# Growth govtech investors (2026 list)

> 31 growth govtech investors, 100% active in the last 12 months. Led by Y Combinator, Andreessen Horowitz, SV Angel. Ranked by what they funded.

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

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

# Growth govtech investors

Updated 7 November 2026

Firms we have watched take part in a growth round raised by a govtech company in the last two years. Both the stage and the sector are what they did, not what their website says.

[See all 31 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fgrowth-govtech-investors)The top 25

**31** investors on the list No change this week

**2,280** cheques in 12 months *-1%* against the market

**$27M** median round they joined *+238%* against the market median

**100%** wrote a cheque in 12 months

**81%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 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 [Antler](https://millionrounds.com/fund/antler) *Deploying now* VC firm · United Kingdom **729** **$1M** median round **Nov 2026** last seen
- 7 [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) *Deploying now* VC firm · United States **524** **$27M** median round **Nov 2026** last seen
- 8 [Coatue](https://millionrounds.com/fund/coatue-management) *Deploying now* VC firm · United States **404** **$85M** median round **Oct 2026** last seen
- 9 [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) *Deploying now* VC firm · United States **398** **$40M** median round **Nov 2026** last seen
- 10 [Matrix Partners](https://millionrounds.com/fund/matrix-partners) *Deploying now* VC firm · United States **396** **$19M** median round **Aug 2026** last seen
- 11 [TCV](https://millionrounds.com/fund/tcv) *Deploying now* Private equity · United States **200** **$100M** median round **Oct 2026** last seen
- 12 [New York Angels](https://millionrounds.com/fund/new-york-angels) *Deploying now* Angel network · United States **181** **$2.1M** median round **Sept 2026** last seen
- 13 [Meritech Capital Partners](https://millionrounds.com/fund/meritech-capital-partners) *Deploying now* VC firm · United States **174** **$92M** median round **Oct 2026** last seen
- 14 [Operator Partners](https://millionrounds.com/fund/operator-partners) *Deploying now* VC firm · United States **124** **$18M** median round **Oct 2026** last seen
- 15 [Greenoaks](https://millionrounds.com/fund/greenoaks) *Deploying now* VC firm · United States **121** **$115M** median round **Oct 2026** last seen
- 16 [JMI Equity](https://millionrounds.com/fund/jmi-equity) *Deploying now* Private equity · United States **116** **$50M** median round **Sept 2026** last seen
- 17 [Elad Gil](https://millionrounds.com/fund/elad-gil) *Deploying now* VC firm · United States **101** **$40M** median round **Nov 2026** last seen
- 18 [Acrew Capital](https://millionrounds.com/fund/acrew-capital) *Deploying now* VC firm · United States **99** **$17M** median round **Nov 2026** last seen
- 19 [Motorola Solutions Venture Capital](https://millionrounds.com/fund/motorola-solutions-venture-capital) *Deploying now* Corporate VC · United States **60** **$58M** median round **Jul 2026** last seen
- 20 [CPP Investments](https://millionrounds.com/fund/cpp-investments) *Deploying now* Growth equity **59** **$200M** median round **Oct 2026** last seen
- 21 [Contrary](https://millionrounds.com/fund/contrary) *Deploying now* VC firm · United States **51** **$9M** median round **Sept 2026** last seen
- 22 [Gresham House Ventures](https://millionrounds.com/fund/gresham-house-ventures) *Deploying now* Growth equity · United Kingdom **40** **$6.6M** median round **Sept 2026** last seen
- 23 [TechNexus Venture Collaborative](https://millionrounds.com/fund/technexus-venture-collaborative) *Deploying now* Accelerator · United States **40** **$3.4M** median round **Jan 2026** last seen
- 24 [Lachy Groom](https://millionrounds.com/fund/lachy-groom) *Deploying now* Angel · United States **37** **$12M** median round **Oct 2026** last seen
- 25 [Tusk Ventures](https://millionrounds.com/fund/tusk-venture-partners) *Deploying now* VC firm · United States **35** **$12M** median round **Jul 2026** last 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 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fgrowth-govtech-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 **[Guava](https://millionrounds.com/company/guava)** Seed · $13M *Led by* [Acrew Capital](https://millionrounds.com/fund/acrew-capital)
- **3** Nov **[Vereda](https://millionrounds.com/company/vereda)** Seed · $5.5M *With* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)
- **3** Nov **[Traversal](https://millionrounds.com/company/traversal)** Series B · $120M *Led by* [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins)
- **3** Nov **[Applied Compute](https://millionrounds.com/company/applied-compute)** Other · $350M *Led by* [Elad Gil](https://millionrounds.com/fund/elad-gil)
- **3** Nov **[Trajectory](https://millionrounds.com/company/trajectory)** Series A · $45M *With* [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures)

## Stages This Year

1,931 rounds

- Venture **20%**
- Seed **18%**
- Pre-seed **17%**
- Series A **14%**
- Series B **7%**
- Other **23%**

## What They Backed

Sectors, last 12 months

- AI **1,039**
- Fintech **141**
- Big Data & Analytics **120**
- Financial Services **88**
- Healthcare **82**
- Robotics **68**

## Cheques by Quarter

Led Joined

570 Q1 25

581 Q2 25

669 Q3 25

717 Q4 25

671 Q1 26

689 Q2 26

464 Q3 26

135 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Seed AI investors 2,922](https://millionrounds.com/lists/seed-ai-investors)
- [Series A AI investors 2,490](https://millionrounds.com/lists/series-a-ai-investors)
- [Series B AI investors 1,557](https://millionrounds.com/lists/series-b-ai-investors)
- [Pre-seed AI investors 1,286](https://millionrounds.com/lists/pre-seed-ai-investors)
- [Growth AI investors 1,186](https://millionrounds.com/lists/growth-ai-investors)
- [Series A fintech investors 950](https://millionrounds.com/lists/series-a-fintech-investors)
- [Series C AI investors 930](https://millionrounds.com/lists/series-c-ai-investors)
- [Seed fintech investors 925](https://millionrounds.com/lists/seed-fintech-investors)
- [Series A biotech investors 650](https://millionrounds.com/lists/series-a-biotech-investors)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in government and defence

- Chip War: The Fight for the World's Most Critical Technology Chris Miller · 2022 4.38 from 46,826 ratings on Goodreads Government and defence Company building About the book An epic account of the decades-long battle to control what has emerged as the world's most critical resource, microchip technology, with the United States and China increasingly in conflict. You may be surprised to learn that microchips are the new oil, the scarce resource on… On AmazonListen on Audible
- The Hour of the Predator Giuliano da Empoli · 2025 3.94 from 5,140 ratings on Goodreads Government and defence About the book A chilling assessment of international politics in our time, from an internationally bestselling author whose work has sparked controversy and debate across the worldBlending the author’s personal insight with startling historical comparisons to the days of Machiavelli and the… On AmazonListen on Audible
- Written Out of History: The Forgotten Founders Who Fought Big Government Mike Lee · 2017 4.05 from 728 ratings on Goodreads Government and defence Company building About the book Senator Mike Lee tells the story of the Founders whose warnings about the dangers of an all-powerful federal government helped shape our Constitution--but are being ignored today. Today, most Americans are familiar only with the "big names" associated with the Founding -… On AmazonListen on Audible
- Unit X: How the Pentagon and Silicon Valley Are Transforming the Future of War Raj M. Shah · 2024 3.82 from 1,608 ratings on Goodreads Government and defence Company building Innovation About the book Shortlisted for the 2024 Financial Times Business Book of the Year “An exceedingly important book!”, General David Petraeus, US Army (Ret.), former Director of the CIA “Essential reading for understanding how technology will change the future of warfare.”, Chris Miller, New York… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=government&stage=scaling).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about growth govtech investors

### Who are the most active growth govtech investors?

By cheques observed, the most active are Y Combinator, Andreessen Horowitz, SV Angel, Founders Fund and Index Ventures.

### How many growth govtech investors are there?

31 are on record. 100% made an investment in the last 12 months and 81% have led a round.

### Which stages do growth govtech investors back?

Of the rounds with a named stage in the last 12 months, mostly Seed (24%) and Pre-seed (23%).

### How big are the rounds growth govtech investors join?

The typical (median) round among the leading investors here is $19M.

### Which sectors do growth govtech investors back most?

In the last 12 months, mostly AI, Fintech and Big Data & Analytics.

### Which growth govtech investors lead the most rounds?

Andreessen Horowitz (114 led), Index Ventures (62 led) and Founders Fund (42 led).

### Where are growth govtech investors based?

Most of the leading investors here are based in the United States (21 of the top 25); the rest in the United Kingdom.

### What have growth govtech investors invested in recently?

Recent rounds include Phaze Inc. (Seed, Nov 2026, with Andreessen Horowitz), Guava (Seed, Nov 2026, with Acrew Capital) and Vereda (Seed, Nov 2026, with Andreessen Horowitz).

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