# Investors based in San Francisco, CA (2026 list) > 63 investors based in San Francisco, CA, 2% active in the last 12 months. Led by BURST Capital Management, LLC, Armentum Partners, Dunlap Equity Management... Source: https://millionrounds.com/lists/investors-based-in-san-francisco-ca (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in San Francisco, CA Updated 7 November 2026 Firms with an address in San Francisco, CA. A head office is a fact about the firm; where it invests is on its own page. [See all 63 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-san-francisco-ca)The top 25 **63** investors on the list No change this week **3** cheques in 12 months Too few cheques to tell **$13M** median round they joined *+59%* against the market median **2%** wrote a cheque in 12 months **0%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (1) - 1 [BURST Capital Management, LLC](https://millionrounds.com/fund/burst-capital-management-llc) *Deploying now* VC firm · United States **8** **$13M** median round **Oct 2026** last seen - 2 [Armentum Partners](https://millionrounds.com/fund/armentum-partners) unknown VC firm · United States **none observed** **-** median round **-** last seen - 3 [Dunlap Equity Management, LLC.](https://millionrounds.com/fund/dunlap-equity-management-llc) unknown United States **none observed** **-** median round **-** last seen - 4 [FIRST Generation Holdings LLC](https://millionrounds.com/fund/first-generation-holdings-llc) unknown United States **none observed** **-** median round **-** last seen - 5 [Great Gable Partners, LP](https://millionrounds.com/fund/great-gable-partners-lp) unknown United States **none observed** **-** median round **-** last seen - 6 [Include Venture Partners Management, LLC](https://millionrounds.com/fund/include-venture-partners-management-llc) unknown United States **none observed** **-** median round **-** last seen - 7 [Inclusive Capital Partners, L.P.](https://millionrounds.com/fund/inclusive-capital-partners-l-p) unknown United States **none observed** **-** median round **-** last seen - 8 [Marathon Resource Advisors LLC](https://millionrounds.com/fund/marathon-resource-advisors-llc) unknown United States **none observed** **-** median round **-** last seen - 9 [Permian Capital LLC](https://millionrounds.com/fund/permian-capital-llc) unknown United States **none observed** **-** median round **-** last seen - 10 [Prime SET Management, LLC](https://millionrounds.com/fund/prime-set-management-llc) unknown United States **none observed** **-** median round **-** last seen - 11 [Stonerise Capital Management, LLC](https://millionrounds.com/fund/stonerise-capital-management-llc) unknown United States **none observed** **-** median round **-** last seen - 12 [Stonks Advisors LLC](https://millionrounds.com/fund/stonks-advisors-llc) unknown United States **none observed** **-** median round **-** last seen - 13 [University of San Francisco](https://millionrounds.com/fund/university-of-san-francisco) unknown Institutional LP · United States **none observed** **-** median round **-** last seen - 14 [Vanarth Investment Management LLC](https://millionrounds.com/fund/vanarth-investment-management-llc) unknown United States **none observed** **-** median round **-** last seen - 15 [Additional Ventures Foundation](https://millionrounds.com/fund/additional-ventures-foundation) unknown Institutional LP · United States **none observed** **-** median round **-** last seen - 16 [Aphorism Foundation](https://millionrounds.com/fund/aphorism-foundation) unknown Institutional LP · United States **none observed** **-** median round **-** last seen - 17 [Baker Street Foundation](https://millionrounds.com/fund/baker-street-foundation) unknown Institutional LP · United States **none observed** **-** median round **-** last seen - 18 [California College of the Arts](https://millionrounds.com/fund/california-college-of-the-arts) unknown Institutional LP · United States **none observed** **-** median round **-** last seen - 19 [Charles and Helen Schwab Foundation](https://millionrounds.com/fund/charles-and-helen-schwab-foundation) unknown Institutional LP · United States **none observed** **-** median round **-** last seen - 20 [Crabill Family Foundation](https://millionrounds.com/fund/crabill-family-foundation) unknown Institutional LP · United States **none observed** **-** median round **-** last seen - 21 [Crescent Porter Hale Foundation](https://millionrounds.com/fund/crescent-porter-hale-foundation) unknown Institutional LP · United States **none observed** **-** median round **-** last seen - 22 [Elbridge Stuart Foundation](https://millionrounds.com/fund/elbridge-stuart-foundation) unknown Institutional LP · United States **none observed** **-** median round **-** last seen - 23 [Esb Charitable Foundation](https://millionrounds.com/fund/esb-charitable-foundation) unknown Institutional LP · United States **none observed** **-** median round **-** last seen - 24 [Eucalyptus Foundation](https://millionrounds.com/fund/eucalyptus-foundation) unknown Institutional LP · United States **none observed** **-** median round **-** last seen - 25 [Evan Williams Foundation](https://millionrounds.com/fund/evan-williams-foundation) unknown Institutional LP · United States **none observed** **-** median round **-** last seen **38 more on this list** All 63 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-san-francisco-ca) ## The Newest Cheques Rounds this list's investors joined most recently - **29** Oct **[Mintive](https://millionrounds.com/company/mintive)** Seed · $7M *With* [BURST Capital Management, LLC](https://millionrounds.com/fund/burst-capital-management-llc) - **7** Oct **[Namespace](https://millionrounds.com/company/namespace)** Series B · $42M *With* [BURST Capital Management, LLC](https://millionrounds.com/fund/burst-capital-management-llc) - **28** Jul **[Weave](https://millionrounds.com/company/weave)** Series A · $14M *With* [BURST Capital Management, LLC](https://millionrounds.com/fund/burst-capital-management-llc) - **12** Mar **[Pickle](https://millionrounds.com/company/pickle)** Series A · $12M *With* [BURST Capital Management, LLC](https://millionrounds.com/fund/burst-capital-management-llc) - **24** Jan **[Baton](https://millionrounds.com/company/baton)** Series A · $10M *With* [BURST Capital Management, LLC](https://millionrounds.com/fund/burst-capital-management-llc) - **23** May **[Instawork](https://millionrounds.com/company/instawork)** Other · $18M *With* [BURST Capital Management, LLC](https://millionrounds.com/fund/burst-capital-management-llc) ## Stages This Year 3 rounds - Seed **33%** - Series A **33%** - Series B **33%** ## What They Backed Sectors, last 12 months - AI **3** - Developer Tools **2** - Big Data & Analytics **1** - Cloud **1** - Cybersecurity **1** - Enterprise Software **1** ## Cheques by Quarter Led Joined 2 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 1 Q3 26 2 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 San Francisco, CA ### Who are the most active investors based in San Francisco, CA? By cheques observed, the most active are BURST Capital Management, LLC, Armentum Partners, Dunlap Equity Management, LLC., FIRST Generation Holdings LLC and Great Gable Partners, LP. ### How many investors based in San Francisco, CA are there? 63 are on record. 2% made an investment in the last 12 months. ### Which stages do investors based in San Francisco, CA back? Of the rounds with a named stage in the last 12 months, mostly Seed (33%) and Series A (33%). ### Which sectors do investors based in San Francisco, CA back most? In the last 12 months, mostly AI, Developer Tools and Big Data & Analytics. ### What have investors based in San Francisco, CA invested in recently? Recent rounds include Mintive (Seed, Oct 2026, with BURST Capital Management, LLC), Namespace (Series B, Oct 2026, with BURST Capital Management, LLC) and Weave (Series A, Jul 2026, with BURST Capital Management, LLC). ### How is this list of investors based in San Francisco, CA ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. ### Can I see all 63 investors based in San Francisco, CA? The top 25 are here. All 63 are in the app, with filters for stage, sector, market and cheque size. A free account shows 10 per search, Pro up to 1,000. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)