# Generative AI lead investors (2026 list) > 47 generative AI lead investors, 91% active in the last 12 months. Led by Sequoia Capital, Andreessen Horowitz, SV Angel. Ranked by what they funded. Source: https://millionrounds.com/lists/genai-lead-investors (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Generative AI lead investors Updated 7 November 2026 Firms we have watched lead a round raised by a generative AI company in the last two years. Leading is rarer than taking part, and it is the role a founder most needs filled. [See all 47 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fgenai-lead-investors)The top 25 **47** investors on the list *+2* this week **1,624** cheques in 12 months *+13%* against the market **$30M** median round they joined *+279%* against the market median **91%** 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 [SV Angel](https://millionrounds.com/fund/sv-angel) *Deploying now* VC firm · United States **1,349** **$18M** median round **Oct 2026** last seen - 4 [Founders Fund](https://millionrounds.com/fund/founders-fund) *Deploying now* VC firm · United States **1,122** **$15M** median round **Oct 2026** last seen - 5 [Index Ventures](https://millionrounds.com/fund/index-ventures) *Deploying now* VC firm · United Kingdom **1,027** **$31M** median round **Nov 2026** last seen - 6 [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) *Deploying now* Corporate VC · United States **649** **$26M** median round **Nov 2026** last seen - 7 [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) *Deploying now* VC firm · China **553** **$50M** median round **Nov 2026** last seen - 8 [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) *Deploying now* VC firm · United States **524** **$27M** median round **Nov 2026** last seen - 9 [B Capital](https://millionrounds.com/fund/b-capital) *Deploying now* VC firm · United States **495** **$14M** median round **Oct 2026** last seen - 10 [Coatue](https://millionrounds.com/fund/coatue-management) *Deploying now* VC firm · United States **404** **$85M** median round **Oct 2026** last seen - 11 [Inovia Capital](https://millionrounds.com/fund/inovia-capital) *Deploying now* VC firm · Canada **328** **$11M** median round **Nov 2026** last seen - 12 [Nexus Venture Partners](https://millionrounds.com/fund/nexus-venture-partners) *Deploying now* VC firm · United States **294** **$13M** median round **Oct 2026** last seen - 13 [Earlybird Venture Capital](https://millionrounds.com/fund/earlybird) *Deploying now* VC firm · Germany **244** **$13M** median round **Oct 2026** last seen - 14 [CDH Investments](https://millionrounds.com/fund/cdh-investments) *Deploying now* Private equity · Hong Kong SAR China **190** **$30M** median round **Oct 2026** last seen - 15 [Industry Ventures](https://millionrounds.com/fund/industry-ventures) *Deploying now* VC firm · United States **139** **$19M** median round **Sept 2026** last seen - 16 [Jump Capital](https://millionrounds.com/fund/jump-capital) *Deploying now* VC firm · United States **128** **$11M** median round **Oct 2026** last seen - 17 [645 Ventures](https://millionrounds.com/fund/645-ventures) *Deploying now* VC firm · United States **120** **$10M** median round **Oct 2026** last seen - 18 [Matrix Partners](https://millionrounds.com/fund/matrix-partners-china) *Deploying now* VC firm · United States **118** **$39M** median round **Sept 2026** last seen - 19 [Alibaba Group](https://millionrounds.com/fund/alibaba-group) *Deploying now* Corporate VC · China **113** **$35M** median round **Sept 2026** last seen - 20 [Kindred Ventures](https://millionrounds.com/fund/kindred-ventures) *Deploying now* VC firm · United States **110** **$10M** median round **Oct 2026** last seen - 21 [Matrix Partners India](https://millionrounds.com/fund/matrix-partners-india) *Deploying now* VC firm · India **109** **$10M** median round **Oct 2026** last seen - 22 [M13](https://millionrounds.com/fund/m13) *Deploying now* VC firm · United States **107** **$9.4M** median round **Sept 2026** last seen - 23 [Radical Ventures](https://millionrounds.com/fund/radical-ventures) *Deploying now* VC firm · Canada **94** **$26M** median round **Sept 2026** last seen - 24 [GIC](https://millionrounds.com/fund/gic) *Deploying now* Private equity · Singapore **92** **$200M** median round **Oct 2026** last seen - 25 [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) *Deploying now* Growth equity · Sri Lanka **87** **$75M** median round **Sept 2026** last seen **22 more on this list** All 47 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%2Fgenai-lead-investors) ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[aSand.ai](https://millionrounds.com/company/asand-ai)** Series A · $200M *Led by* [Wangsu Science & Technology](https://millionrounds.com/fund/wangsu-science-and-technology) - **6** Nov **[Physicl](https://millionrounds.com/company/physicl)** Seed · $10M *Led by* [Inovia Capital](https://millionrounds.com/fund/inovia-capital) - **5** Nov **[T-Therapeutics](https://millionrounds.com/company/t-therapeutics)** Series B · $133M *With* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) - **5** Nov **[Sand.ai](https://millionrounds.com/company/sand-ai)** Series A · $200M *Led by* [Wangsu Science & Technology](https://millionrounds.com/fund/wangsu-science-and-technology) - **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *With* [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) - **4** Nov **[Phaze Inc.](https://millionrounds.com/company/phaze-inc)** Seed · $8.8M *Led by* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) ## Stages This Year 1,271 rounds - Series A **18%** - Seed **16%** - Venture **15%** - Series B **12%** - Series C **9%** - Other **30%** ## What They Backed Sectors, last 12 months - AI **683** - Fintech **114** - Big Data & Analytics **83** - Healthcare **67** - Robotics **67** - Cybersecurity **66** ## Cheques by Quarter Led Joined 326 Q1 25 371 Q2 25 420 Q3 25 461 Q4 25 489 Q1 26 440 Q2 26 372 Q3 26 139 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 generative AI lead investors ### Who are the most active generative AI lead investors? By cheques observed, the most active are Sequoia Capital, Andreessen Horowitz, SV Angel, Founders Fund and Index Ventures. ### How many generative AI lead investors are there? 47 are on record. 91% made an investment in the last 12 months and 100% have led a round. ### Which stages do generative AI lead investors back? Of the rounds with a named stage in the last 12 months, mostly Series A (24%) and Seed (21%). ### How big are the rounds generative AI lead investors join? The typical (median) round among the leading investors here is $26M. ### Which sectors do generative AI lead investors back most? In the last 12 months, mostly AI, Fintech and Big Data & Analytics. ### Which generative AI lead investors lead the most rounds? Andreessen Horowitz (114 led), Sequoia Capital (91 led) and Index Ventures (62 led). ### Where are generative AI lead investors based? Among the most active, most are based in the United States (15), China (2) and Canada (2). ### What have generative AI lead investors invested in recently? Recent rounds include aSand.ai (Series A, Nov 2026, with Wangsu Science & Technology), Physicl (Seed, Nov 2026, with Inovia Capital) and T-Therapeutics (Series B, Nov 2026, with Tengxun Touzi). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)