Investor Lists

Government funds at pre-seed

Updated 7 November 2026

Government funds we have watched take part in a pre-seed round in the last two years.

See all 31 →The top 25
31investors on the listNo change this week
896cheques in 12 months-27% against the market
$2.1Mmedian round they joined-74% against the market median
100%wrote a cheque in 12 months
35%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

  1. 1National Science FoundationDeploying nowGovernment · United States1,869$926Kmedian roundSept 2026last seen
  2. 2BpifranceDeploying nowGovernment · France1,151$4.5Mmedian roundOct 2026last seen
  3. 3EIC AcceleratorDeploying nowGovernment · European Union875$4.3Mmedian roundOct 2026last seen
  4. 4Korea Tech Incubator Program For StartupDeploying nowGovernment · South Korea597$2.1Mmedian roundSept 2026last seen
  5. 5US Department of EnergyDeploying nowGovernment · United States453$2Mmedian roundSept 2026last seen
  6. 6Shenzhen Capital Group Co.Deploying nowGovernment · China449$16Mmedian roundOct 2026last seen
  7. 7Enterprise IrelandDeploying nowGovernment · Ireland447$1.8Mmedian roundNov 2026last seen
  8. 8Connecticut InnovationsDeploying nowGovernment · United States264$6Mmedian roundOct 2026last seen
  9. 9Scottish EnterpriseDeploying nowGovernment · United Kingdom256$2.1Mmedian roundNov 2026last seen
  10. 10Bayern KapitalDeploying nowGovernment · Germany173$7.1Mmedian roundOct 2026last seen
  11. 11InnosuisseDeploying nowGovernment · Switzerland144$1.9Mmedian roundAug 2026last seen
  12. 12Development Bank of WalesDeploying nowGovernment · United Kingdom123$1.3Mmedian roundOct 2026last seen
  13. 13European UnionDeploying nowGovernment · United Kingdom118$2.3Mmedian roundSept 2026last seen
  14. 14Invest NebraskaDeploying nowGovernment · United States118$875Kmedian roundSept 2026last seen
  15. 15Small Business Innovation ResearchDeploying nowGovernment · United States98$1Mmedian roundSept 2026last seen
  16. 16IBB VenturesDeploying nowGovernment · Germany97$3.4Mmedian roundNov 2026last seen
  17. 17UNIIQDeploying nowGovernment · Netherlands61$408Kmedian roundMay 2026last seen
  18. 18AQC CapitalDeploying nowGovernment · Canada58$2Mmedian roundAug 2026last seen
  19. 19InnovationQuarterDeploying nowGovernment · Netherlands52$5.5Mmedian roundJun 2026last seen
  20. 20Ukrainian Startup FundDeploying nowGovernment · Ukraine51$156Kmedian roundJul 2026last seen
  21. 21CORFODeploying nowGovernment · Chile47$348Kmedian roundApr 2026last seen
  22. 22Colorado Office of Economic Development and International TradeDeploying nowGovernment · United States47$250Kmedian roundMay 2026last seen
  23. 23Innovation NorwayDeploying nowGovernment · Norway46$985Kmedian roundJun 2026last seen
  24. 24UK governmentDeploying nowGovernment42$2.4Mmedian roundOct 2026last seen
  25. 25Netherlands Enterprise AgencyDeploying nowGovernment · Netherlands33$4.3Mmedian roundMay 2026last seen
6 more on this list

All 31 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 →

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Quick answers about government funds at pre-seed

Who are the most active government funds at pre-seed?

By cheques observed, the most active are National Science Foundation, Bpifrance, EIC Accelerator, Korea Tech Incubator Program For Startup and US Department of Energy.

How many government funds at pre-seed are there?

31 are on record. 100% made an investment in the last 12 months and 35% have led a round.

Which stages do government funds at pre-seed back?

Of the rounds with a named stage in the last 12 months, mostly Seed (29%) and Grant (24%).

How big are the rounds government funds at pre-seed join?

The typical (median) round among the leading investors here is $2M.

Which sectors do government funds at pre-seed back most?

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

Which government funds at pre-seed lead the most rounds?

Bpifrance (11 led), EIC Accelerator (9 led) and Shenzhen Capital Group Co. (2 led).

Where are government funds at pre-seed based?

Among the most active, most are based in the United States (6), the United Kingdom (3) and the Netherlands (3).

What have government funds at pre-seed invested in recently?

Recent rounds include ArrayPatch (Seed, Nov 2026, with Enterprise Ireland), Shinka (Seed, Nov 2026, with Enterprise Ireland) and Amara (Pre-seed, Nov 2026, with IBB Ventures).

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