# Oil & Gas lead investors (2026 list)

> 39 oil & Gas lead investors, 87% active in the last 12 months. Led by SOSV, Point Nine Capital, IQ Capital. Ranked by what they funded.

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

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

# Oil & Gas lead investors

Updated 7 November 2026

Firms we have watched lead a round raised by an oil & Gas company in the last two years. Leading is rarer than taking part, and it is the role a founder most needs filled.

[See all 39 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Foil-gas-lead-investors)The top 25

**39** investors on the list *+3* this week

**269** cheques in 12 months *-9%* against the market

**$19M** median round they joined *+131%* against the market median

**87%** 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 (24)

- 1 [SOSV](https://millionrounds.com/fund/sosv) *Deploying now* VC firm · United States **951** **$2.5M** median round **Nov 2026** last seen
- 2 [Point Nine Capital](https://millionrounds.com/fund/point-nine-capital) *Deploying now* VC firm · Germany **184** **$8.6M** median round **Nov 2026** last seen
- 3 [IQ Capital](https://millionrounds.com/fund/iq-capital) *Deploying now* VC firm · United Kingdom **165** **$17M** median round **Oct 2026** last seen
- 4 [CMT Digital](https://millionrounds.com/fund/cmt-digital) *Deploying now* VC firm · United States **156** **$7M** median round **Oct 2026** last seen
- 5 [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) *Deploying now* Private equity · United States **136** **$400M** median round **Nov 2026** last seen
- 6 [EVP](https://millionrounds.com/fund/evp) *Deploying now* VC firm · Australia **69** **$5M** median round **Sept 2026** last seen
- 7 [Natural Resources Canada](https://millionrounds.com/fund/natural-resources) *Deploying now* Government · Canada **61** **$1.6M** median round **Oct 2026** last seen
- 8 [Five Elms Capital](https://millionrounds.com/fund/five-elms-capital) *Deploying now* VC firm · United States **55** **$14M** median round **Oct 2026** last seen
- 9 [Engine Ventures](https://millionrounds.com/fund/engine-ventures) *Deploying now* VC firm · United States **37** **$21M** median round **Oct 2026** last seen
- 10 [Durable Capital Partners Lp](https://millionrounds.com/fund/durable-capital-partners) *Deploying now* Private equity · United States **13** **$300M** median round **Oct 2026** last seen
- 11 [Elbow Beach](https://millionrounds.com/fund/elbow-beach) *Deploying now* VC firm · United Kingdom **11** **$2.7M** median round **Oct 2026** last seen
- 12 [National Reconstruction Fund](https://millionrounds.com/fund/national-reconstruction-fund) *Deploying now* Growth equity · Australia **11** **$40M** median round **Jun 2026** last seen
- 13 [Marlin Equity Partners](https://millionrounds.com/fund/marlin-equity-partners) *Deploying now* Private equity · United States **10** **$1.3B** median round **Oct 2026** last seen
- 14 [AP Ventures](https://millionrounds.com/fund/ap-ventures) *Deploying now* VC firm · United Kingdom **8** **$9.9M** median round **Oct 2026** last seen
- 15 [Climate Investment](https://millionrounds.com/fund/climate-investment-ci) *Deploying now* VC firm · United Kingdom **8** **$23M** median round **Oct 2026** last seen
- 16 [Teachers' Venture Growth](https://millionrounds.com/fund/teachers-venture-growth) *Deploying now* VC firm **7** **$318M** median round **Sept 2026** last seen
- 17 [HongShan](https://millionrounds.com/fund/hongshan) *Deploying now* VC firm **5** **$103M** median round **Jul 2026** last seen
- 18 [Blue Earth Capital](https://millionrounds.com/fund/blue-earth-capital) quiet Private equity · Switzerland **4** **$37M** median round **Jul 2025** last seen
- 19 [Orion Mine Finance](https://millionrounds.com/fund/orion-industrial-ventures) *Deploying now* VC firm · United States **4** **$8.2M** median round **Oct 2026** last seen
- 20 [Evok Innovations](https://millionrounds.com/fund/evok-innovations) *Deploying now* VC firm · Canada **3** **$30M** median round **May 2026** last seen
- 21 [Fund for Export Development in Africa (FEDA)](https://millionrounds.com/fund/fund-for-export-development-in-africa-feda) *Deploying now* Corporate VC · Rwanda **3** **$215M** median round **Jun 2026** last seen
- 22 [Export Finance Australia](https://millionrounds.com/fund/export-finance-australia) *Deploying now* Investment firm **3** **$126M** median round **Nov 2026** last seen
- 23 [Exponent](https://millionrounds.com/fund/exponent) *Deploying now* Private equity · United Kingdom **2** **-** median round **Aug 2026** last seen
- 24 [New Climate Ventures](https://millionrounds.com/fund/new-climate-ventures) *Deploying now* VC firm · United States **2** **$3.8M** median round **Jul 2026** last seen
- 25 [Quantacet](https://millionrounds.com/fund/quantacet) *Deploying now* VC firm · Canada **2** **$16M** median round **Oct 2026** last seen

**14 more on this list**

All 39 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%2Foil-gas-lead-investors)

## The Newest Cheques

Rounds this list's investors joined most recently

- **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)
- **5** Nov **[Aldoro Resources](https://millionrounds.com/company/aldoro-resources)** Other · $15M *Led by* [WILLETECH International Investment](https://millionrounds.com/fund/willetech-international-investment)
- **5** Nov **[RadianX](https://millionrounds.com/company/radianx)** Seed · $9M *Led by* [SOSV](https://millionrounds.com/fund/sosv)
- **4** Nov **[Donald Mineral Sands](https://millionrounds.com/company/donald-mineral-sands)** Other · $180M *With* [Export Finance Australia](https://millionrounds.com/fund/export-finance-australia)
- **3** Nov **[Econili Battery New Energy](https://millionrounds.com/company/econili-battery-new-energy)** Other *Led by* [Vynn Capital](https://millionrounds.com/fund/vynn-capital)
- **3** Nov **[e2e](https://millionrounds.com/company/e2e)** Seed · $8M *With* [Point Nine Capital](https://millionrounds.com/fund/point-nine-capital)

## Stages This Year

267 rounds

- Seed **19%**
- Series A **14%**
- Venture **14%**
- Grant **9%**
- Growth **9%**
- Other **34%**

## What They Backed

Sectors, last 12 months

- AI **75**
- Energy **35**
- Oil & Gas **29**
- Biotech **22**
- Web3 & Crypto **18**
- Cleantech **17**

## Cheques by Quarter

Led Joined

81 Q1 25

60 Q2 25

88 Q3 25

93 Q4 25

85 Q1 26

57 Q2 26

56 Q3 26

32 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 oil & Gas lead investors

### Who are the most active oil & Gas lead investors?

By cheques observed, the most active are SOSV, Point Nine Capital, IQ Capital, CMT Digital and T. Rowe Price.

### How many oil & Gas lead investors are there?

39 are on record. 87% made an investment in the last 12 months and 100% have led a round.

### Which stages do oil & Gas lead investors back?

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

### How big are the rounds oil & Gas lead investors join?

The typical (median) round among the leading investors here is $21M.

### Which sectors do oil & Gas lead investors back most?

In the last 12 months, mostly AI, Energy and Oil & Gas.

### Which oil & Gas lead investors lead the most rounds?

T. Rowe Price (11 led), Elbow Beach (10 led) and IQ Capital (8 led).

### Where are oil & Gas lead investors based?

Among the most active, most are based in the United States (9), the United Kingdom (5) and Canada (3).

### What have oil & Gas lead investors invested in recently?

Recent rounds include Caledonia Mining Corporation (Debt, Nov 2026, with Eight Zimbabwean banks), Aldoro Resources (Other, Nov 2026, with WILLETECH International Investment) and RadianX (Seed, Nov 2026, with SOSV).

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