# Investors that lead rounds (2026 list)

> 4,805 investors that lead rounds, 66% active in the last 12 months. Led by Andreessen Horowitz, Accel, General Catalyst. Ranked by what they funded.

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

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

# Investors that lead rounds

Updated 7 November 2026

Firms observed leading at least one round. A lead sets the terms, so this is the list that matters when you need someone to anchor a raise.

[See all 4,805 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Flead-investors)The top 25

**4,805** investors on the list *+107* this week

**24,745** cheques in 12 months *0%* against the market

**$14M** median round they joined *+78%* against the market median

**66%** wrote a cheque in 12 months

**100%** have led a round

## The Top 25

Ordered by rounds led, never by anything anyone paid for

Deploying now (25)

- 1 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) *Deploying now* VC firm · United States **114 of 1,661** **$27M** median round **Nov 2026** last seen
- 2 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **103 of 1,341** **$32M** median round **Nov 2026** last seen
- 3 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **97 of 1,387** **$27M** median round **Nov 2026** last seen
- 4 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) *Deploying now* VC firm · United States **91 of 2,099** **$35M** median round **Nov 2026** last seen
- 5 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) *Deploying now* VC firm · United States **83 of 1,341** **$35M** median round **Nov 2026** last seen
- 6 [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) *Deploying now* VC firm · United States **73 of 1,610** **$34M** median round **Oct 2026** last seen
- 7 [Foundry Group](https://millionrounds.com/fund/foundry) *Deploying now* VC firm · United States **64 of 352** **$15M** median round **Oct 2026** last seen
- 8 [Index Ventures](https://millionrounds.com/fund/index-ventures) *Deploying now* VC firm · United Kingdom **62 of 1,027** **$31M** median round **Nov 2026** last seen
- 9 [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) *Deploying now* VC firm · United States **57 of 1,128** **$26M** median round **Nov 2026** last seen
- 10 [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) *Deploying now* VC firm · United States **51 of 1,038** **$30M** median round **Nov 2026** last seen
- 11 [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) *Deploying now* VC firm · United States **43 of 765** **$40M** median round **Oct 2026** last seen
- 12 [Founders Fund](https://millionrounds.com/fund/founders-fund) *Deploying now* VC firm · United States **42 of 1,122** **$15M** median round **Oct 2026** last seen
- 13 [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) *Deploying now* VC firm · United States **42 of 773** **$47M** median round **Nov 2026** last seen
- 14 [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) *Deploying now* VC firm · United States **39 of 740** **$37M** median round **Oct 2026** last seen
- 15 [Google Ventures](https://millionrounds.com/fund/gv) *Deploying now* Corporate VC · United States **33 of 884** **$38M** median round **Oct 2026** last seen
- 16 [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) *Deploying now* VC firm · United States **33 of 398** **$40M** median round **Nov 2026** last seen
- 17 [General Atlantic](https://millionrounds.com/fund/general-atlantic) *Deploying now* Private equity · United States **32 of 273** **$127M** median round **Oct 2026** last seen
- 18 [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) *Deploying now* VC firm · United States **31 of 524** **$27M** median round **Nov 2026** last seen
- 19 [QED Investors](https://millionrounds.com/fund/qed-investors) *Deploying now* VC firm · United States **31 of 314** **$29M** median round **Oct 2026** last seen
- 20 [Battery Ventures](https://millionrounds.com/fund/battery-ventures) *Deploying now* VC firm · United States **29 of 658** **$32M** median round **Nov 2026** last seen
- 21 [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) *Deploying now* VC firm · United States **29 of 205** **$60M** median round **Oct 2026** last seen
- 22 [8VC](https://millionrounds.com/fund/8vc) *Deploying now* VC firm · United States **26 of 497** **$23M** median round **Oct 2026** last seen
- 23 [Spark Capital](https://millionrounds.com/fund/spark-capital) *Deploying now* VC firm · United States **26 of 471** **$40M** median round **Oct 2026** last seen
- 24 [Point72 Ventures](https://millionrounds.com/fund/point72-ventures) *Deploying now* VC firm · United States **26 of 148** **$15M** median round **Nov 2026** last seen
- 25 [Coatue](https://millionrounds.com/fund/coatue-management) *Deploying now* VC firm · United States **25 of 404** **$85M** median round **Oct 2026** last seen

**4,780 more on this list**

All 4,805 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%2Flead-investors)

## 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 **[MucoLife Therapeutics](https://millionrounds.com/company/mucolife-therapeutics)** Grant · $102K *Led by* [Vinnova](https://millionrounds.com/fund/vinnova)
- **6** Nov **[Caledonia Mining Corporation](https://millionrounds.com/company/caledonia-mining-corporation)** Debt · $150M *Led by* [Eight Zimbabwean banks](https://millionrounds.com/fund/eight-zimbabwean-banks)
- **6** Nov **[Banesco Banco Múltiple](https://millionrounds.com/company/banesco-banco-multiple)** Debt · $25M *Led by* [PROPARCO](https://millionrounds.com/fund/proparco)

## Stages This Year

10,177 rounds

- Seed **21%**
- Venture **18%**
- Series A **16%**
- Pre-seed **9%**
- Other **8%**
- Other **28%**

## What They Backed

Sectors, last 12 months

- AI **3,688**
- Biotech **775**
- Healthcare **695**
- Fintech **688**
- Big Data & Analytics **510**
- Energy **469**

## Cheques by Quarter

Led Joined

6,202 Q1 25

6,439 Q2 25

6,813 Q3 25

7,465 Q4 25

7,306 Q1 26

6,382 Q2 26

5,678 Q3 26

2,510 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Investors that just raised a fund 10,562](https://millionrounds.com/lists/raised-recently)
- [Investors deploying right now 9,425](https://millionrounds.com/lists/deploying-now)
- [Investors that accept cold approaches 8,040](https://millionrounds.com/lists/accepts-cold-approaches)
- [Investors active in the last 90 days 5,485](https://millionrounds.com/lists/active-last-90-days)
- [Investors new to the market 4,994](https://millionrounds.com/lists/new-to-the-market)
- [Investors that often back a round alone 3,454](https://millionrounds.com/lists/invest-alone)
- [Investors that back companies abroad 1,450](https://millionrounds.com/lists/cross-border-investors)
- [Investors that follow on 727](https://millionrounds.com/lists/follow-on-investors)
- [Investors speeding up 599](https://millionrounds.com/lists/accelerating)

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

## Quick answers about investors that lead rounds

### Who are the most active investors that lead rounds?

By rounds led, the most active are Andreessen Horowitz, Accel, General Catalyst, Sequoia Capital and Lightspeed Venture Partners.

### How many investors that lead rounds are there?

4,805 are on record. 66% made an investment in the last 12 months and 100% have led a round.

### Which stages do investors that lead rounds back?

Of the rounds with a named stage in the last 12 months, mostly Seed (29%) and Series A (22%).

### How big are the rounds investors that lead rounds join?

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

### Which sectors do investors that lead rounds back most?

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

### Which investors that lead rounds lead the most rounds?

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

### Where are investors that lead rounds based?

Most of the leading investors here are based in the United States (24 of the top 25); the rest in the United Kingdom.

### What have investors that lead rounds 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)