# Investors based in Phoenix (2026 list) > 216 investors based in Phoenix, 2% active in the last 12 months. Led by Legend Ventures, Arizona Founders Fund, El Dorado Investment. Source: https://millionrounds.com/lists/investors-based-in-phoenix (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Phoenix Updated 7 November 2026 Firms with an address in Phoenix. A head office is a fact about the firm; where it invests is on its own page. [See all 216 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-phoenix)The top 25 **216** investors on the list No change this week **6** cheques in 12 months Too few cheques to tell **$5.5M** median round they joined *-31%* against the market median **2%** 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 (4) - 1 [Legend Ventures](https://millionrounds.com/fund/legend-ventures) quiet VC firm · United States **6** **$14M** median round **Nov 2009** last seen - 2 [Arizona Founders Fund](https://millionrounds.com/fund/arizona-founders-fund) quiet VC firm · United States **3** **$3M** median round **Apr 2019** last seen - 3 [El Dorado Investment](https://millionrounds.com/fund/el-dorado-investment) quiet Corporate VC · United States **3** **$5M** median round **Jul 2014** last seen - 4 [Arizona Commerce Authority](https://millionrounds.com/fund/arizona-commerce-authority) quiet Government · United States **2** **$250K** median round **Jan 2015** last seen - 5 [Arizona Tech Investors](https://millionrounds.com/fund/arizona-tech-investors) quiet Angel network · United States **2** **$4.9M** median round **Oct 2015** last seen - 6 [Banner Health](https://millionrounds.com/fund/banner-health) quiet Investment firm · United States **2** **$143M** median round **Jan 2025** last seen - 7 [Infinitum](https://millionrounds.com/fund/infinitum) *Deploying now* Hedge fund · United States **2** **$635M** median round **Oct 2026** last seen - 8 [VANE](https://millionrounds.com/fund/vane) *Deploying now* Angel network · United States **2** **$3.8M** median round **Dec 2025** last seen - 9 [Western Alliance Bank](https://millionrounds.com/fund/western-alliance-bank) *Deploying now* Growth equity · United States **2** **$65M** median round **Aug 2026** last seen - 10 [State Compensation Fund of Arizona](https://millionrounds.com/fund/state-compensation-fund-of-arizona) quiet VC firm · United States **2** **$3.3M** median round **Aug 2008** last seen - 11 [HonorHealth](https://millionrounds.com/fund/honorhealth) quiet Corporate VC · United States **1** **$105M** median round **Jan 2025** last seen - 12 [Moatable](https://millionrounds.com/fund/moatable) quiet Venture studio · China **1** **$10M** median round **Jun 2014** last seen - 13 [Outlier](https://millionrounds.com/fund/outlier) quiet Hedge fund · United States **1** **$4M** median round **May 2019** last seen - 14 [PHX Ventures](https://millionrounds.com/fund/phx-ventures) *Deploying now* VC firm · United States **1** **$21M** median round **May 2026** last seen - 15 [Pivotal Group](https://millionrounds.com/fund/pivotal-group-inc) quiet Private equity · United States **1** **$33M** median round **Sept 1999** last seen - 16 [Prospeq](https://millionrounds.com/fund/prospeq) quiet Venture debt · United States **1** **$5.5M** median round **Jul 2025** last seen - 17 [The Najafi Companies](https://millionrounds.com/fund/the-najafi-companies) quiet Private equity · United States **1** **-** median round **May 2013** last seen - 18 [ViaWest Group](https://millionrounds.com/fund/viawest-group) quiet VC firm · United States **1** **$2.3M** median round **Dec 2016** last seen - 19 [10mK](https://millionrounds.com/fund/10mk) unknown Venture studio · United States **none observed** **-** median round **-** last seen - 20 [3EDGEWOOD](https://millionrounds.com/fund/3edgewood) unknown Private credit · United States **none observed** **-** median round **-** last seen - 21 [4th and 25 Fund](https://millionrounds.com/fund/4th-and-25-fund) unknown Investment firm · United States **none observed** **-** median round **-** last seen - 22 [ALBERT PRO HOLDINGS GROUP INC](https://millionrounds.com/fund/albert-pro-holdings-group-inc) unknown Private credit · United States **none observed** **-** median round **-** last seen - 23 [APOC Group](https://millionrounds.com/fund/apoc-group) unknown Investment firm · United States **none observed** **-** median round **-** last seen - 24 [AWM Capital](https://millionrounds.com/fund/awm-capital) unknown Family office · United States **none observed** **-** median round **-** last seen - 25 [AXN Growth Partners](https://millionrounds.com/fund/axn-growth-partners) unknown Private equity · United States **none observed** **-** median round **-** last seen **191 more on this list** All 216 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%2Finvestors-based-in-phoenix) ## The Newest Cheques Rounds this list's investors joined most recently - **28** Oct **[FuriosaAI](https://millionrounds.com/company/furiosaai)** Series D+ · $620M *With* [Infinitum](https://millionrounds.com/fund/infinitum) - **11** Aug **[MarginEdge](https://millionrounds.com/company/marginedge)** Series D+ · $80M *With* [Western Alliance Bank](https://millionrounds.com/fund/western-alliance-bank) - **1** Jun **[Groq](https://millionrounds.com/company/groq)** Other · $650M *Led by* [Infinitum](https://millionrounds.com/fund/infinitum) - **11** May **[Basata](https://millionrounds.com/company/basata)** Series A · $21M *With* [PHX Ventures](https://millionrounds.com/fund/phx-ventures) - **23** Feb **[Ownwell](https://millionrounds.com/company/ownwell)** Series B · $50M *With* [Western Alliance Bank](https://millionrounds.com/fund/western-alliance-bank) - **1** Dec **[Mirna](https://millionrounds.com/company/mirna)** Series A · $3.6M *With* [VANE](https://millionrounds.com/fund/vane) ## Stages This Year 6 rounds - Series A **33%** - Series D+ **33%** - Other **17%** - Series B **17%** ## What They Backed Sectors, last 12 months - AI **5** - Healthcare **2** - Cloud **1** - Fintech **1** - Food & Beverage **1** - Medical Devices **1** ## Cheques by Quarter Led Joined 2 Q1 25 Q2 25 1 Q3 25 1 Q4 25 1 Q1 26 2 Q2 26 1 Q3 26 1 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in London 4,496](https://millionrounds.com/lists/investors-based-in-london) - [Investors based in CA 3,746](https://millionrounds.com/lists/investors-based-in-ca) - [Investors based in NY 3,658](https://millionrounds.com/lists/investors-based-in-ny) - [Investors based in WA 2,473](https://millionrounds.com/lists/investors-based-in-wa) - [Investors based in San Francisco 2,377](https://millionrounds.com/lists/investors-based-in-san-francisco) - [Investors based in TX 2,250](https://millionrounds.com/lists/investors-based-in-tx) - [Investors based in Dubai 1,922](https://millionrounds.com/lists/investors-based-in-dubai) - [Investors based in Los Angeles 1,261](https://millionrounds.com/lists/investors-based-in-los-angeles) - [Investors based in Chicago 1,255](https://millionrounds.com/lists/investors-based-in-chicago) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Phoenix ### Who are the most active investors based in Phoenix? By cheques observed, the most active are Legend Ventures, Arizona Founders Fund, El Dorado Investment, Arizona Commerce Authority and Arizona Tech Investors. ### How many investors based in Phoenix are there? 216 are on record. 2% made an investment in the last 12 months and 1% have led a round. ### Which stages do investors based in Phoenix back? Of the rounds with a named stage in the last 12 months, mostly Series A (40%) and Series D+ (40%). ### How big are the rounds investors based in Phoenix join? The typical (median) round among the leading investors here is $5.5M. ### Which sectors do investors based in Phoenix back most? In the last 12 months, mostly AI, Healthcare and Cloud. ### Which investors based in Phoenix lead the most rounds? Banner Health (1 led) and Infinitum (1 led). ### What have investors based in Phoenix invested in recently? Recent rounds include FuriosaAI (Series D+, Oct 2026, with Infinitum), MarginEdge (Series D+, Aug 2026, with Western Alliance Bank) and Groq (Other, Jun 2026, with Infinitum). ### How is this list of investors based in Phoenix ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)