# Pre-seed lead investors (2026 list) > 396 pre-seed lead investors, 88% active in the last 12 months. Led by Y Combinator, 500 Global, Andreessen Horowitz. Ranked by what they funded. Source: https://millionrounds.com/lists/pre-seed-lead-investors (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Pre-seed lead investors Updated 7 November 2026 Firms we have watched lead a pre-seed round in the last two years. A lead sets the terms and usually the price, so these are the firms that can anchor a pre-seed raise. [See all 396 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpre-seed-lead-investors)The top 25 **396** investors on the list *+19* this week **4,956** cheques in 12 months *-9%* against the market **$4M** median round they joined *-50%* against the market median **88%** 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 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen - 2 [500 Global](https://millionrounds.com/fund/500-startups) *Deploying now* Angel · United States **2,140** **$3.6M** median round **Oct 2026** last seen - 3 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) *Deploying now* VC firm · United States **1,661** **$27M** median round **Nov 2026** last seen - 4 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** median round **Nov 2026** last seen - 5 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **1,387** **$27M** median round **Nov 2026** last seen - 6 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,341** **$32M** median round **Nov 2026** last seen - 7 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) *Deploying now* VC firm · United States **1,341** **$35M** median round **Nov 2026** last seen - 8 [Google for Startups](https://millionrounds.com/fund/google-for-startups) *Deploying now* Accelerator · United States **811** **$1.4M** median round **Sept 2026** last seen - 9 [BoxGroup](https://millionrounds.com/fund/boxgroup) *Deploying now* VC firm · United States **773** **$18M** median round **Nov 2026** last seen - 10 [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) *Deploying now* VC firm · United States **740** **$37M** median round **Oct 2026** last seen - 11 [Antler](https://millionrounds.com/fund/antler) *Deploying now* VC firm · United Kingdom **729** **$1M** median round **Nov 2026** last seen - 12 [Bossa Invest](https://millionrounds.com/fund/bossa-invest) *Deploying now* VC firm · Brazil **657** **$6.7M** median round **Oct 2026** last seen - 13 [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) *Deploying now* Corporate VC · United States **649** **$26M** median round **Nov 2026** last seen - 14 [Seedcamp](https://millionrounds.com/fund/seedcamp) *Deploying now* VC firm · United Kingdom **519** **$5M** median round **Nov 2026** last seen - 15 [HSG](https://millionrounds.com/fund/hsg) *Deploying now* VC firm · Hong Kong SAR China **498** **$31M** median round **Oct 2026** last seen - 16 [Global Founders Capital](https://millionrounds.com/fund/global-founders-capital) *Deploying now* VC firm · Germany **461** **$7M** median round **Oct 2026** last seen - 17 [SFC Capital](https://millionrounds.com/fund/sfc-capital) *Deploying now* Angel network · United Kingdom **379** **$431K** median round **Nov 2026** last seen - 18 [QED Investors](https://millionrounds.com/fund/qed-investors) *Deploying now* VC firm · United States **314** **$29M** median round **Oct 2026** last seen - 19 [Village Global](https://millionrounds.com/fund/village-global-2) *Deploying now* VC firm · Canada **294** **$8M** median round **Nov 2026** last seen - 20 [LocalGlobe](https://millionrounds.com/fund/localglobe) *Deploying now* VC firm · United Kingdom **269** **$12M** median round **Oct 2026** last seen - 21 [Precursor Ventures](https://millionrounds.com/fund/precursor-ventures) *Deploying now* VC firm · United States **261** **$4M** median round **Oct 2026** last seen - 22 [Betaworks](https://millionrounds.com/fund/betaworks) *Deploying now* VC firm · United States **251** **$4.3M** median round **Aug 2026** last seen - 23 [Earlybird Venture Capital](https://millionrounds.com/fund/earlybird) *Deploying now* VC firm · Germany **244** **$13M** median round **Oct 2026** last seen - 24 [Uncork Capital](https://millionrounds.com/fund/uncork-capital) *Deploying now* VC firm · United States **234** **$12M** median round **Oct 2026** last seen - 25 [Reach](https://millionrounds.com/fund/reach) *Deploying now* VC firm · Canada **217** **$5M** median round **Sept 2026** last seen **371 more on this list** All 396 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%2Fpre-seed-lead-investors) ## 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* [South Park Commons](https://millionrounds.com/fund/south-park-commons) - **6** Nov **[Water Ledger Global](https://millionrounds.com/company/water-ledger-global)** Other *With* [Launch Africa](https://millionrounds.com/fund/launch-africa-ventures) - **6** Nov **[Foozi](https://millionrounds.com/company/foozi)** Pre-seed · $1M *Led by* [Quartzo Capital](https://millionrounds.com/fund/quartzo-capital) - **6** Nov **[Future Secure AI](https://millionrounds.com/company/future-secure-ai)** Other · $80M *Led by* [Square Peg](https://millionrounds.com/fund/square-peg-2) - **6** Nov **[Thinking Machines Lab](https://millionrounds.com/company/thinking-machines-lab)** Other · $5B *Led by* [Accel](https://millionrounds.com/fund/accel) - **5** Nov **[Indrus](https://millionrounds.com/company/indrus)** Pre-seed · $525K *Led by* [Purpose Ventures](https://millionrounds.com/fund/purpose-ventures-2) ## Stages This Year 3,930 rounds - Seed **23%** - Pre-seed **18%** - Venture **17%** - Series A **16%** - Series B **7%** - Other **20%** ## What They Backed Sectors, last 12 months - AI **1,871** - Fintech **308** - Big Data & Analytics **222** - Healthcare **217** - Biotech **171** - Software **144** ## Cheques by Quarter Led Joined 1,371 Q1 25 1,405 Q2 25 1,557 Q3 25 1,558 Q4 25 1,449 Q1 26 1,299 Q2 26 1,124 Q3 26 481 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) - [Big Data & Analytics lead investors 354](https://millionrounds.com/lists/big-data-lead-investors) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about pre-seed lead investors ### Who are the most active pre-seed lead investors? By cheques observed, the most active are Y Combinator, 500 Global, Andreessen Horowitz, Plug and Play and General Catalyst. ### How many pre-seed lead investors are there? 396 are on record. 88% made an investment in the last 12 months and 100% have led a round. ### Which stages do pre-seed lead investors back? Of the rounds with a named stage in the last 12 months, mostly Seed (30%) and Pre-seed (23%). ### How big are the rounds pre-seed lead investors join? The typical (median) round among the leading investors here is $8M. ### Which sectors do pre-seed lead investors back most? In the last 12 months, mostly AI, Fintech and Big Data & Analytics. ### Which pre-seed lead investors lead the most rounds? Andreessen Horowitz (114 led), Accel (103 led) and General Catalyst (97 led). ### Where are pre-seed lead investors based? Among the most active, most are based in the United States (15), the United Kingdom (4) and Germany (2). ### What have pre-seed lead investors invested in recently? Recent rounds include LionBio Therapeutics (Pre-seed, Nov 2026, with South Park Commons), Water Ledger Global (Other, Nov 2026, with Launch Africa) and Foozi (Pre-seed, Nov 2026, with Quartzo Capital). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)