# Investors with an IPO in their portfolio (2026 list)

> 703 investors with an IPO in their portfolio, 28% active in the last 12 months. Led by Kleiner Perkins Caufield & Byers, Sequoia Capital, New Enterprise...

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

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

# Investors with an IPO in their portfolio

Updated 7 November 2026

Firms that backed a company before it went public. The listing comes from our record of exits and is matched to the rounds we watched the firm take part in.

[See all 703 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-with-ipo-exits)The top 25

**703** investors on the list No change this week

**5,117** cheques in 12 months *+2%* against the market

**$20M** median round they joined *+150%* against the market median

**28%** wrote a cheque in 12 months

**28%** have led a round

## The Top 25

Ordered by IPOs, never by anything anyone paid for

Deploying now (23)

- 1 [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) *Deploying now* VC firm · United States **17** **$30M** median round **Oct 2026** last seen
- 2 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) *Deploying now* VC firm · United States **16** **$35M** median round **Nov 2026** last seen
- 3 [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) *Deploying now* VC firm · United States **15** **$34M** median round **Oct 2026** last seen
- 4 [Meritech Capital Partners](https://millionrounds.com/fund/meritech-capital-partners) *Deploying now* VC firm · United States **12** **$92M** median round **Oct 2026** last seen
- 5 [Benchmark](https://millionrounds.com/fund/benchmark) *Deploying now* VC firm · United States **11** **$30M** median round **Oct 2026** last seen
- 6 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **10** **$32M** median round **Nov 2026** last seen
- 7 [DFJ](https://millionrounds.com/fund/dfj) *Deploying now* VC firm · United States **10** **$52M** median round **Nov 2026** last seen
- 8 [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) *Deploying now* Private equity · United States **10** **$56M** median round **Oct 2026** last seen
- 9 [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) *Deploying now* Private equity · United States **9** **$73M** median round **Oct 2026** last seen
- 10 [Greylock](https://millionrounds.com/fund/greylock-partners) *Deploying now* VC firm · United States **9** **$25M** median round **Oct 2026** last seen
- 11 [SV Angel](https://millionrounds.com/fund/sv-angel) *Deploying now* VC firm · United States **8** **$18M** median round **Oct 2026** last seen
- 12 [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) *Deploying now* VC firm · United States **8** **$30M** median round **Nov 2026** last seen
- 13 [IVP](https://millionrounds.com/fund/ivp) *Deploying now* VC firm · United States **8** **$100M** median round **Oct 2026** last seen
- 14 [Venrock](https://millionrounds.com/fund/venrock) *Deploying now* VC firm · United States **7** **$36M** median round **Oct 2026** last seen
- 15 [Austin Ventures](https://millionrounds.com/fund/austin-ventures) quiet VC firm · United States **7** **$28M** median round **Apr 2016** last seen
- 16 [Domain Associates](https://millionrounds.com/fund/domain-associates) quiet VC firm · United States **7** **$28M** median round **Dec 2019** last seen
- 17 [MPM Capital](https://millionrounds.com/fund/mpm-bioimpact) *Deploying now* Private equity · United States **7** **$60M** median round **Dec 2025** last seen
- 18 [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) *Deploying now* VC firm · United States **6** **$40M** median round **Oct 2026** last seen
- 19 [Redpoint](https://millionrounds.com/fund/redpoint) *Deploying now* VC firm · United States **6** **$32M** median round **Nov 2026** last seen
- 20 [CRV](https://millionrounds.com/fund/crv) *Deploying now* VC firm · United States **6** **$20M** median round **Oct 2026** last seen
- 21 [SVB Capital](https://millionrounds.com/fund/svb-capital) *Deploying now* VC firm · United States **6** **$20M** median round **Oct 2026** last seen
- 22 [Foundation Capital](https://millionrounds.com/fund/foundation-capital) *Deploying now* VC firm · United States **6** **$13M** median round **Oct 2026** last seen
- 23 [GGV Capital](https://millionrounds.com/fund/ggv-capital) *Deploying now* VC firm · United States **6** **$21M** median round **Jun 2026** last seen
- 24 [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners) *Deploying now* VC firm · United States **6** **$70M** median round **Oct 2026** last seen
- 25 [Sofinnova Investments](https://millionrounds.com/fund/sofinnova-investments) *Deploying now* VC firm · United States **6** **$39M** median round **Oct 2026** last seen

**678 more on this list**

All 703 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-with-ipo-exits)

## 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)
- **6** Nov **[Fathom Therapeutics](https://millionrounds.com/company/fathom-therapeutics)** Round *With* [Sutter Hill Ventures](https://millionrounds.com/fund/sutter-hill-ventures)
- **6** Nov **[Physicl](https://millionrounds.com/company/physicl)** Seed · $10M *With* [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp)
- **6** Nov **[Shield AI](https://millionrounds.com/company/shield-ai)** $2B *With* [Clarus Ventures](https://millionrounds.com/fund/blackstone)
- **6** Nov **[Ocient](https://millionrounds.com/company/ocient)** Series C · $100M *With* [In-Q-Tel](https://millionrounds.com/fund/iqt)
- **6** Nov **[Thinking Machines Lab](https://millionrounds.com/company/thinking-machines-lab)** Other · $5B *Led by* [Accel](https://millionrounds.com/fund/accel)

## Stages This Year

3,258 rounds

- Series A **19%**
- Venture **16%**
- Seed **14%**
- Series B **12%**
- Other **9%**
- Other **31%**

## What They Backed

Sectors, last 12 months

- AI **1,398**
- Biotech **329**
- Healthcare **218**
- Fintech **215**
- Big Data & Analytics **182**
- Cybersecurity **131**

## Cheques by Quarter

Led Joined

1,186 Q1 25

1,298 Q2 25

1,410 Q3 25

1,584 Q4 25

1,579 Q1 26

1,398 Q2 26

1,162 Q3 26

393 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Investors with five or more acquisitions 959](https://millionrounds.com/lists/investors-with-acquisitions)
- [Investors with three or more IPOs 92](https://millionrounds.com/lists/investors-with-several-ipos)

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

## Quick answers about investors with an IPO in their portfolio

### Who are the most active investors with an IPO in their portfolio?

By IPOs, the most active are Kleiner Perkins Caufield & Byers, Sequoia Capital, New Enterprise Associates, Meritech Capital Partners and Benchmark.

### How many investors with an IPO in their portfolio are there?

703 are on record. 28% made an investment in the last 12 months and 28% have led a round.

### Which stages do investors with an IPO in their portfolio back?

Of the rounds with a named stage in the last 12 months, mostly Series A (26%) and Seed (19%).

### How big are the rounds investors with an IPO in their portfolio join?

The typical (median) round among the leading investors here is $32M.

### Which sectors do investors with an IPO in their portfolio back most?

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

### Which investors with an IPO in their portfolio lead the most rounds?

Accel (103 led), Sequoia Capital (91 led) and New Enterprise Associates (73 led).

### Where are investors with an IPO in their portfolio based?

Most of the leading investors here are based in the United States (25 of the top 25).

### What have investors with an IPO in their portfolio invested in recently?

Recent rounds include Arka Fincap (Other, Nov 2026, with TPG), Fathom Therapeutics (Nov 2026, with Sutter Hill Ventures) and Physicl (Seed, Nov 2026, with U.S. Venture Partners).

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