# Hardware & Electronics investors (2026 list)

> 1,283 hardware & Electronics investors, 93% active in the last 12 months. Led by Y Combinator, Techstars, 500 Global. Ranked by what they funded.

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

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

# Hardware & Electronics investors

Updated 26 October 2026

Firms observed backing a hardware & Electronics company in the last two years, taken from what they funded rather than from what their website says they like.

[See all 1,283 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fhardware-investors)The top 25

**1,283** investors on the list *+62* this week

**20,181** cheques in 12 months *-5%* against the market

**$14M** median round they joined *+75%* against the market median

**93%** wrote a cheque in 12 months

**50%** 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 **6,397** **$3M** median round **Oct 2026** last seen
- 2 [Techstars](https://millionrounds.com/fund/techstars) *Deploying now* VC firm · United States **2,987** **$1.2M** median round **Oct 2026** last seen
- 3 [500 Global](https://millionrounds.com/fund/500-startups) *Deploying now* Angel · United States **2,140** **$3.6M** median round **Oct 2026** last seen
- 4 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) *Deploying now* VC firm · United States **2,088** **$34M** median round **Oct 2026** last seen
- 5 [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) *Deploying now* Government · United States **1,869** **$926K** median round **Sept 2026** last seen
- 6 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) *Deploying now* VC firm · United States **1,649** **$26M** median round **Oct 2026** last seen
- 7 [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) *Deploying now* VC firm · United States **1,610** **$34M** median round **Oct 2026** last seen
- 8 [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) *Deploying now* VC firm · United States **1,595** **$11M** median round **Oct 2026** last seen
- 9 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,557** **$5M** median round **Oct 2026** last seen
- 10 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **1,374** **$26M** median round **Oct 2026** last seen
- 11 [SV Angel](https://millionrounds.com/fund/sv-angel) *Deploying now* VC firm · United States **1,344** **$19M** median round **Oct 2026** last seen
- 12 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,336** **$34M** median round **Oct 2026** last seen
- 13 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) *Deploying now* VC firm · United States **1,334** **$35M** median round **Oct 2026** last seen
- 14 [Wayra](https://millionrounds.com/fund/wayra) *Deploying now* Corporate VC · Germany **1,160** **$2M** median round **Sept 2026** last seen
- 15 [Bpifrance](https://millionrounds.com/fund/bpifrance) *Deploying now* Government · France **1,151** **$4.5M** median round **Oct 2026** last seen
- 16 [Intel Capital](https://millionrounds.com/fund/intel-capital) *Deploying now* Corporate VC · United States **1,123** **$22M** median round **Oct 2026** last seen
- 17 [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) *Deploying now* VC firm · United States **1,123** **$26M** median round **Oct 2026** last seen
- 18 [Founders Fund](https://millionrounds.com/fund/founders-fund) *Deploying now* VC firm · United States **1,120** **$15M** median round **Oct 2026** last seen
- 19 [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) *Deploying now* VC firm · United States **1,032** **$29M** median round **Oct 2026** last seen
- 20 [Index Ventures](https://millionrounds.com/fund/index-ventures) *Deploying now* VC firm · United Kingdom **1,025** **$31M** median round **Oct 2026** last seen
- 21 [Gaingels](https://millionrounds.com/fund/gaingels) *Deploying now* Private equity · United States **1,010** **$8M** median round **Oct 2026** last seen
- 22 [MassChallenge](https://millionrounds.com/fund/masschallenge) *Deploying now* Accelerator · United States **984** **$1.8M** median round **Sept 2026** last seen
- 23 [SOSV](https://millionrounds.com/fund/sosv) *Deploying now* VC firm · United States **950** **$2.5M** median round **Oct 2026** last seen
- 24 [Google Ventures](https://millionrounds.com/fund/gv) *Deploying now* Corporate VC · United States **883** **$37M** median round **Oct 2026** last seen
- 25 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen

**1,258 more on this list**

Login free to see all 1,283, filter by stage, sector and market, and keep the ones that fit.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fhardware-investors)

## The Newest Cheques

Rounds this list's investors joined most recently

- **26** Oct **[SpaceX](https://millionrounds.com/company/spacex)** Debt · $40B *Led by* [Apollo](https://millionrounds.com/fund/apollo-global-management)
- **25** Oct **[Freedom](https://millionrounds.com/company/freedom)** Round *Led by* [Bossa Invest](https://millionrounds.com/fund/bossa-invest)
- **25** Oct **[Polygrade](https://millionrounds.com/company/polygrade)** $6.3M *With* [Construct Capital](https://millionrounds.com/fund/construct-capital)
- **25** Oct **[Bolt Biotherapeutics](https://millionrounds.com/company/bolt-biotherapeutics)** Other · $120M *With* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)
- **24** Oct **[Apex](https://millionrounds.com/company/apex)** Other · $500M *With* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)
- **24** Oct **[Wilde](https://millionrounds.com/company/wilde)** Growth · $40M *Led by* [S2G Investments](https://millionrounds.com/fund/s2g-investments)

## Stages This Year

9,446 rounds

- Venture **22%**
- Seed **20%**
- Series A **15%**
- Pre-seed **9%**
- Series B **7%**
- Other **27%**

## What They Backed

Sectors, last 12 months

- AI **3,251**
- Biotech **728**
- Healthcare **585**
- Fintech **449**
- Big Data & Analytics **437**
- Energy **414**

## Cheques by Quarter

Led Joined

5,207 Q1 25

5,373 Q2 25

5,930 Q3 25

6,186 Q4 25

6,003 Q1 26

5,075 Q2 26

4,259 Q3 26

801 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI investors 6,593](https://millionrounds.com/lists/ai-investors)
- [Fintech investors 2,898](https://millionrounds.com/lists/fintech-investors)
- [Big Data & Analytics investors 1,880](https://millionrounds.com/lists/big-data-investors)
- [Biotech investors 1,813](https://millionrounds.com/lists/biotech-investors)
- [Energy investors 1,659](https://millionrounds.com/lists/energy-investors)
- [Robotics investors 1,561](https://millionrounds.com/lists/robotics-investors)
- [Construction investors 1,548](https://millionrounds.com/lists/construction-investors)
- [Cybersecurity investors 1,333](https://millionrounds.com/lists/cybersecurity-investors)
- [Manufacturing investors 1,306](https://millionrounds.com/lists/manufacturing-investors)

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

## Reading for founders in hardware and deep tech

- The One Device: The Secret History of the iPhone Brian Merchant · 2017 3.89 from 1,949 ratings on Goodreads Hardware and deep tech About the book We know the iPhone as the device that transformed our world, changing everything from how we talk to each other and do business, to how we exercise, travel, shop, and watch TV. But packed within its slim profile is the fascinating, untold story of scientific, technological, and… On AmazonListen on Audible
- The British Industrial Revolution in Global Perspective Robert C. Allen · 2009 3.99 from 277 ratings on Goodreads Hardware and deep tech About the book Why did the industrial revolution take place in eighteenth-century Britain and not elsewhere in Europe or Asia? In this convincing new account Robert Allen argues that the British industrial revolution was a successful response to the global economy of the seventeenth and… On AmazonListen on Audible
- Made in the USA: The Rise and Retreat of American Manufacturing Vaclav Smil · 2013 3.77 from 518 ratings on Goodreads Hardware and deep tech About the book In Made in the USA, Vaclav Smil powerfully rebuts the notion that manufacturing is a relic of predigital history and that the loss of American manufacturing is a desirable evolutionary step toward a pure service economy. Smil argues that no advanced economy can prosper without… On AmazonListen on Audible
- Behemoth: A History of the Factory and the Making of the Modern World Joshua B. Freeman · 2018 3.83 from 864 ratings on Goodreads Hardware and deep tech About the book "Freeman’s rich and ambitious Behemoth depicts a world in retreat that still looms large in the national imagination.…More than an economic history, or a chronicle of architectural feats and labor movements." ―Jennifer Szalai, New York Times In an accessible and timely work of… On AmazonListen on Audible

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

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about hardware & Electronics investors

### Who are the most active hardware & Electronics investors?

By cheques observed, the most active are Y Combinator, Techstars, 500 Global, Sequoia Capital and National Science Foundation.

### How many hardware & Electronics investors are there?

1,283 are on record. 93% made an investment in the last 12 months and 50% have led a round.

### Which stages do hardware & Electronics investors 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 hardware & Electronics investors join?

The typical (median) round among the leading investors here is $15M.

### Which sectors do hardware & Electronics investors back most?

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

### Which hardware & Electronics investors lead the most rounds?

Andreessen Horowitz (110 led), Accel (102 led) and General Catalyst (90 led).

### Where are hardware & Electronics investors based?

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

### What have hardware & Electronics investors invested in recently?

Recent rounds include SpaceX (Debt, Oct 2026, with Apollo), Freedom (Oct 2026, with Bossa Invest) and Polygrade (Oct 2026, with Construct Capital).

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