# IoT lead investors (2026 list) > 63 ioT lead investors, 89% active in the last 12 months. Led by Founders Fund, First Round Capital, Balderton Capital. Ranked by what they funded. Source: https://millionrounds.com/lists/iot-lead-investors (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # IoT lead investors Updated 7 November 2026 Firms we have watched lead a round raised by an ioT company in the last two years. Leading is rarer than taking part, and it is the role a founder most needs filled. [See all 63 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fiot-lead-investors)The top 25 **63** investors on the list No change this week **667** cheques in 12 months *+6%* against the market **$13M** median round they joined *+67%* against the market median **89%** wrote a cheque in 12 months **100%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Founders Fund](https://millionrounds.com/fund/founders-fund) *Deploying now* VC firm · United States **1,122** **$15M** median round **Oct 2026** last seen - 2 [First Round Capital](https://millionrounds.com/fund/first-round-capital) *Deploying now* VC firm · United States **807** **$18M** median round **Oct 2026** last seen - 3 [Balderton Capital](https://millionrounds.com/fund/balderton-capital) *Deploying now* VC firm · United Kingdom **368** **$30M** median round **Oct 2026** last seen - 4 [Animoca Brands](https://millionrounds.com/fund/animoca-brands) *Deploying now* Accelerator · Hong Kong SAR China **318** **$5M** median round **Nov 2026** last seen - 5 [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) *Deploying now* VC firm · United States **292** **$75M** median round **Oct 2026** last seen - 6 [Quiet Capital](https://millionrounds.com/fund/quiet-capital) *Deploying now* VC firm · United States **283** **$17M** median round **Oct 2026** last seen - 7 [CDH Investments](https://millionrounds.com/fund/cdh-investments) *Deploying now* Private equity · Hong Kong SAR China **190** **$30M** median round **Oct 2026** last seen - 8 [Bond](https://millionrounds.com/fund/bond) *Deploying now* Growth equity · United States **154** **$47M** median round **Sept 2026** last seen - 9 [Canary](https://millionrounds.com/fund/canary) *Deploying now* VC firm · Brazil **141** **$6M** median round **Nov 2026** last seen - 10 [Scout Ventures](https://millionrounds.com/fund/scout-ventures) *Deploying now* VC firm · United States **124** **$5.1M** median round **Sept 2026** last seen - 11 [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) *Deploying now* VC firm · United States **108** **$30M** median round **Nov 2026** last seen - 12 [Main Sequence Ventures](https://millionrounds.com/fund/main-sequence) *Deploying now* VC firm · Australia **84** **$13M** median round **Sept 2026** last seen - 13 [Aramco Ventures](https://millionrounds.com/fund/aramco-ventures) *Deploying now* Corporate VC · Saudi Arabia **60** **$27M** median round **Sept 2026** last seen - 14 [LIFTT](https://millionrounds.com/fund/liftt) *Deploying now* VC firm · Italy **51** **$3.1M** median round **Sept 2026** last seen - 15 [New Science Venture](https://millionrounds.com/fund/new-science-ventures) *Deploying now* VC firm · United States **50** **$12M** median round **Oct 2026** last seen - 16 [SP Ventures](https://millionrounds.com/fund/sp-ventures-2) *Deploying now* VC firm · Brazil **49** **$3M** median round **Oct 2026** last seen - 17 [Voima Ventures](https://millionrounds.com/fund/voima-ventures) *Deploying now* VC firm · Finland **47** **$4M** median round **Oct 2026** last seen - 18 [Asymmetric Capital Partners](https://millionrounds.com/fund/asymmetric) *Deploying now* VC firm · United States **44** **$8.3M** median round **Sept 2026** last seen - 19 [Innovation Industries](https://millionrounds.com/fund/innovation-industries) *Deploying now* VC firm · Netherlands **44** **$16M** median round **Oct 2026** last seen - 20 [Quantonation](https://millionrounds.com/fund/quantonation) *Deploying now* VC firm · France **43** **$11M** median round **Nov 2026** last seen - 21 [Up Partners](https://millionrounds.com/fund/up-partners) *Deploying now* VC firm · United States **42** **$10M** median round **Sept 2026** last seen - 22 [Verdane](https://millionrounds.com/fund/verdane) *Deploying now* Private equity · Norway **36** **$19M** median round **Oct 2026** last seen - 23 [GreenSky Ventures](https://millionrounds.com/fund/greensky-ventures) *Deploying now* VC firm · Canada **35** **$2M** median round **Oct 2026** last seen - 24 [Angeleno Group](https://millionrounds.com/fund/angeleno-group) *Deploying now* VC firm · United States **28** **$29M** median round **Dec 2025** last seen - 25 [NGP Capital](https://millionrounds.com/fund/ngp-capital) *Deploying now* VC firm · United States **15** **$35M** median round **Mar 2026** 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%2Fiot-lead-investors) ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Humble Robotics](https://millionrounds.com/company/humble-robotics)** Series A · $51M *With* [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) - **5** Nov **[Quint Computing](https://millionrounds.com/company/quint-computing)** Series A · $10M *With* [Quantonation](https://millionrounds.com/fund/quantonation) - **4** Nov **[Bullshot](https://millionrounds.com/company/bullshot)** Other · $7.7M *Led by* [Animoca Brands](https://millionrounds.com/fund/animoca-brands) - **3** Nov **[Wormsensing](https://millionrounds.com/company/wormsensing)** Series A · $11M *Led by* [Orano Venture Fund](https://millionrounds.com/fund/orano-venture-fund) - **3** Nov **[T45 Labs](https://millionrounds.com/company/t45-labs)** Other *With* [The O.H.I.O. Fund](https://millionrounds.com/fund/the-o-h-i-o-fund) - **3** Nov **[Vereda](https://millionrounds.com/company/vereda)** Seed · $5.5M *Led by* [Canary](https://millionrounds.com/fund/canary) ## Stages This Year 616 rounds - Seed **18%** - Series A **17%** - Venture **16%** - Series B **11%** - Series C **7%** - Other **31%** ## What They Backed Sectors, last 12 months - AI **251** - Biotech **40** - Fintech **39** - Aerospace & Space **38** - Big Data & Analytics **36** - Defence Tech **34** ## Cheques by Quarter Led Joined 148 Q1 25 180 Q2 25 175 Q3 25 176 Q4 25 205 Q1 26 183 Q2 26 151 Q3 26 54 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI lead investors 1,723](https://millionrounds.com/lists/ai-lead-investors) - [Lead investors in United States 1,370](https://millionrounds.com/lists/lead-investors-in-united-states) - [Seed lead investors 1,091](https://millionrounds.com/lists/seed-lead-investors) - [Series A lead investors 920](https://millionrounds.com/lists/series-a-lead-investors) - [Fintech lead investors 763](https://millionrounds.com/lists/fintech-lead-investors) - [Series B lead investors 579](https://millionrounds.com/lists/series-b-lead-investors) - [Growth lead investors 555](https://millionrounds.com/lists/growth-lead-investors) - [Robotics lead investors 397](https://millionrounds.com/lists/robotics-lead-investors) - [Pre-seed lead investors 396](https://millionrounds.com/lists/pre-seed-lead-investors) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about ioT lead investors ### Who are the most active ioT lead investors? By cheques observed, the most active are Founders Fund, First Round Capital, Balderton Capital, Animoca Brands and Sapphire Ventures. ### How many ioT lead investors are there? 63 are on record. 89% made an investment in the last 12 months and 100% have led a round. ### Which stages do ioT lead investors back? Of the rounds with a named stage in the last 12 months, mostly Seed (24%) and Series A (24%). ### How big are the rounds ioT lead investors join? The typical (median) round among the leading investors here is $15M. ### Which sectors do ioT lead investors back most? In the last 12 months, mostly AI, Biotech and Fintech. ### Which ioT lead investors lead the most rounds? Founders Fund (42 led), Balderton Capital (22 led) and Sapphire Ventures (17 led). ### Where are ioT lead investors based? Among the most active, most are based in the United States (12), Hong Kong SAR China (2) and Brazil (2). ### What have ioT lead investors invested in recently? Recent rounds include Humble Robotics (Series A, Nov 2026, with Energy Impact Partners), Quint Computing (Series A, Nov 2026, with Quantonation) and Bullshot (Other, Nov 2026, with Animoca Brands). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)