# Retail lead investors (2026 list) > 102 retail lead investors, 93% active in the last 12 months. Led by Andreessen Horowitz, New Enterprise Associates, Lightspeed Venture Partners. Source: https://millionrounds.com/lists/retail-lead-investors (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Retail lead investors Updated 7 November 2026 Firms we have watched lead a round raised by a retail company in the last two years. Leading is rarer than taking part, and it is the role a founder most needs filled. [See all 102 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fretail-lead-investors)The top 25 **102** investors on the list *+1* this week **1,572** cheques in 12 months *+1%* against the market **$12M** median round they joined *+50%* against the market median **93%** 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 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) *Deploying now* VC firm · United States **1,661** **$27M** median round **Nov 2026** last seen - 2 [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 - 3 [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 - 4 [Antler](https://millionrounds.com/fund/antler) *Deploying now* VC firm · United Kingdom **729** **$1M** median round **Nov 2026** last seen - 5 [Battery Ventures](https://millionrounds.com/fund/battery-ventures) *Deploying now* VC firm · United States **658** **$32M** median round **Nov 2026** last seen - 6 [Bossa Invest](https://millionrounds.com/fund/bossa-invest) *Deploying now* VC firm · Brazil **657** **$6.7M** median round **Oct 2026** last seen - 7 [Greycroft](https://millionrounds.com/fund/greycroft) *Deploying now* VC firm · United States **655** **$13M** median round **Nov 2026** last seen - 8 [Felicis](https://millionrounds.com/fund/felicis-ventures) *Deploying now* VC firm · United States **640** **$20M** median round **Nov 2026** last seen - 9 [Slow Ventures](https://millionrounds.com/fund/slow-ventures) *Deploying now* VC firm · United States **438** **$10M** median round **Oct 2026** last seen - 10 [Headline](https://millionrounds.com/fund/headline) *Deploying now* VC firm · United States **307** **$15M** median round **Oct 2026** last seen - 11 [General Atlantic](https://millionrounds.com/fund/general-atlantic) *Deploying now* Private equity · United States **273** **$127M** median round **Oct 2026** last seen - 12 [Forerunner Ventures](https://millionrounds.com/fund/forerunner-ventures) *Deploying now* VC firm · United States **225** **$20M** median round **Oct 2026** last seen - 13 [Susa Ventures](https://millionrounds.com/fund/susa-ventures) *Deploying now* VC firm · United States **181** **$11M** median round **Oct 2026** last seen - 14 [Mercury Fund](https://millionrounds.com/fund/mercury-fund) *Deploying now* VC firm · United States **165** **$7.7M** median round **Aug 2026** last seen - 15 [DST Global](https://millionrounds.com/fund/dst-global) *Deploying now* Private equity · United Kingdom **158** **$81M** median round **Oct 2026** last seen - 16 [Advantage Capital](https://millionrounds.com/fund/advantage-capital) *Deploying now* Corporate VC · United States **142** **$4.1M** median round **Sept 2026** last seen - 17 [Base10 Partners](https://millionrounds.com/fund/base10-partners) *Deploying now* VC firm · United States **137** **$15M** median round **Oct 2026** last seen - 18 [Firstminute Capital](https://millionrounds.com/fund/firstminute-capital) *Deploying now* VC firm · United Kingdom **123** **$6.4M** median round **Oct 2026** last seen - 19 [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures) *Deploying now* VC firm · United States **115** **$9M** median round **Oct 2026** last seen - 20 [L Catterton](https://millionrounds.com/fund/l-catterton) *Deploying now* Private equity · United States **110** **$34M** median round **Oct 2026** last seen - 21 [XYZ Venture Capital](https://millionrounds.com/fund/xyz-venture-capital) *Deploying now* VC firm · United States **106** **$15M** median round **Oct 2026** last seen - 22 [TQ Ventures](https://millionrounds.com/fund/tq-ventures) *Deploying now* VC firm · United States **97** **$14M** median round **Sept 2026** last seen - 23 [LoftyInc Capital](https://millionrounds.com/fund/loftyinc-capital) *Deploying now* VC firm · Nigeria **73** **$2.3M** median round **May 2026** last seen - 24 [ByFounders](https://millionrounds.com/fund/byfounders) *Deploying now* VC firm · Denmark **71** **$3.6M** median round **Sept 2026** last seen - 25 [Inspired Capital Partners](https://millionrounds.com/fund/inspired-capital) *Deploying now* VC firm · United States **61** **$21M** median round **Nov 2026** last seen **77 more on this list** All 102 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%2Fretail-lead-investors) ## The Newest Cheques Rounds this list's investors joined most recently - **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 **[Ocient](https://millionrounds.com/company/ocient)** Series C · $100M *With* [Greycroft](https://millionrounds.com/fund/greycroft) - **6** Nov **[Harbinger](https://millionrounds.com/company/harbinger)** Series D+ · $240M *With* [Greycroft](https://millionrounds.com/fund/greycroft) - **5** Nov **[firmly](https://millionrounds.com/company/firmly)** Series A · $15M *Led by* [Squarepoint Capital](https://millionrounds.com/fund/squarepoint-capital) - **5** Nov **[Kalepa](https://millionrounds.com/company/kalepa)** Series B · $75M *With* [Inspired Capital Partners](https://millionrounds.com/fund/inspired-capital) - **4** Nov **[Shackleton AI](https://millionrounds.com/company/shackleton-ai)** Seed · $5M *Led by* [Battery Ventures](https://millionrounds.com/fund/battery-ventures) ## Stages This Year 1,357 rounds - Seed **21%** - Series A **19%** - Venture **13%** - Series B **11%** - Pre-seed **8%** - Other **29%** ## What They Backed Sectors, last 12 months - AI **702** - Fintech **119** - Big Data & Analytics **94** - Healthcare **69** - Software **63** - Retail **62** ## Cheques by Quarter Led Joined 357 Q1 25 399 Q2 25 458 Q3 25 487 Q4 25 457 Q1 26 414 Q2 26 345 Q3 26 163 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 retail lead investors ### Who are the most active retail lead investors? By cheques observed, the most active are Andreessen Horowitz, New Enterprise Associates, Lightspeed Venture Partners, Antler and Battery Ventures. ### How many retail lead investors are there? 102 are on record. 93% made an investment in the last 12 months and 100% have led a round. ### Which stages do retail lead investors back? Of the rounds with a named stage in the last 12 months, mostly Seed (27%) and Series A (24%). ### How big are the rounds retail lead investors join? The typical (median) round among the leading investors here is $15M. ### Which sectors do retail lead investors back most? In the last 12 months, mostly AI, Fintech and Big Data & Analytics. ### Which retail lead investors lead the most rounds? Andreessen Horowitz (114 led), Lightspeed Venture Partners (83 led) and New Enterprise Associates (73 led). ### Where are retail lead investors based? Among the most active, most are based in the United States (19), the United Kingdom (3) and Brazil (1). ### What have retail lead investors invested in recently? Recent rounds include Future Secure AI (Other, Nov 2026, with Square Peg), Ocient (Series C, Nov 2026, with Greycroft) and Harbinger (Series D+, Nov 2026, with Greycroft). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)