# Hedge funds at Series A (2026 list) > 20 hedge funds at Series A, 95% active in the last 12 months. Led by Polygon, Matrix, Fasanara Capital. Ranked by what they funded. Source: https://millionrounds.com/lists/hedge-funds-at-series-a (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Hedge funds at Series A Updated 7 November 2026 Hedge funds we have watched take part in a Series A round in the last two years. [See all 20 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fhedge-funds-at-series-a)The top 20 **20** investors on the list *+1* this week **72** cheques in 12 months *+1%* against the market **$34M** median round they joined *+328%* against the market median **95%** wrote a cheque in 12 months **40%** have led a round ## The Top 20 Ordered by cheques observed, never by anything anyone paid for Deploying now (19) - 1 [Polygon](https://millionrounds.com/fund/polygon) *Deploying now* Hedge fund · Cayman Islands **149** **$5M** median round **Oct 2026** last seen - 2 [Matrix](https://millionrounds.com/fund/matrix) *Deploying now* Hedge fund · United Arab Emirates **104** **$31M** median round **Nov 2026** last seen - 3 [Fasanara Capital](https://millionrounds.com/fund/fasanara-capital) *Deploying now* Hedge fund · United Kingdom **50** **$30M** median round **Sept 2026** last seen - 4 [UNITED, Inc.](https://millionrounds.com/fund/united) *Deploying now* Hedge fund · Japan **50** **$10M** median round **Sept 2026** last seen - 5 [Arch](https://millionrounds.com/fund/arch) *Deploying now* Hedge fund **26** **$44M** median round **May 2026** last seen - 6 [Schroders Capital](https://millionrounds.com/fund/schroders-capital) *Deploying now* Hedge fund · United States **15** **$150M** median round **Jun 2026** last seen - 7 [Maverick Silicon](https://millionrounds.com/fund/maverick-silicon) *Deploying now* Hedge fund · United States **14** **$109M** median round **Oct 2026** last seen - 8 [Momentum](https://millionrounds.com/fund/momentum-2) *Deploying now* Hedge fund · India **11** **$17M** median round **Oct 2026** last seen - 9 [Aperture](https://millionrounds.com/fund/aperture) *Deploying now* Hedge fund · United States **7** **$36M** median round **May 2026** last seen - 10 [Bradesco](https://millionrounds.com/fund/bradesco) *Deploying now* Hedge fund · Brazil **4** **$56M** median round **Oct 2026** last seen - 11 [Cornerstone Capital](https://millionrounds.com/fund/cornerstone-capital) *Deploying now* Hedge fund **3** **$200M** median round **Nov 2026** last seen - 12 [Magnetar](https://millionrounds.com/fund/magnetar) *Deploying now* Hedge fund · United States **3** **$100M** median round **Nov 2026** last seen - 13 [Mindset](https://millionrounds.com/fund/mindset) *Deploying now* Hedge fund · United States **2** **$21M** median round **Sept 2026** last seen - 14 [Mission](https://millionrounds.com/fund/mission) *Deploying now* Hedge fund · United States **2** **$51M** median round **Jun 2026** last seen - 15 [Modern Capital](https://millionrounds.com/fund/modern-capital) *Deploying now* Hedge fund · United States **2** **$302M** median round **Sept 2026** last seen - 16 [Rsquared](https://millionrounds.com/fund/rsquared) *Deploying now* Hedge fund · United States **2** **$21M** median round **Oct 2026** last seen - 17 [Braidwell](https://millionrounds.com/fund/braidwell) quiet Hedge fund · United States **1** **$235M** median round **Sept 2025** last seen - 18 [CCL](https://millionrounds.com/fund/ccl) *Deploying now* Hedge fund **1** **$20M** median round **Mar 2026** last seen - 19 [Segra Capital](https://millionrounds.com/fund/segra-capital) *Deploying now* Hedge fund · United States **1** **$33M** median round **Feb 2026** last seen - 20 [DS & Partners](https://millionrounds.com/fund/ds-and-partners) *Deploying now* Hedge fund · United States **1** **$10M** median round **Nov 2025** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Sand.ai](https://millionrounds.com/company/sand-ai)** Series A · $200M *Led by* [Cornerstone Capital](https://millionrounds.com/fund/cornerstone-capital) - **5** Nov **[CesiumAstro](https://millionrounds.com/company/cesiumastro)** Series D+ · $730M *With* [Magnetar](https://millionrounds.com/fund/magnetar) - **2** Nov **[General Medicine](https://millionrounds.com/company/general-medicine)** Series B · $120M *With* [Matrix](https://millionrounds.com/fund/matrix) - **22** Oct **[Peak Energy](https://millionrounds.com/company/peak-energy)** Series B · $108M *With* [Maverick Silicon](https://millionrounds.com/fund/maverick-silicon) - **19** Oct **[Tenstorrent](https://millionrounds.com/company/tenstorrent)** $1.5B *With* [Maverick Silicon](https://millionrounds.com/fund/maverick-silicon) - **15** Oct **[Solvera](https://millionrounds.com/company/solvera)** Pre-seed · $6.3M *With* [Momentum](https://millionrounds.com/fund/momentum-2) ## Stages This Year 72 rounds - Series A **28%** - Debt **17%** - Series B **14%** - Seed **11%** - Venture **7%** - Other **24%** ## What They Backed Sectors, last 12 months - AI **30** - Energy **8** - Fintech **8** - Robotics **6** - Construction **6** - Semiconductors **6** ## Cheques by Quarter Led Joined 21 Q1 25 17 Q2 25 22 Q3 25 22 Q4 25 17 Q1 26 15 Q2 26 17 Q3 26 10 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms at early stage 6,133](https://millionrounds.com/lists/vc-firms-at-early-stage) - [VC firms at seed 3,708](https://millionrounds.com/lists/vc-firms-at-seed) - [VC firms at Series A 3,249](https://millionrounds.com/lists/vc-firms-at-series-a) - [VC firms at pre-seed 1,689](https://millionrounds.com/lists/vc-firms-at-pre-seed) - [VC firms at Series B 1,595](https://millionrounds.com/lists/vc-firms-at-series-b) - [VC firms at growth 1,005](https://millionrounds.com/lists/vc-firms-at-growth) - [VC firms at Series C 958](https://millionrounds.com/lists/vc-firms-at-series-c) - [PE firms at growth 772](https://millionrounds.com/lists/pe-firms-at-growth) - [PE firms at Series B 700](https://millionrounds.com/lists/pe-firms-at-series-b) [All investor lists *→*](https://millionrounds.com/lists) ## Reading for founders at Series A - 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 Sales Development Playbook: Build Repeatable Pipeline and Accelerate Growth with Inside Sales Trish Bertuzzi · 2016 4.18 from 696 ratings on Goodreads First sales Hiring and culture About the book Raise your hand if your company needs more new customers. I suspect your hand is (figuratively) up. This book is about not just growth, but high-growth, explosive-growth, the kind of growth that weather satellites can see from space. The success of any business-to-business… 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 More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&stage=series_a). As an Amazon Associate we earn from qualifying purchases. ## Quick answers about hedge funds at Series A ### Who are the most active hedge funds at Series A? By cheques observed, the most active are Polygon, Matrix, Fasanara Capital, UNITED, Inc. and Arch. ### How many hedge funds at Series A are there? 20 are on record. 95% made an investment in the last 12 months and 40% have led a round. ### Which stages do hedge funds at Series A back? Of the rounds with a named stage in the last 12 months, mostly Series A (33%) and Debt (20%). ### How big are the rounds hedge funds at Series A join? The typical (median) round among the leading investors here is $36M. ### Which sectors do hedge funds at Series A back most? In the last 12 months, mostly AI, Energy and Fintech. ### Which hedge funds at Series A lead the most rounds? Matrix (7 led), UNITED, Inc. (4 led) and Schroders Capital (4 led). ### Where are hedge funds at Series A based? Among the most active, most are based in the United States (11), Cayman Islands (1) and the United Arab Emirates (1). ### What have hedge funds at Series A invested in recently? Recent rounds include Sand.ai (Series A, Nov 2026, with Cornerstone Capital), CesiumAstro (Series D+, Nov 2026, with Magnetar) and General Medicine (Series B, Nov 2026, with Matrix). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)