# Investors new to the market (2026 list) > 4,994 investors new to the market, 100% active in the last 12 months. Led by PXN Ventures, Seligman Ventures, Empirical Ventures. Ranked by what they funded. Source: https://millionrounds.com/lists/new-to-the-market (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors new to the market Updated 7 November 2026 Firms whose first cheque we saw in the last twelve months. A newcomer is building a portfolio and usually easier to reach than an established name. [See all 4,994 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fnew-to-the-market)The top 25 **4,994** investors on the list *+293* this week **6,044** cheques in 12 months Too few cheques to tell **$16M** median round they joined *+94%* against the market median **100%** wrote a cheque in 12 months **19%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [PXN Ventures](https://millionrounds.com/fund/pxn-ventures) *Deploying now* VC firm · United Kingdom **10** **$7.4M** median round **Nov 2026** last seen - 2 [Seligman Ventures](https://millionrounds.com/fund/seligman-ventures) *Deploying now* VC firm **10** **$118M** median round **Oct 2026** last seen - 3 [Empirical Ventures](https://millionrounds.com/fund/empirical-ventures) *Deploying now* VC firm · United States **9** **$4M** median round **Oct 2026** last seen - 4 [Curiosity VC](https://millionrounds.com/fund/curiosity-vc) *Deploying now* VC firm · Netherlands **8** **$1.8M** median round **Oct 2026** last seen - 5 [Hanabi Capital](https://millionrounds.com/fund/hanabi-capital) *Deploying now* VC firm · United States **8** **$100M** median round **Nov 2026** last seen - 6 [N47](https://millionrounds.com/fund/n47) *Deploying now* VC firm · United States **8** **$43M** median round **Oct 2026** last seen - 7 [Gorilla Capital Fund III](https://millionrounds.com/fund/gorilla-capital-fund-iii) *Deploying now* Investment firm **8** **-** median round **Oct 2026** last seen - 8 [Araya Ventures](https://millionrounds.com/fund/araya-ventures) *Deploying now* VC firm · United Kingdom **7** **$5.5M** median round **Nov 2026** last seen - 9 [Standard Capital](https://millionrounds.com/fund/standard-capital) *Deploying now* VC firm · United States **7** **$15M** median round **Oct 2026** last seen - 10 [Thayer Investment Partners](https://millionrounds.com/fund/thayer-investment-partners) *Deploying now* VC firm · United States **7** **$36M** median round **Nov 2026** last seen - 11 [Datadog](https://millionrounds.com/fund/datadog) *Deploying now* Corporate VC · United States **6** **$40M** median round **Oct 2026** last seen - 12 [GL Ventures](https://millionrounds.com/fund/gl-ventures) *Deploying now* VC firm **6** **$39M** median round **Nov 2026** last seen - 13 [Layer Global](https://millionrounds.com/fund/layer-global) *Deploying now* VC firm · United States **6** **$1B** median round **Nov 2026** last seen - 14 [Picture Capital](https://millionrounds.com/fund/picture-capital) *Deploying now* Private equity **6** **$90M** median round **Oct 2026** last seen - 15 [Snowpoint Ventures](https://millionrounds.com/fund/snowpoint-ventures) *Deploying now* VC firm · United States **6** **$650M** median round **Oct 2026** last seen - 16 [Evantic](https://millionrounds.com/fund/evantic) *Deploying now* VC firm · United States **6** **$200M** median round **Sept 2026** last seen - 17 [JPMorgan Chase's Strategic Investment Group](https://millionrounds.com/fund/jpmorgan-chase-s-strategic-investment-group) *Deploying now* Growth equity **6** **$1.4B** median round **Oct 2026** last seen - 18 [KDB](https://millionrounds.com/fund/kdb) *Deploying now* VC firm **6** **-** median round **Oct 2026** last seen - 19 [Spice Expeditions](https://millionrounds.com/fund/spice-expeditions) *Deploying now* Growth equity **6** **$120M** median round **Oct 2026** last seen - 20 [Vine Ventures](https://millionrounds.com/fund/vine-ventures-3) *Deploying now* VC firm · United States **6** **$85M** median round **Sept 2026** last seen - 21 [8090 Industries](https://millionrounds.com/fund/8090-industries) *Deploying now* VC firm · United States **5** **$225M** median round **Aug 2026** last seen - 22 [ANTI FUND](https://millionrounds.com/fund/anti-fund) *Deploying now* VC firm · United States **5** **$20M** median round **Oct 2026** last seen - 23 [Calm/Storm](https://millionrounds.com/fund/calm-storm) *Deploying now* VC firm · Austria **5** **$9.1M** median round **Sept 2026** last seen - 24 [Cerberus Ventures](https://millionrounds.com/fund/cerberus-ventures) *Deploying now* VC firm · United States **5** **$42M** median round **Nov 2026** last seen - 25 [Crosspoint Capital Partners](https://millionrounds.com/fund/crosspoint-capital-partners) *Deploying now* Private equity · United States **5** **$100M** median round **Oct 2026** last seen **4,969 more on this list** All 4,994 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%2Fnew-to-the-market) ## The Newest Cheques Rounds this list's investors joined most recently - **7** Nov **[LionBio Therapeutics](https://millionrounds.com/company/lionbio-therapeutics)** Pre-seed · $6M *With* [Robin Guo](https://millionrounds.com/fund/robin-guo) - **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 **[aSand.ai](https://millionrounds.com/company/asand-ai)** Series A · $200M *Led by* [Wangsu Science & Technology](https://millionrounds.com/fund/wangsu-science-and-technology) - **6** Nov **[URobotics](https://millionrounds.com/company/urobotics)** Series A · $30M *Led by* [Kiwoom Investment](https://millionrounds.com/fund/kiwoom-investment) ## Stages This Year 2,746 rounds - Seed **23%** - Series A **21%** - Other **16%** - Series B **10%** - Pre-seed **9%** - Other **20%** ## What They Backed Sectors, last 12 months - AI **1,284** - Fintech **367** - Healthcare **270** - Robotics **220** - Energy **189** - Biotech **188** ## Cheques by Quarter Led Joined Q1 25 Q2 25 Q3 25 468 Q4 25 880 Q1 26 1,012 Q2 26 1,525 Q3 26 2,159 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 that lead rounds 4,805](https://millionrounds.com/lists/lead-investors) - [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 new to the market ### Who are the most active investors new to the market? By cheques observed, the most active are PXN Ventures, Seligman Ventures, Empirical Ventures, Curiosity VC and Hanabi Capital. ### How many investors new to the market are there? 4,994 are on record. 100% made an investment in the last 12 months and 19% have led a round. ### Which stages do investors new to the market back? Of the rounds with a named stage in the last 12 months, mostly Seed (29%) and Series A (25%). ### How big are the rounds investors new to the market join? The typical (median) round among the leading investors here is $43M. ### Which sectors do investors new to the market back most? In the last 12 months, mostly AI, Fintech and Healthcare. ### Which investors new to the market lead the most rounds? Empirical Ventures (8 led), Seligman Ventures (7 led) and Gorilla Capital Fund III (7 led). ### Where are investors new to the market based? Among the most active, most are based in the United States (14), the United Kingdom (2) and the Netherlands (1). ### What have investors new to the market invested in recently? Recent rounds include LionBio Therapeutics (Pre-seed, Nov 2026, with Robin Guo), TASE Global (Other, Nov 2026, with ValueQuest Tristar Fund) and MucoLife Therapeutics (Grant, Nov 2026, with Vinnova). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)