# E-commerce lead investors (2026 list) > 164 E-commerce lead investors, 85% active in the last 12 months. Led by Andreessen Horowitz, Accel, Lightspeed Venture Partners. Ranked by what they funded. Source: https://millionrounds.com/lists/ecommerce-lead-investors (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # E-commerce lead investors Updated 7 November 2026 Firms we have watched lead a round raised by an E-commerce company in the last two years. Leading is rarer than taking part, and it is the role a founder most needs filled. [See all 164 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fecommerce-lead-investors)The top 25 **164** investors on the list *+8* this week **2,075** cheques in 12 months *+9%* against the market **$8.9M** median round they joined *+11%* against the market median **85%** 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 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,341** **$32M** 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 [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 - 5 [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) *Deploying now* VC firm · United States **740** **$37M** median round **Oct 2026** last seen - 6 [Bossa Invest](https://millionrounds.com/fund/bossa-invest) *Deploying now* VC firm · Brazil **657** **$6.7M** median round **Oct 2026** last seen - 7 [Greycroft](https://millionrounds.com/fund/greycroft) *Deploying now* VC firm · United States **655** **$13M** median round **Nov 2026** last seen - 8 [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) *Deploying now* VC firm · China **553** **$50M** median round **Nov 2026** last seen - 9 [Flybridge](https://millionrounds.com/fund/flybridge) *Deploying now* VC firm · United States **534** **$5M** median round **Sept 2026** last seen - 10 [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) *Deploying now* VC firm · United States **398** **$40M** median round **Nov 2026** last seen - 11 [Abstract Ventures](https://millionrounds.com/fund/abstract) *Deploying now* VC firm · United States **295** **$13M** median round **Nov 2026** last seen - 12 [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) *Deploying now* Government · United States **283** **$39M** median round **Oct 2026** last seen - 13 [General Atlantic](https://millionrounds.com/fund/general-atlantic) *Deploying now* Private equity · United States **273** **$127M** median round **Oct 2026** last seen - 14 [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) *Deploying now* Family office **240** **$50M** median round **Oct 2026** last seen - 15 [Blume Ventures](https://millionrounds.com/fund/blume-ventures) *Deploying now* VC firm · India **225** **$5M** median round **Nov 2026** last seen - 16 [Creandum](https://millionrounds.com/fund/creandum) *Deploying now* VC firm · Sweden **224** **$20M** median round **Oct 2026** last seen - 17 [RTP Global](https://millionrounds.com/fund/rtp-global) *Deploying now* VC firm · United States **183** **$10M** median round **Sept 2026** last seen - 18 [360 Capital](https://millionrounds.com/fund/360-capital) *Deploying now* VC firm · France **167** **$7.8M** median round **Nov 2026** last seen - 19 [Gradient](https://millionrounds.com/fund/gradient-ventures) *Deploying now* VC firm · United States **167** **$8.7M** median round **Nov 2026** last seen - 20 [DST Global](https://millionrounds.com/fund/dst-global) *Deploying now* Private equity · United Kingdom **158** **$81M** median round **Oct 2026** last seen - 21 [Long Journey Ventures](https://millionrounds.com/fund/long-journey-ventures) *Deploying now* VC firm · United States **145** **$10M** median round **Oct 2026** last seen - 22 [Advantage Capital](https://millionrounds.com/fund/advantage-capital) *Deploying now* Corporate VC · United States **142** **$4.1M** median round **Sept 2026** last seen - 23 [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures) *Deploying now* VC firm · United States **115** **$9M** median round **Oct 2026** last seen - 24 [M13](https://millionrounds.com/fund/m13) *Deploying now* VC firm · United States **107** **$9.4M** median round **Sept 2026** last seen - 25 [Launch Africa](https://millionrounds.com/fund/launch-africa-ventures) *Deploying now* VC firm · Mauritius **96** **$1.1M** median round **Nov 2026** last seen **139 more on this list** All 164 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%2Fecommerce-lead-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 **[Ocient](https://millionrounds.com/company/ocient)** Series C · $100M *With* [Greycroft](https://millionrounds.com/fund/greycroft) - **6** Nov **[Thinking Machines Lab](https://millionrounds.com/company/thinking-machines-lab)** Other · $5B *Led by* [Accel](https://millionrounds.com/fund/accel) - **6** Nov **[Harbinger](https://millionrounds.com/company/harbinger)** Series D+ · $240M *With* [Greycroft](https://millionrounds.com/fund/greycroft) - **5** Nov **[Bizay](https://millionrounds.com/company/bizay)** Series D+ *Led by* [Indico Capital Partners](https://millionrounds.com/fund/indico-capital-partners) - **5** Nov **[T-Therapeutics](https://millionrounds.com/company/t-therapeutics)** Series B · $133M *With* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) ## Stages This Year 1,681 rounds - Seed **19%** - Series A **19%** - Venture **12%** - Series B **12%** - Series C **7%** - Other **31%** ## What They Backed Sectors, last 12 months - AI **834** - Fintech **176** - Healthcare **105** - E-commerce **97** - Big Data & Analytics **90** - Financial Services **79** ## Cheques by Quarter Led Joined 429 Q1 25 483 Q2 25 555 Q3 25 620 Q4 25 618 Q1 26 510 Q2 26 460 Q3 26 245 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 E-commerce lead investors ### Who are the most active E-commerce lead investors? By cheques observed, the most active are Andreessen Horowitz, Accel, Lightspeed Venture Partners, Bessemer Venture Partners and Menlo Ventures. ### How many E-commerce lead investors are there? 164 are on record. 85% made an investment in the last 12 months and 100% have led a round. ### Which stages do E-commerce lead investors back? Of the rounds with a named stage in the last 12 months, mostly Seed (25%) and Series A (24%). ### How big are the rounds E-commerce lead investors join? The typical (median) round among the leading investors here is $13M. ### Which sectors do E-commerce lead investors back most? In the last 12 months, mostly AI, Fintech and Healthcare. ### Which E-commerce lead investors lead the most rounds? Andreessen Horowitz (114 led), Accel (103 led) and Lightspeed Venture Partners (83 led). ### Where are E-commerce lead investors based? Among the most active, most are based in the United States (17), Brazil (1) and China (1). ### What have E-commerce lead investors invested in recently? Recent rounds include Water Ledger Global (Other, Nov 2026, with Launch Africa), Ocient (Series C, Nov 2026, with Greycroft) and Thinking Machines Lab (Other, Nov 2026, with Accel). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)