# Investors in rounds $20M to $100M (2026 list)

> 4,778 investors in rounds $20M to $100M, 85% active in the last 12 months. Led by Y Combinator, Techstars, 500 Global. Ranked by what they funded.

Source: https://millionrounds.com/lists/investors-in-rounds-20m-to-100m (Millionrounds; every figure on the page links to its filing or article)

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

# Investors in rounds $20M to $100M

Updated 7 November 2026

Firms we have watched take part in a round of $20M to $100M in the last two years. The size is the whole round as announced, not the firm's own cheque.

[See all 4,778 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-in-rounds-20m-to-100m)The top 25

**4,778** investors on the list *+70* this week

**31,305** cheques in 12 months *-7%* against the market

**$25M** median round they joined *+213%* against the market median

**85%** wrote a cheque in 12 months

**41%** 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 **6,412** **$3M** median round **Oct 2026** last seen
- 2 [Techstars](https://millionrounds.com/fund/techstars) *Deploying now* VC firm · United States **2,989** **$1.2M** median round **Nov 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 **2,099** **$35M** median round **Nov 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 **1,661** **$27M** median round **Nov 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 **1,598** **$12M** median round **Nov 2026** last seen
- 9 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** median round **Nov 2026** last seen
- 10 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **1,387** **$27M** median round **Nov 2026** last seen
- 11 [SV Angel](https://millionrounds.com/fund/sv-angel) *Deploying now* VC firm · United States **1,349** **$18M** median round **Oct 2026** last seen
- 12 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,341** **$32M** median round **Nov 2026** last seen
- 13 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) *Deploying now* VC firm · United States **1,341** **$35M** median round **Nov 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 [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) *Deploying now* VC firm · United States **1,128** **$26M** median round **Nov 2026** last seen
- 17 [Intel Capital](https://millionrounds.com/fund/intel-capital) *Deploying now* Corporate VC · United States **1,123** **$22M** median round **Oct 2026** last seen
- 18 [Founders Fund](https://millionrounds.com/fund/founders-fund) *Deploying now* VC firm · United States **1,122** **$15M** median round **Oct 2026** last seen
- 19 [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) *Deploying now* VC firm · United States **1,038** **$30M** median round **Nov 2026** last seen
- 20 [Index Ventures](https://millionrounds.com/fund/index-ventures) *Deploying now* VC firm · United Kingdom **1,027** **$31M** median round **Nov 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 **951** **$2.5M** median round **Nov 2026** last seen
- 24 [Google Ventures](https://millionrounds.com/fund/gv) *Deploying now* Corporate VC · United States **884** **$38M** 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

**4,753 more on this list**

All 4,778 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-in-rounds-20m-to-100m)

## The Newest Cheques

Rounds this list's investors joined most recently

- **7** Nov **[Arka Fincap](https://millionrounds.com/company/arka-fincap)** Other *Led by* [TPG](https://millionrounds.com/fund/tpg)
- **7** Nov **[LionBio Therapeutics](https://millionrounds.com/company/lionbio-therapeutics)** Pre-seed · $6M *With* [South Park Commons](https://millionrounds.com/fund/south-park-commons)
- **6** Nov **[TASE Global](https://millionrounds.com/company/tase-global)** Other · $32M *Led by* [ValueQuest Tristar Fund](https://millionrounds.com/fund/valuequest-tristar-fund)
- **6** Nov **[Banesco Banco Múltiple](https://millionrounds.com/company/banesco-banco-multiple)** Debt · $25M *Led by* [PROPARCO](https://millionrounds.com/fund/proparco)
- **6** Nov **[Water Ledger Global](https://millionrounds.com/company/water-ledger-global)** Other *With* [Launch Africa](https://millionrounds.com/fund/launch-africa-ventures)
- **6** Nov **[URobotics](https://millionrounds.com/company/urobotics)** Series A · $30M *Led by* [Kiwoom Investment](https://millionrounds.com/fund/kiwoom-investment)

## Stages This Year

10,904 rounds

- Seed **21%**
- Venture **20%**
- Series A **15%**
- Pre-seed **9%**
- Series B **7%**
- Other **28%**

## What They Backed

Sectors, last 12 months

- AI **3,746**
- Biotech **862**
- Healthcare **729**
- Fintech **642**
- Big Data & Analytics **521**
- Energy **482**

## Cheques by Quarter

Led Joined

8,446 Q1 25

8,558 Q2 25

9,295 Q3 25

9,988 Q4 25

9,647 Q1 26

8,156 Q2 26

7,098 Q3 26

2,597 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Investors in rounds $5M to $20M 5,222](https://millionrounds.com/lists/investors-in-rounds-5m-to-20m)
- [Investors in rounds $1M to $5M 4,106](https://millionrounds.com/lists/investors-in-rounds-1m-to-5m)
- [Investors in rounds $100M or more 3,359](https://millionrounds.com/lists/investors-in-rounds-100m-plus)
- [Investors in rounds under $1M 1,360](https://millionrounds.com/lists/investors-in-rounds-under-1m)

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

## Quick answers about investors in rounds $20M to $100M

### Who are the most active investors in rounds $20M to $100M?

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

### How many investors in rounds $20M to $100M are there?

4,778 are on record. 85% made an investment in the last 12 months and 41% have led a round.

### Which stages do investors in rounds $20M to $100M back?

Of the rounds with a named stage in the last 12 months, mostly Seed (30%) and Series A (21%).

### How big are the rounds investors in rounds $20M to $100M join?

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

### Which sectors do investors in rounds $20M to $100M back most?

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

### Which investors in rounds $20M to $100M lead the most rounds?

Andreessen Horowitz (114 led), Accel (103 led) and General Catalyst (97 led).

### Where are investors in rounds $20M to $100M 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 investors in rounds $20M to $100M invested in recently?

Recent rounds include Arka Fincap (Other, Nov 2026, with TPG), LionBio Therapeutics (Pre-seed, Nov 2026, with South Park Commons) and TASE Global (Other, Nov 2026, with ValueQuest Tristar Fund).

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