.5M *With* [Kima Ventures](https://millionrounds.com/fund/kima-ventures) - **3** Nov **[Solgram](https://millionrounds.com/company/solgram)** Pre-seed · $1M *Led by* [Saama Capital](https://millionrounds.com/fund/saama-capital) - **3** Nov **[Armatrix](https://millionrounds.com/company/armatrix)** Seed · $7.1M *With* [Roman Saini](https://millionrounds.com/fund/roman-saini) ## Stages This Year 462 rounds - Seed **23%** - Series A **19%** - Series B **13%** - Other **12%** - Series C **7%** - Other **26%** ## What They Backed Sectors, last 12 months - AI **197** - Healthcare **47** - Biotech **43** - Fintech **29** - Cybersecurity **28** - Robotics **23** ## Cheques by Quarter Led Joined 115 Q1 25 132 Q2 25 159 Q3 25 148 Q4 25 161 Q1 26 109 Q2 26 113 Q3 26 113 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI investors 7,040](https://millionrounds.com/lists/ai-investors) - [Fintech investors 2,997](https://millionrounds.com/lists/fintech-investors) - [Big Data & Analytics investors 1,954](https://millionrounds.com/lists/big-data-investors) - [Biotech investors 1,901](https://millionrounds.com/lists/biotech-investors) - [Robotics investors 1,714](https://millionrounds.com/lists/robotics-investors) - [Energy investors 1,707](https://millionrounds.com/lists/energy-investors) - [Construction investors 1,609](https://millionrounds.com/lists/construction-investors) - [Manufacturing investors 1,385](https://millionrounds.com/lists/manufacturing-investors) - [Cybersecurity investors 1,380](https://millionrounds.com/lists/cybersecurity-investors) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about D2C investors ### Who are the most active D2C investors? By cheques observed, the most active are Accel, Kima Ventures, OrbiMed, Blume Ventures and Notion Capital. ### How many D2C investors are there? 84 are on record. 96% made an investment in the last 12 months and 48% have led a round. ### Which stages do D2C investors back? Of the rounds with a named stage in the last 12 months, mostly Seed (29%) and Series A (24%). ### How big are the rounds D2C investors join? The typical (median) round among the leading investors here is $6.2M. ### Which sectors do D2C investors back most? In the last 12 months, mostly AI, Healthcare and Biotech. ### Which D2C investors lead the most rounds? Accel (103 led), Blume Ventures (10 led) and Notion Capital (10 led). ### Where are D2C investors based? Among the most active, most are based in India (10), the United States (4) and France (3). ### What have D2C investors invested in recently? Recent rounds include Water Ledger Global (Other, Nov 2026, with Launch Africa), Thinking Machines Lab (Other, Nov 2026, with Accel) and Nuuk (Nov 2026, with RPSG Capital Ventures). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)