# Registered investment advisers (2026 list) > 4,214 registered investment advisers, 12% active in the last 12 months. Led by Sequoia Capital, Andreessen Horowitz, New Enterprise Associates. Source: https://millionrounds.com/lists/registered-investment-advisers (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Registered investment advisers Updated 7 November 2026 Firms carrying full SEC investment adviser registration rather than the exempt status most venture firms use. Larger, more regulated, and usually managing money for other people's institutions. [See all 4,214 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fregistered-investment-advisers)The top 25 **4,214** investors on the list *+9* this week **5,633** cheques in 12 months *+8%* against the market **$32M** median round they joined *+297%* against the market median **12%** wrote a cheque in 12 months **11%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) *Deploying now* VC firm · United States **2,099** **$35M** median round **Nov 2026** last seen - 2 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) *Deploying now* VC firm · United States **1,661** **$27M** median round **Nov 2026** last seen - 3 [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) *Deploying now* VC firm · United States **1,610** **$34M** median round **Oct 2026** last seen - 4 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **1,387** **$27M** median round **Nov 2026** last seen - 5 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,341** **$32M** median round **Nov 2026** last seen - 6 [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 - 7 [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) *Deploying now* VC firm · United States **1,038** **$30M** median round **Nov 2026** last seen - 8 [Right Side Capital Management](https://millionrounds.com/fund/right-side-capital-management) *Deploying now* VC firm · United States **834** **$875K** median round **Sept 2026** last seen - 9 [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) *Deploying now* VC firm · United States **773** **$47M** median round **Nov 2026** last seen - 10 [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) *Deploying now* VC firm · United States **765** **$40M** median round **Oct 2026** last seen - 11 [Battery Ventures](https://millionrounds.com/fund/battery-ventures) *Deploying now* VC firm · United States **658** **$32M** median round **Nov 2026** last seen - 12 [Greycroft](https://millionrounds.com/fund/greycroft) *Deploying now* VC firm · United States **655** **$13M** median round **Nov 2026** last seen - 13 [Citibank](https://millionrounds.com/fund/citi) *Deploying now* Growth equity · United States **566** **$20M** median round **Oct 2026** last seen - 14 [SVB Capital](https://millionrounds.com/fund/svb-capital) *Deploying now* VC firm · United States **564** **$20M** median round **Oct 2026** last seen - 15 [8VC](https://millionrounds.com/fund/8vc) *Deploying now* VC firm · United States **497** **$23M** median round **Oct 2026** last seen - 16 [Soma Capital](https://millionrounds.com/fund/soma-capital) *Deploying now* VC firm · United States **456** **$4.2M** median round **Oct 2026** last seen - 17 [OrbiMed](https://millionrounds.com/fund/orbimed) *Deploying now* Private equity · United States **447** **$71M** median round **Oct 2026** last seen - 18 [Coatue](https://millionrounds.com/fund/coatue-management) *Deploying now* VC firm · United States **404** **$85M** median round **Oct 2026** last seen - 19 [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) *Deploying now* Private equity · United States **395** **$93M** median round **Nov 2026** last seen - 20 [Crosslink Capital](https://millionrounds.com/fund/crosslink-capital) *Deploying now* VC firm · United States **381** **$10M** median round **Oct 2026** last seen - 21 [Summit Partners](https://millionrounds.com/fund/summit-partners) *Deploying now* Private equity · United States **356** **$81M** median round **Oct 2026** last seen - 22 [Foundry Group](https://millionrounds.com/fund/foundry) *Deploying now* VC firm · United States **352** **$15M** median round **Oct 2026** last seen - 23 [Upfront Ventures](https://millionrounds.com/fund/upfront-ventures) *Deploying now* VC firm · United States **338** **$10M** median round **Oct 2026** last seen - 24 [Entrepreneur First](https://millionrounds.com/fund/entrepreneurs-first) *Deploying now* Accelerator · United Kingdom **332** **$3.6M** median round **Oct 2026** last seen - 25 [Wellington Management](https://millionrounds.com/fund/wellington-management) *Deploying now* VC firm · United States **297** **$130M** median round **Oct 2026** last seen **4,189 more on this list** All 4,214 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%2Fregistered-investment-advisers) ## 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) - **6** Nov **[Shield AI](https://millionrounds.com/company/shield-ai)** $2B *Led by* [Disruptive](https://millionrounds.com/fund/disruptive) - **6** Nov **[Humble Robotics](https://millionrounds.com/company/humble-robotics)** Series A · $51M *With* [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) - **6** Nov **[Ocient](https://millionrounds.com/company/ocient)** Series C · $100M *Led by* [OCA Ventures](https://millionrounds.com/fund/oca-ventures) - **6** Nov **[Thinking Machines Lab](https://millionrounds.com/company/thinking-machines-lab)** Other · $5B *Led by* [Accel](https://millionrounds.com/fund/accel) - **6** Nov **[Harbinger](https://millionrounds.com/company/harbinger)** Series D+ · $240M *Led by* [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) ## Stages This Year 3,435 rounds - Series A **17%** - Venture **16%** - Seed **14%** - Series B **11%** - Other **10%** - Other **32%** ## What They Backed Sectors, last 12 months - AI **1,321** - Biotech **320** - Fintech **305** - Healthcare **233** - Big Data & Analytics **197** - Financial Services **165** ## Cheques by Quarter Led Joined 1,250 Q1 25 1,269 Q2 25 1,510 Q3 25 1,716 Q4 25 1,713 Q1 26 1,526 Q2 26 1,278 Q3 26 481 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors whose partners we can name 32,772](https://millionrounds.com/lists/partners-we-can-name) - [Investors who publish their portfolio 17,295](https://millionrounds.com/lists/publish-their-portfolio) - [Investment firms of ten people or fewer 9,452](https://millionrounds.com/lists/small-teams) - [Emerging managers with a new fund under $50M 6,078](https://millionrounds.com/lists/emerging-managers) - [SEC-registered venture advisers 4,344](https://millionrounds.com/lists/sec-registered-venture-advisers) - [Investors managing over $1 billion 2,691](https://millionrounds.com/lists/managing-over-a-billion) - [Investors claiming thirty or more companies 2,226](https://millionrounds.com/lists/large-portfolios) - [Investment firms founded since 2022 2,201](https://millionrounds.com/lists/new-investment-firms) - [Investors that just raised $100M or more 1,734](https://millionrounds.com/lists/raised-a-large-fund) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about registered investment advisers ### Who are the most active registered investment advisers? By cheques observed, the most active are Sequoia Capital, Andreessen Horowitz, New Enterprise Associates, General Catalyst and Accel. ### How many registered investment advisers are there? 4,214 are on record. 12% made an investment in the last 12 months and 11% have led a round. ### Which stages do registered investment advisers back? Of the rounds with a named stage in the last 12 months, mostly Series A (24%) and Seed (20%). ### How big are the rounds registered investment advisers join? The typical (median) round among the leading investors here is $30M. ### Which sectors do registered investment advisers back most? In the last 12 months, mostly AI, Biotech and Fintech. ### Which registered investment advisers lead the most rounds? Andreessen Horowitz (114 led), Accel (103 led) and General Catalyst (97 led). ### Where are registered investment advisers 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 registered investment advisers invested in recently? Recent rounds include Arka Fincap (Other, Nov 2026, with TPG), Shield AI (Nov 2026, with Disruptive) and Humble Robotics (Series A, Nov 2026, with Energy Impact Partners). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)