# Fashion lead investors (2026 list)

> 56 fashion lead investors, 93% active in the last 12 months. Led by Andreessen Horowitz, Bpifrance, Menlo Ventures. Ranked by what they funded.

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

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

# Fashion lead investors

Updated 7 November 2026

Firms we have watched lead a round raised by a fashion company in the last two years. Leading is rarer than taking part, and it is the role a founder most needs filled.

[See all 56 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Ffashion-lead-investors)The top 25

**56** investors on the list *+2* this week

**1,220** cheques in 12 months *-2%* against the market

**$14M** median round they joined *+70%* against the market median

**93%** 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 [Bpifrance](https://millionrounds.com/fund/bpifrance) *Deploying now* Government · France **1,151** **$4.5M** median round **Oct 2026** last seen
- 3 [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) *Deploying now* VC firm · United States **740** **$37M** median round **Oct 2026** last seen
- 4 [Antler](https://millionrounds.com/fund/antler) *Deploying now* VC firm · United Kingdom **729** **$1M** median round **Nov 2026** last seen
- 5 [Bossa Invest](https://millionrounds.com/fund/bossa-invest) *Deploying now* VC firm · Brazil **657** **$6.7M** median round **Oct 2026** last seen
- 6 [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) *Deploying now* VC firm · United States **398** **$40M** median round **Nov 2026** last seen
- 7 [Foundry Group](https://millionrounds.com/fund/foundry) *Deploying now* VC firm · United States **352** **$15M** median round **Oct 2026** last seen
- 8 [FirstMark](https://millionrounds.com/fund/firstmark) *Deploying now* VC firm · United States **319** **$20M** median round **Oct 2026** last seen
- 9 [Craft Ventures](https://millionrounds.com/fund/craft-ventures) *Deploying now* VC firm · United States **283** **$14M** median round **Oct 2026** last seen
- 10 [General Atlantic](https://millionrounds.com/fund/general-atlantic) *Deploying now* Private equity · United States **273** **$127M** median round **Oct 2026** last seen
- 11 [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) *Deploying now* Family office **240** **$50M** median round **Oct 2026** last seen
- 12 [Forerunner Ventures](https://millionrounds.com/fund/forerunner-ventures) *Deploying now* VC firm · United States **225** **$20M** median round **Oct 2026** last seen
- 13 [Inflection Point Ventures](https://millionrounds.com/fund/inflection-point-ventures) *Deploying now* VC firm · United States **181** **$1M** median round **Oct 2026** last seen
- 14 [EQT Ventures](https://millionrounds.com/fund/eqt-ventures) *Deploying now* VC firm · Sweden **152** **$20M** median round **Oct 2026** last seen
- 15 [Forbion Capital Partners](https://millionrounds.com/fund/forbion-capital-partners) *Deploying now* Private equity · Netherlands **134** **$88M** median round **Oct 2026** last seen
- 16 [Notable Capital](https://millionrounds.com/fund/notable-capital) *Deploying now* VC firm · United States **96** **$25M** median round **Sept 2026** last seen
- 17 [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) *Deploying now* Growth equity · Sri Lanka **87** **$75M** median round **Sept 2026** last seen
- 18 [Criteria Venture Tech](https://millionrounds.com/fund/criteria-venture-tech) *Deploying now* VC firm · Spain **45** **$3.4M** median round **Oct 2026** last seen
- 19 [Coinvest Capital](https://millionrounds.com/fund/coinvest-capital) *Deploying now* VC firm · Lithuania **44** **$1.3M** median round **Oct 2026** last seen
- 20 [Specialist VC](https://millionrounds.com/fund/specialist-vc) *Deploying now* VC firm · Estonia **40** **$2.3M** median round **Jun 2026** last seen
- 21 [Fireside Ventures](https://millionrounds.com/fund/fireside-ventures) *Deploying now* VC firm · India **33** **$6M** median round **Oct 2026** last seen
- 22 [Saama Capital](https://millionrounds.com/fund/saama-capital) *Deploying now* VC firm · India **28** **$2.5M** median round **Nov 2026** last seen
- 23 [Plural](https://millionrounds.com/fund/plural) *Deploying now* VC firm · United Kingdom **27** **$43M** median round **Nov 2026** last seen
- 24 [Work-Bench](https://millionrounds.com/fund/work-bench) *Deploying now* VC firm · United States **27** **$23M** median round **Oct 2026** last seen
- 25 [A16z Speedrun](https://millionrounds.com/fund/a16z-speedrun) *Deploying now* Accelerator · United States **22** **$6M** median round **Nov 2026** last seen

**31 more on this list**

All 56 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%2Ffashion-lead-investors)

## The Newest Cheques

Rounds this list's investors joined most recently

- **4** Nov **[Phaze Inc.](https://millionrounds.com/company/phaze-inc)** Seed · $8.8M *Led by* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)
- **3** Nov **[SYNCERE](https://millionrounds.com/company/syncere)** Pre-seed · $11M *Led by* [A16z Speedrun](https://millionrounds.com/fund/a16z-speedrun)
- **3** Nov **[Athena](https://millionrounds.com/company/athena)** Pre-seed · $2.5M *Led by* [A16z Speedrun](https://millionrounds.com/fund/a16z-speedrun)
- **3** Nov **[Solgram](https://millionrounds.com/company/solgram)** Pre-seed · $1M *Led by* [Saama Capital](https://millionrounds.com/fund/saama-capital)
- **3** Nov **[Vereda](https://millionrounds.com/company/vereda)** Seed · $5.5M *With* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)
- **3** Nov **[GIVA](https://millionrounds.com/company/giva)** Other · $100M *Led by* [Multiples](https://millionrounds.com/fund/multiples-alternate-asset-management)

## Stages This Year

1,100 rounds

- Seed **21%**
- Series A **17%**
- Venture **12%**
- Series B **9%**
- Pre-seed **9%**
- Other **32%**

## What They Backed

Sectors, last 12 months

- AI **502**
- Biotech **72**
- Fintech **71**
- Big Data & Analytics **65**
- Healthcare **60**
- Cybersecurity **47**

## Cheques by Quarter

Led Joined

278 Q1 25

314 Q2 25

355 Q3 25

426 Q4 25

361 Q1 26

306 Q2 26

257 Q3 26

120 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 fashion lead investors

### Who are the most active fashion lead investors?

By cheques observed, the most active are Andreessen Horowitz, Bpifrance, Menlo Ventures, Antler and Bossa Invest.

### How many fashion lead investors are there?

56 are on record. 93% made an investment in the last 12 months and 100% have led a round.

### Which stages do fashion lead investors back?

Of the rounds with a named stage in the last 12 months, mostly Seed (27%) and Series A (22%).

### How big are the rounds fashion lead investors join?

The typical (median) round among the leading investors here is $20M.

### Which sectors do fashion lead investors back most?

In the last 12 months, mostly AI, Biotech and Fintech.

### Which fashion lead investors lead the most rounds?

Andreessen Horowitz (114 led), Foundry Group (64 led) and Menlo Ventures (39 led).

### Where are fashion lead investors based?

Among the most active, most are based in the United States (12), the United Kingdom (2) and India (2).

### What have fashion lead investors invested in recently?

Recent rounds include Phaze Inc. (Seed, Nov 2026, with Andreessen Horowitz), SYNCERE (Pre-seed, Nov 2026, with A16z Speedrun) and Athena (Pre-seed, Nov 2026, with A16z Speedrun).

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