# Defence Tech investors (2026 list) > 745 defence Tech investors, 92% active in the last 12 months. Led by Y Combinator, Techstars, Sequoia Capital. Ranked by what they funded. Source: https://millionrounds.com/lists/defensetech-investors (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Defence Tech investors Updated 7 November 2026 Firms observed backing a defence Tech company in the last two years, taken from what they funded rather than from what their website says they like. [See all 745 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fdefensetech-investors)The top 25 **745** investors on the list *+24* this week **11,630** cheques in 12 months *-1%* against the market **$20M** median round they joined *+150%* against the market median **92%** wrote a cheque in 12 months **53%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen - 2 [Techstars](https://millionrounds.com/fund/techstars) *Deploying now* VC firm · United States **2,989** **$1.2M** median round **Nov 2026** last seen - 3 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) *Deploying now* VC firm · United States **2,099** **$35M** median round **Nov 2026** last seen - 4 [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) *Deploying now* Government · United States **1,869** **$926K** median round **Sept 2026** last seen - 5 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) *Deploying now* VC firm · United States **1,661** **$27M** median round **Nov 2026** last seen - 6 [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) *Deploying now* VC firm · United States **1,610** **$34M** median round **Oct 2026** last seen - 7 [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) *Deploying now* VC firm · United States **1,598** **$12M** median round **Nov 2026** last seen - 8 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** median round **Nov 2026** last seen - 9 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **1,387** **$27M** median round **Nov 2026** last seen - 10 [SV Angel](https://millionrounds.com/fund/sv-angel) *Deploying now* VC firm · United States **1,349** **$18M** median round **Oct 2026** last seen - 11 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,341** **$32M** median round **Nov 2026** last seen - 12 [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 - 13 [Bpifrance](https://millionrounds.com/fund/bpifrance) *Deploying now* Government · France **1,151** **$4.5M** median round **Oct 2026** last seen - 14 [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) *Deploying now* VC firm · United States **1,128** **$26M** median round **Nov 2026** last seen - 15 [Intel Capital](https://millionrounds.com/fund/intel-capital) *Deploying now* Corporate VC · United States **1,123** **$22M** median round **Oct 2026** last seen - 16 [Founders Fund](https://millionrounds.com/fund/founders-fund) *Deploying now* VC firm · United States **1,122** **$15M** median round **Oct 2026** last seen - 17 [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) *Deploying now* VC firm · United States **1,038** **$30M** median round **Nov 2026** last seen - 18 [Gaingels](https://millionrounds.com/fund/gaingels) *Deploying now* Private equity · United States **1,010** **$8M** median round **Oct 2026** last seen - 19 [MassChallenge](https://millionrounds.com/fund/masschallenge) *Deploying now* Accelerator · United States **984** **$1.8M** median round **Sept 2026** last seen - 20 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen - 21 [Kima Ventures](https://millionrounds.com/fund/kima-ventures) *Deploying now* VC firm · France **859** **$4.2M** median round **Nov 2026** last seen - 22 [FJ Labs](https://millionrounds.com/fund/fj-labs) *Deploying now* VC firm · United States **849** **$11M** median round **Oct 2026** last seen - 23 [First Round Capital](https://millionrounds.com/fund/first-round-capital) *Deploying now* VC firm · United States **807** **$18M** median round **Oct 2026** last seen - 24 [BoxGroup](https://millionrounds.com/fund/boxgroup) *Deploying now* VC firm · United States **773** **$18M** median round **Nov 2026** last seen - 25 [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) *Deploying now* VC firm · United States **740** **$37M** median round **Oct 2026** last seen **720 more on this list** All 745 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%2Fdefensetech-investors) ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Fathom Therapeutics](https://millionrounds.com/company/fathom-therapeutics)** Round *With* [Sutter Hill Ventures](https://millionrounds.com/fund/sutter-hill-ventures) - **6** Nov **[Vensum Power](https://millionrounds.com/company/vensum-power)** Series A · $10M *Led by* [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) - **6** Nov **[Shield AI](https://millionrounds.com/company/shield-ai)** $2B *Led by* [Disruptive](https://millionrounds.com/fund/disruptive) - **6** Nov **[EOS-X Space](https://millionrounds.com/company/eos-x-space)** Other · $120M *Led by* [Global Emerging Markets](https://millionrounds.com/fund/global-emerging-markets) - **6** Nov **[Humble Robotics](https://millionrounds.com/company/humble-robotics)** Series A · $51M *With* [Eclipse](https://millionrounds.com/fund/eclipse) - **6** Nov **[Ocient](https://millionrounds.com/company/ocient)** Series C · $100M *Led by* [Boka Capital](https://millionrounds.com/fund/boka-capital) ## Stages This Year 6,152 rounds - Seed **20%** - Venture **18%** - Series A **17%** - Pre-seed **10%** - Series B **8%** - Other **27%** ## What They Backed Sectors, last 12 months - AI **2,490** - Biotech **423** - Healthcare **376** - Fintech **358** - Big Data & Analytics **327** - Aerospace & Space **252** ## Cheques by Quarter Led Joined 2,920 Q1 25 3,062 Q2 25 3,309 Q3 25 3,485 Q4 25 3,478 Q1 26 3,204 Q2 26 2,725 Q3 26 854 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) ## Reading for founders in government and defence - The Hour of the Predator Giuliano da Empoli · 2025 3.94 from 5,140 ratings on Goodreads Government and defence About the book A chilling assessment of international politics in our time, from an internationally bestselling author whose work has sparked controversy and debate across the worldBlending the author’s personal insight with startling historical comparisons to the days of Machiavelli and the… On AmazonListen on Audible - Written Out of History: The Forgotten Founders Who Fought Big Government Mike Lee · 2017 4.05 from 728 ratings on Goodreads Government and defence Company building About the book Senator Mike Lee tells the story of the Founders whose warnings about the dangers of an all-powerful federal government helped shape our Constitution--but are being ignored today. Today, most Americans are familiar only with the "big names" associated with the Founding -… On AmazonListen on Audible - Unit X: How the Pentagon and Silicon Valley Are Transforming the Future of War Raj M. Shah · 2024 3.82 from 1,608 ratings on Goodreads Government and defence Company building Innovation About the book Shortlisted for the 2024 Financial Times Business Book of the Year “An exceedingly important book!”, General David Petraeus, US Army (Ret.), former Director of the CIA “Essential reading for understanding how technology will change the future of warfare.”, Chris Miller, New York… On AmazonListen on Audible - The Sirens' Call: How Attention Became the World's Most Endangered Resource Christopher L. Hayes · 2025 3.93 from 8,942 ratings on Goodreads Government and defence About the book An Instant #1 New York Times BestsellerFrom the New York Times bestselling author and MSNBC and podcast host, a powerful wide-angle reckoning with how the assault from attention capitalism on our minds and our hearts has reordered our politics and the very fabric of our… On AmazonListen on Audible More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=government). As an Amazon Associate we earn from qualifying purchases. ## Quick answers about defence Tech investors ### Who are the most active defence Tech investors? By cheques observed, the most active are Y Combinator, Techstars, Sequoia Capital, National Science Foundation and Andreessen Horowitz. ### How many defence Tech investors are there? 745 are on record. 92% made an investment in the last 12 months and 53% have led a round. ### Which stages do defence Tech investors back? Of the rounds with a named stage in the last 12 months, mostly Seed (27%) and Series A (23%). ### How big are the rounds defence Tech investors join? The typical (median) round among the leading investors here is $18M. ### Which sectors do defence Tech investors back most? In the last 12 months, mostly AI, Biotech and Healthcare. ### Which defence Tech investors lead the most rounds? Andreessen Horowitz (114 led), Accel (103 led) and General Catalyst (97 led). ### Where are defence Tech investors based? Most of the leading investors here are based in the United States (22 of the top 25); the rest in France and European Union. ### What have defence Tech investors invested in recently? Recent rounds include Fathom Therapeutics (Nov 2026, with Sutter Hill Ventures), Vensum Power (Series A, Nov 2026, with Lifeline Ventures) and Shield AI (Nov 2026, with Disruptive). Built from the rounds we watched, refreshed every night. 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