# Investors with three or more IPOs (2026 list) > 92 investors with three or more IPOs, 61% active in the last 12 months. Led by Kleiner Perkins Caufield & Byers, Sequoia Capital, New Enterprise Associates. Source: https://millionrounds.com/lists/investors-with-several-ipos (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors with three or more IPOs Updated 7 November 2026 Firms that backed three or more companies before they went public. Rare, and a fair sign of a firm that picks companies early and stays with them. [See all 92 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-with-several-ipos)The top 25 **92** investors on the list No change this week **2,343** cheques in 12 months *+10%* against the market **$32M** median round they joined *+300%* against the market median **61%** wrote a cheque in 12 months **62%** 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 **67 more on this list** All 92 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-several-ipos) ## 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 **[Shield AI](https://millionrounds.com/company/shield-ai)** $2B *With* [Clarus Ventures](https://millionrounds.com/fund/blackstone) - **6** Nov **[Thinking Machines Lab](https://millionrounds.com/company/thinking-machines-lab)** Other · $5B *Led by* [Accel](https://millionrounds.com/fund/accel) - **5** Nov **[Telarus](https://millionrounds.com/company/telarus)** Round *With* [Columbia Capital](https://millionrounds.com/fund/columbia-capital) - **4** Nov **[Shackleton AI](https://millionrounds.com/company/shackleton-ai)** Seed · $5M *Led by* [Battery Ventures](https://millionrounds.com/fund/battery-ventures) ## Stages This Year 1,673 rounds - Series A **18%** - Venture **14%** - Seed **14%** - Series B **12%** - Series C **9%** - Other **33%** ## What They Backed Sectors, last 12 months - AI **878** - Fintech **140** - Biotech **117** - Big Data & Analytics **116** - Healthcare **98** - Cybersecurity **96** ## Cheques by Quarter Led Joined 469 Q1 25 539 Q2 25 645 Q3 25 709 Q4 25 698 Q1 26 612 Q2 26 561 Q3 26 199 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 an IPO in their portfolio 703](https://millionrounds.com/lists/investors-with-ipo-exits) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors with three or more IPOs ### Who are the most active investors with three or more IPOs? By IPOs, the most active are Kleiner Perkins Caufield & Byers, Sequoia Capital, New Enterprise Associates, Meritech Capital Partners and Benchmark. ### How many investors with three or more IPOs are there? 92 are on record. 61% made an investment in the last 12 months and 62% have led a round. ### Which stages do investors with three or more IPOs back? Of the rounds with a named stage in the last 12 months, mostly Series A (25%) and Seed (19%). ### How big are the rounds investors with three or more IPOs join? The typical (median) round among the leading investors here is $32M. ### Which sectors do investors with three or more IPOs back most? In the last 12 months, mostly AI, Fintech and Biotech. ### Which investors with three or more IPOs lead the most rounds? Accel (103 led), Sequoia Capital (91 led) and New Enterprise Associates (73 led). ### Where are investors with three or more IPOs based? Most of the leading investors here are based in the United States (25 of the top 25). ### What have investors with three or more IPOs invested in recently? Recent rounds include Arka Fincap (Other, Nov 2026, with TPG), Fathom Therapeutics (Nov 2026, with Sutter Hill Ventures) and Shield AI (Nov 2026, with Clarus Ventures). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)