# Defence Tech lead investors (2026 list) > 192 defence Tech lead investors, 96% active in the last 12 months. Led by Sequoia Capital, Andreessen Horowitz, New Enterprise Associates. Source: https://millionrounds.com/lists/defensetech-lead-investors (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Defence Tech lead investors Updated 7 November 2026 Firms we have watched lead a round raised by a defence Tech company in the last two years. Leading is rarer than taking part, and it is the role a founder most needs filled. [See all 192 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fdefensetech-lead-investors)The top 25 **192** investors on the list *+8* this week **3,842** cheques in 12 months *+21%* against the market **$27M** median round they joined *+239%* against the market median **96%** 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 [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 - 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 [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) *Deploying now* VC firm · United States **1,128** **$26M** median round **Nov 2026** last seen - 8 [Founders Fund](https://millionrounds.com/fund/founders-fund) *Deploying now* VC firm · United States **1,122** **$15M** median round **Oct 2026** last seen - 9 [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 - 10 [First Round Capital](https://millionrounds.com/fund/first-round-capital) *Deploying now* VC firm · United States **807** **$18M** median round **Oct 2026** last seen - 11 [Norwest Venture Partners](https://millionrounds.com/fund/norwest) *Deploying now* VC firm · United States **705** **$25M** median round **Oct 2026** last seen - 12 [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) *Deploying now* Corporate VC · United States **649** **$26M** median round **Nov 2026** last seen - 13 [Benchmark](https://millionrounds.com/fund/benchmark) *Deploying now* VC firm · United States **587** **$30M** median round **Oct 2026** last seen - 14 [DFJ](https://millionrounds.com/fund/dfj) *Deploying now* VC firm · United States **526** **$52M** median round **Nov 2026** last seen - 15 [8VC](https://millionrounds.com/fund/8vc) *Deploying now* VC firm · United States **497** **$23M** median round **Oct 2026** last seen - 16 [Lux Capital](https://millionrounds.com/fund/lux-capital) *Deploying now* VC firm · United States **445** **$30M** median round **Nov 2026** last seen - 17 [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) *Deploying now* VC firm · United States **398** **$40M** median round **Nov 2026** last seen - 18 [Draper Associates](https://millionrounds.com/fund/draper-associates) *Deploying now* VC firm · United States **370** **$6M** median round **Nov 2026** last seen - 19 [Balderton Capital](https://millionrounds.com/fund/balderton-capital) *Deploying now* VC firm · United Kingdom **368** **$30M** median round **Oct 2026** last seen - 20 [BlackRock](https://millionrounds.com/fund/blackrock) *Deploying now* Asset manager · United States **296** **$130M** median round **Nov 2026** last seen - 21 [Nexus Venture Partners](https://millionrounds.com/fund/nexus-venture-partners) *Deploying now* VC firm · United States **294** **$13M** median round **Oct 2026** last seen - 22 [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) *Deploying now* Private equity · United States **288** **$56M** median round **Oct 2026** last seen - 23 [Quiet Capital](https://millionrounds.com/fund/quiet-capital) *Deploying now* VC firm · United States **283** **$17M** median round **Oct 2026** last seen - 24 [General Atlantic](https://millionrounds.com/fund/general-atlantic) *Deploying now* Private equity · United States **273** **$127M** median round **Oct 2026** last seen - 25 [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) *Deploying now* Family office **240** **$50M** median round **Oct 2026** last seen **167 more on this list** All 192 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-lead-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 **[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) - **6** Nov **[Thinking Machines Lab](https://millionrounds.com/company/thinking-machines-lab)** Other · $5B *Led by* [Accel](https://millionrounds.com/fund/accel) ## Stages This Year 2,494 rounds - Series A **20%** - Seed **17%** - Venture **13%** - Series B **12%** - Other **8%** - Other **29%** ## What They Backed Sectors, last 12 months - AI **1,178** - Fintech **189** - Big Data & Analytics **161** - Biotech **159** - Defence Tech **149** - Aerospace & Space **140** ## Cheques by Quarter Led Joined 708 Q1 25 855 Q2 25 930 Q3 25 1,027 Q4 25 1,063 Q1 26 1,058 Q2 26 943 Q3 26 362 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 defence Tech lead investors ### Who are the most active defence Tech lead investors? By cheques observed, the most active are Sequoia Capital, Andreessen Horowitz, New Enterprise Associates, General Catalyst and Accel. ### How many defence Tech lead investors are there? 192 are on record. 96% made an investment in the last 12 months and 100% have led a round. ### Which stages do defence Tech lead investors back? Of the rounds with a named stage in the last 12 months, mostly Series A (27%) and Seed (23%). ### How big are the rounds defence Tech lead investors join? The typical (median) round among the leading investors here is $30M. ### Which sectors do defence Tech lead investors back most? In the last 12 months, mostly AI, Fintech and Big Data & Analytics. ### Which defence Tech lead investors lead the most rounds? Andreessen Horowitz (114 led), Accel (103 led) and General Catalyst (97 led). ### Where are defence Tech lead investors based? Most of the leading investors here are based in the United States (23 of the top 25); the rest in the United Kingdom. ### What have defence Tech lead investors invested in recently? Recent rounds include Fathom Therapeutics (Nov 2026, with Sutter Hill Ventures), Shield AI (Nov 2026, with Disruptive) and EOS-X Space (Other, Nov 2026, with Global Emerging Markets). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)