# Growth oil & Gas investors (2026 list)

> 25 growth oil & Gas investors, 64% active in the last 12 months. Led by Alumni Ventures, In-Q-Tel, Artesian VC. Ranked by what they funded.

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

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

# Growth oil & Gas investors

Updated 7 November 2026

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

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

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

**440** cheques in 12 months *-10%* against the market

**$13M** median round they joined *+57%* against the market median

**64%** wrote a cheque in 12 months

**64%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (16)

- 1 [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) *Deploying now* VC firm · United States **1,598** **$12M** median round **Nov 2026** last seen
- 2 [In-Q-Tel](https://millionrounds.com/fund/iqt) *Deploying now* Accelerator · United States **273** **$20M** median round **Nov 2026** last seen
- 3 [Artesian VC](https://millionrounds.com/fund/artesian) *Deploying now* Asset manager · Australia **201** **$2M** median round **Oct 2026** last seen
- 4 [Horizons Ventures](https://millionrounds.com/fund/horizons-ventures) *Deploying now* VC firm · Hong Kong SAR China **186** **$19M** median round **Sept 2026** last seen
- 5 [Blackbird Ventures](https://millionrounds.com/fund/blackbird-ventures-2) *Deploying now* VC firm · United States **177** **$7M** median round **Oct 2026** last seen
- 6 [Pario Ventures](https://millionrounds.com/fund/pario-ventures) *Deploying now* VC firm · United Kingdom **71** **$2.9M** median round **Aug 2026** last seen
- 7 [Five Elms Capital](https://millionrounds.com/fund/five-elms-capital) *Deploying now* VC firm · United States **55** **$14M** median round **Oct 2026** last seen
- 8 [Momenta](https://millionrounds.com/fund/momenta) *Deploying now* VC firm · Switzerland **46** **$6.2M** median round **Sept 2026** last seen
- 9 [Hostplus](https://millionrounds.com/fund/hostplus) *Deploying now* Private equity · Australia **15** **$100M** median round **Sept 2026** last seen
- 10 [Bluff Point Associates](https://millionrounds.com/fund/bluff-point-associates) dormant Private equity · United States **11** **$25M** median round **Feb 2025** last seen
- 11 [Elbow Beach](https://millionrounds.com/fund/elbow-beach) *Deploying now* VC firm · United Kingdom **11** **$2.7M** median round **Oct 2026** last seen
- 12 [Marlin Equity Partners](https://millionrounds.com/fund/marlin-equity-partners) *Deploying now* Private equity · United States **10** **$1.3B** median round **Oct 2026** last seen
- 13 [Climate Investment](https://millionrounds.com/fund/climate-investment-ci) *Deploying now* VC firm · United Kingdom **8** **$23M** median round **Oct 2026** last seen
- 14 [Teachers' Venture Growth](https://millionrounds.com/fund/teachers-venture-growth) *Deploying now* VC firm **7** **$318M** median round **Sept 2026** last seen
- 15 [Fund for Export Development in Africa (FEDA)](https://millionrounds.com/fund/fund-for-export-development-in-africa-feda) *Deploying now* Corporate VC · Rwanda **3** **$215M** median round **Jun 2026** last seen
- 16 [CSIRO](https://millionrounds.com/fund/csiro) quiet Government · Australia **2** **$5.6M** median round **Jul 2025** last seen
- 17 [Exponent](https://millionrounds.com/fund/exponent) *Deploying now* Private equity · United Kingdom **2** **-** median round **Aug 2026** last seen
- 18 [Mathers Associates](https://millionrounds.com/fund/mathers-associates) *Deploying now* Private equity · United States **2** **-** median round **Nov 2025** last seen
- 19 [Shaw and Partners](https://millionrounds.com/fund/shaw-and-partners) quiet Private equity · Australia **2** **$16M** median round **Jul 2025** last seen
- 20 [Worley](https://millionrounds.com/fund/worley) quiet Corporate VC · Australia **2** **$7.2M** median round **Jul 2025** last seen
- 21 [Codan](https://millionrounds.com/fund/codan) quiet Growth equity · Australia **1** **$7.2M** median round **Jul 2025** last seen
- 22 [Gebr. Pfeiffer](https://millionrounds.com/fund/gebr-pfeiffer) quiet Growth equity · Germany **1** **$7.2M** median round **Jul 2025** last seen
- 23 [Novare Holdings](https://millionrounds.com/fund/novare-holdings) quiet Growth equity · South Africa **1** **$150M** median round **Sept 2025** last seen
- 24 [RFC Ambrian](https://millionrounds.com/fund/rfc-ambrian) quiet Venture studio · Australia **1** **$7.2M** median round **Jul 2025** last seen
- 25 [Argentum Capital Partners IV, L.P](https://millionrounds.com/fund/argentum-capital-partners-iv-l-p) quiet Growth equity **1** **-** median round **Feb 2025** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Ocient](https://millionrounds.com/company/ocient)** Series C · $100M *With* [In-Q-Tel](https://millionrounds.com/fund/iqt)
- **5** Nov **[firmly](https://millionrounds.com/company/firmly)** Series A · $15M *With* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)
- **5** Nov **[RadianX](https://millionrounds.com/company/radianx)** Seed · $9M *With* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)
- **2** Nov **[Northwood Space](https://millionrounds.com/company/northwood-space)** Series C · $375M *With* [In-Q-Tel](https://millionrounds.com/fund/iqt)
- **2** Nov **[Larridin](https://millionrounds.com/company/larridin)** Series A · $30M *With* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)
- **27** Oct **[MP Space](https://millionrounds.com/company/mp-space)** Seed · $16M *Led by* [Blackbird Ventures](https://millionrounds.com/fund/blackbird-ventures-2)

## Stages This Year

432 rounds

- Venture **22%**
- Series A **19%**
- Seed **17%**
- Series B **11%**
- Series C **6%**
- Other **26%**

## What They Backed

Sectors, last 12 months

- AI **167**
- Energy **33**
- Biotech **31**
- Big Data & Analytics **26**
- Aerospace & Space **25**
- Fintech **25**

## Cheques by Quarter

Led Joined

139 Q1 25

111 Q2 25

133 Q3 25

134 Q4 25

147 Q1 26

106 Q2 26

115 Q3 26

25 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 at Series B and scaling

- Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies Reid Hoffman · 2018 3.95 from 7,118 ratings on Goodreads Scaling and operations Leading and managing Moats and competition About the book Foreword by Bill Gates LinkedIn cofounder, legendary investor, and host of the award-winning Masters of Scale podcast reveals the secret to starting and scaling massively valuable companies. What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or… On AmazonListen on Audible
- One Page Talent Management: Eliminating Complexity, Adding Value Marc Effron · 2010 4.00 from 311 ratings on Goodreads Leading and managing Hiring and culture Scaling and operations About the book A Revolutionary Approach to Talent Management You know that winning in today’s marketplace requires top quality talent. You also know what it takes to build that talent, and you spend significant financial and human resources to make it happen. Yet somehow, your company’s… On AmazonListen on Audible
- The Culture Code: The Secrets of Highly Successful Groups Daniel Coyle · 2017 4.24 from 37,412 ratings on Goodreads Hiring and culture Leading and managing About the book What do Pixar, Google and the San Antonio Spurs basketball team have in common?The answer is that they all owe their extraordinary success to their team-building skills. In The Culture Code, Daniel Coyle goes inside some of the most effective organisations in the world and… On AmazonListen on Audible
- Scaling Up: How a Few Companies Make It...and Why the Rest Don't Verne Harnish · 2014 4.16 from 6,229 ratings on Goodreads Scaling and operations Leading and managing About the book Winner of the 2015 International Book Awards for General Business Winner of the 2015 National Indie Excellence Award for General Business Winner of the 2015 Readers' Favorite International Book Award Gold Medal for Non-Fiction Business Winner of the 2015 Paris Book… On AmazonListen on Audible

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

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about growth oil & Gas investors

### Who are the most active growth oil & Gas investors?

By cheques observed, the most active are Alumni Ventures, In-Q-Tel, Artesian VC, Horizons Ventures and Blackbird Ventures.

### How many growth oil & Gas investors are there?

25 are on record. 64% made an investment in the last 12 months and 64% have led a round.

### Which stages do growth oil & Gas investors back?

Of the rounds with a named stage in the last 12 months, mostly Series A (27%) and Seed (23%).

### How big are the rounds growth oil & Gas investors join?

The typical (median) round among the leading investors here is $14M.

### Which sectors do growth oil & Gas investors back most?

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

### Which growth oil & Gas investors lead the most rounds?

Blackbird Ventures (13 led), Elbow Beach (10 led) and Horizons Ventures (8 led).

### Where are growth oil & Gas investors based?

Among the most active, most are based in the United States (7), Australia (7) and the United Kingdom (4).

### What have growth oil & Gas investors invested in recently?

Recent rounds include Ocient (Series C, Nov 2026, with In-Q-Tel), firmly (Series A, Nov 2026, with Alumni Ventures) and RadianX (Seed, Nov 2026, with Alumni Ventures).

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