Investor Lists

Investors that follow on

Updated 7 November 2026

Firms we have watched come back into a company's next round, for three or more companies in the last three years. A firm that follows on is one that keeps backing what it already owns.

See all 727 →The top 25
727investors on the list-5 this week
21,228cheques in 12 months-11% against the market
$9.5Mmedian round they joined+19% against the market median
100%wrote a cheque in 12 months
70%have led a round

The Top 25

Ordered by companies backed again, never by anything anyone paid for

Deploying now (25)

  1. 1Y CombinatorDeploying nowAccelerator · United States253$3Mmedian roundOct 2026last seen
  2. 2Andreessen HorowitzDeploying nowVC firm · United States103$27Mmedian roundNov 2026last seen
  3. 3Alumni VenturesDeploying nowVC firm · United States100$12Mmedian roundNov 2026last seen
  4. 4General CatalystDeploying nowVC firm · United States100$27Mmedian roundNov 2026last seen
  5. 5Sequoia CapitalDeploying nowVC firm · United States74$35Mmedian roundNov 2026last seen
  6. 6National Science FoundationDeploying nowGovernment · United States67$926Kmedian roundSept 2026last seen
  7. 7Lightspeed Venture PartnersDeploying nowVC firm · United States67$35Mmedian roundNov 2026last seen
  8. 8TechstarsDeploying nowVC firm · United States65$1.2Mmedian roundNov 2026last seen
  9. 9GaingelsDeploying nowPrivate equity · United States58$8Mmedian roundOct 2026last seen
  10. 10Khosla VenturesDeploying nowVC firm · United States53$26Mmedian roundNov 2026last seen
  11. 11Founders FundDeploying nowVC firm · United States52$15Mmedian roundOct 2026last seen
  12. 12Plug and PlayDeploying nowAccelerator · United States51$5Mmedian roundNov 2026last seen
  13. 13BoxGroupDeploying nowVC firm · United States47$18Mmedian roundNov 2026last seen
  14. 14AccelDeploying nowVC firm · United States46$32Mmedian roundNov 2026last seen
  15. 15BpifranceDeploying nowGovernment · France45$4.5Mmedian roundOct 2026last seen
  16. 16EIC AcceleratorDeploying nowGovernment · European Union45$4.3Mmedian roundOct 2026last seen
  17. 17Bessemer Venture PartnersDeploying nowVC firm · United States44$30Mmedian roundNov 2026last seen
  18. 188VCDeploying nowVC firm · United States43$23Mmedian roundOct 2026last seen
  19. 19Index VenturesDeploying nowVC firm · United Kingdom37$31Mmedian roundNov 2026last seen
  20. 20FJ LabsDeploying nowVC firm · United States36$11Mmedian roundOct 2026last seen
  21. 21Mizuho CapitalDeploying nowVC firm · Japan35$6.5Mmedian roundNov 2026last seen
  22. 22Pioneer FundDeploying nowPrivate equity · United States34$2.9Mmedian roundNov 2026last seen
  23. 23Mitsubishi UFJ CapitalDeploying nowVC firm · Japan33$4.7Mmedian roundNov 2026last seen
  24. 24US Department of EnergyDeploying nowGovernment · United States33$2Mmedian roundSept 2026last seen
  25. 25CoatueDeploying nowVC firm · United States33$85Mmedian roundOct 2026last seen
702 more on this list

All 727 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 →

Quick answers about investors that follow on

Who are the most active investors that follow on?

By companies backed again, the most active are Y Combinator, Andreessen Horowitz, Alumni Ventures, General Catalyst and Sequoia Capital.

How many investors that follow on are there?

727 are on record. 100% made an investment in the last 12 months and 70% have led a round.

Which stages do investors that follow on back?

Of the rounds with a named stage in the last 12 months, mostly Seed (29%) and Series A (21%).

How big are the rounds investors that follow on join?

The typical (median) round among the leading investors here is $12M.

Which sectors do investors that follow on back most?

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

Which investors that follow on lead the most rounds?

Andreessen Horowitz (114 led), Accel (103 led) and General Catalyst (97 led).

Where are investors that follow on based?

Most of the leading investors here are based in the United States (20 of the top 25); the rest in Japan and France.

What have investors that follow on invested in recently?

Recent rounds include Arka Fincap (Other, Nov 2026, with TPG), LionBio Therapeutics (Pre-seed, Nov 2026, with South Park Commons) and Vensum Power (Series A, Nov 2026, with Lifeline Ventures).

Built from the rounds we watched, refreshed every night. How we count · Report a correction