# Investment banks (2026 list)

> 1,042 investment banks, 1% active in the last 12 months. Led by SMBC Venture Capital, CICC, J.P. Morgan Securities Inc.. Ranked by what they funded.

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

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

# Investment banks

Updated 7 November 2026

Investment banks, ordered by what we have observed them do. Type is read from the firm's own website wherever we could reach it.

[See all 1,042 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestment-banks)The top 25

**1,042** investors on the list No change this week

**118** cheques in 12 months *-3%* against the market

**$12M** median round they joined *+56%* against the market median

**1%** wrote a cheque in 12 months

**1%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (8)

- 1 [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) *Deploying now* Investment bank · Japan **443** **$5.1M** median round **Oct 2026** last seen
- 2 [CICC](https://millionrounds.com/fund/cicc) *Deploying now* Investment bank · China **190** **$30M** median round **Oct 2026** last seen
- 3 [J.P. Morgan Securities Inc.](https://millionrounds.com/fund/j-p-morgan-securities-inc) quiet Investment bank · United States **48** **$27M** median round **Oct 2014** last seen
- 4 [High Peaks Venture Partners](https://millionrounds.com/fund/high-peaks-venture-partners) dormant Investment bank · United States **41** **$3M** median round **Nov 2014** last seen
- 5 [K2 Ventures](https://millionrounds.com/fund/k2-ventures) quiet Investment bank · Singapore **20** **$1.6M** median round **Jun 2015** last seen
- 6 [FRONTIER Capital](https://millionrounds.com/fund/frontier-capital) quiet Investment bank **17** **$44M** median round **Jan 2018** last seen
- 7 [Cardinal Partners](https://millionrounds.com/fund/cardinal-partners) quiet Investment bank · France **16** **$15M** median round **Sept 2015** last seen
- 8 [Evercore Partners](https://millionrounds.com/fund/evercore-partners) quiet Investment bank · United States **16** **$14M** median round **Aug 2009** last seen
- 9 [Avrio Capital](https://millionrounds.com/fund/avrio-capital) quiet Investment bank · Canada **13** **$5M** median round **Apr 2014** last seen
- 10 [Rothschild & Co.](https://millionrounds.com/fund/rothschild-merchant-banking) quiet Investment bank · France **12** **$7.6M** median round **Sept 2007** last seen
- 11 [IMJ Investment Partners Pte.Ltd](https://millionrounds.com/fund/imj-investment-partners-pte-ltd) quiet Investment bank · Singapore **10** **$1.5M** median round **Oct 2015** last seen
- 12 [Outcome Capital](https://millionrounds.com/fund/outcome-capital) quiet Investment bank · United States **10** **$2.9M** median round **Jul 2011** last seen
- 13 [First Capital Group](https://millionrounds.com/fund/first-capital-group) quiet Investment bank · Côte d’Ivoire **9** **$8M** median round **Aug 2011** last seen
- 14 [Richmond Park Partners](https://millionrounds.com/fund/richmond-park-partners-llp) dormant Investment bank · United Kingdom **9** **$2.3M** median round **Feb 2014** last seen
- 15 [Linden Mobile Ventures](https://millionrounds.com/fund/linden-mobile-ventures) quiet Investment bank · Netherlands **8** **$550K** median round **Jul 2013** last seen
- 16 [USVP](https://millionrounds.com/fund/usvp) *Deploying now* Investment bank · United States **8** **$33M** median round **Sept 2026** last seen
- 17 [BDT & MSD Partners](https://millionrounds.com/fund/bdt-and-msd-partners) *Deploying now* Investment bank · United States **7** **$500M** median round **Jul 2026** last seen
- 18 [Qatar Development Bank](https://millionrounds.com/fund/qatar-development-bank) *Deploying now* Investment bank · Qatar **5** **$2.3M** median round **Sept 2026** last seen
- 19 [CITIC Securities](https://millionrounds.com/fund/citic-securities) *Deploying now* Investment bank · China **4** **$3B** median round **Oct 2026** last seen
- 20 [Daiwa Securities Group](https://millionrounds.com/fund/daiwa-securities-group) dormant Investment bank · Japan **4** **$45M** median round **Sept 2018** last seen
- 21 [Seneca Partners](https://millionrounds.com/fund/seneca-partners) *Deploying now* Investment bank · United States **4** **$16M** median round **Mar 2026** last seen
- 22 [Hambrecht & Quist](https://millionrounds.com/fund/hambrecht-and-quist) quiet Investment bank · United States **4** **$35M** median round **Aug 2009** last seen
- 23 [Cedar Street Capital LLC](https://millionrounds.com/fund/cedar-street-capital-llc) quiet Investment bank · United States **3** **$1M** median round **Aug 2013** last seen
- 24 [Financial Technology Partners](https://millionrounds.com/fund/financial-technology-partners) *Deploying now* Investment bank · United States **3** **$63M** median round **Nov 2025** last seen
- 25 [KCP Capital](https://millionrounds.com/fund/kamal-tayara) quiet Investment bank · United Arab Emirates **3** **$10M** median round **May 2008** last seen

**1,017 more on this list**

All 1,042 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%2Finvestment-banks)

## The Newest Cheques

Rounds this list's investors joined most recently

- **12** Oct **[Mujin, Inc.](https://millionrounds.com/company/mujin-inc)** Series D+ · $224M *Led by* [SK Square](https://millionrounds.com/fund/sk-square)
- **8** Oct **[DeepSeek](https://millionrounds.com/company/deepseek)** Series B · $15B *With* [CICC](https://millionrounds.com/fund/cicc)
- **7** Oct **[Flyle](https://millionrounds.com/company/flyle)** Series A · $12M *With* [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2)
- **30** Sept **[Aligator](https://millionrounds.com/company/aligator)** Seed · $1.2M *Led by* [Qatar Development Bank](https://millionrounds.com/fund/qatar-development-bank)
- **22** Sept **[HighLife](https://millionrounds.com/company/highlife)** Growth · $90M *With* [USVP](https://millionrounds.com/fund/usvp)
- **16** Sept **[Tanami](https://millionrounds.com/company/tanami)** Round *With* [Qatar Development Bank](https://millionrounds.com/fund/qatar-development-bank)

## Stages This Year

117 rounds

- Venture **31%**
- Series A **16%**
- Series B **15%**
- Series C **11%**
- Seed **7%**
- Other **21%**

## What They Backed

Sectors, last 12 months

- AI **25**
- Healthcare **9**
- Aerospace & Space **7**
- Biotech **7**
- Energy **5**
- Fintech **5**

## Cheques by Quarter

Led Joined

27 Q1 25

29 Q2 25

36 Q3 25

47 Q4 25

42 Q1 26

19 Q2 26

32 Q3 26

4 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [VC firms 63,814](https://millionrounds.com/lists/vc-firms)
- [PE firms 29,284](https://millionrounds.com/lists/pe-firms)
- [Solo angels 6,544](https://millionrounds.com/lists/solo-angels)
- [Family offices 6,263](https://millionrounds.com/lists/family-offices)
- [Corporate VCs 5,452](https://millionrounds.com/lists/corporate-vcs)
- [Growth equity firms 3,838](https://millionrounds.com/lists/growth-equity-firms)
- [Incubators and accelerators 3,523](https://millionrounds.com/lists/incubators-accelerators)
- [Institutional LPs 2,744](https://millionrounds.com/lists/institutional-lps)
- [Startup studios 2,384](https://millionrounds.com/lists/startup-studios)

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

## Quick answers about investment banks

### Who are the most active investment banks?

By cheques observed, the most active are SMBC Venture Capital, CICC, J.P. Morgan Securities Inc., High Peaks Venture Partners and K2 Ventures.

### How many investment banks are there?

1,042 are on record. 1% made an investment in the last 12 months and 1% have led a round.

### Which stages do investment banks back?

Of the rounds with a named stage in the last 12 months, mostly Series A (24%) and Series B (22%).

### How big are the rounds investment banks join?

The typical (median) round among the leading investors here is $10M.

### Which sectors do investment banks back most?

In the last 12 months, mostly AI, Healthcare and Aerospace & Space.

### Which investment banks lead the most rounds?

USVP (2 led), BDT & MSD Partners (2 led) and Qatar Development Bank (1 led).

### Where are investment banks based?

Among the most active, most are based in the United States (10), Japan (2) and China (2).

### What have investment banks invested in recently?

Recent rounds include Mujin, Inc. (Series D+, Oct 2026, with SK Square), DeepSeek (Series B, Oct 2026, with CICC) and Flyle (Series A, Oct 2026, with SMBC Venture Capital).

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