# Series B E-commerce investors (2026 list)

> 104 series B E-commerce investors, 92% active in the last 12 months. Led by 500 Global, Accel, Bpifrance. Ranked by what they funded.

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

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

# Series B E-commerce investors

Updated 7 November 2026

Firms we have watched take part in a Series B round raised by an E-commerce company in the last two years. Both the stage and the sector are what they did, not what their website says.

[See all 104 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fseries-b-ecommerce-investors)The top 25

**104** investors on the list *-3* this week

**2,246** cheques in 12 months *-22%* against the market

**$10M** median round they joined *+25%* against the market median

**92%** wrote a cheque in 12 months

**65%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [500 Global](https://millionrounds.com/fund/500-startups) *Deploying now* Angel · United States **2,140** **$3.6M** median round **Oct 2026** last seen
- 2 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,341** **$32M** median round **Nov 2026** last seen
- 3 [Bpifrance](https://millionrounds.com/fund/bpifrance) *Deploying now* Government · France **1,151** **$4.5M** median round **Oct 2026** last seen
- 4 [FJ Labs](https://millionrounds.com/fund/fj-labs) *Deploying now* VC firm · United States **849** **$11M** median round **Oct 2026** last seen
- 5 [Google for Startups](https://millionrounds.com/fund/google-for-startups) *Deploying now* Accelerator · United States **811** **$1.4M** median round **Sept 2026** last seen
- 6 [Greylock](https://millionrounds.com/fund/greylock-partners) *Deploying now* VC firm · United States **719** **$25M** median round **Oct 2026** last seen
- 7 [Crowdcube](https://millionrounds.com/fund/crowdcube) *Deploying now* VC firm · United Kingdom **715** **$615K** median round **Sept 2026** last seen
- 8 [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) *Deploying now* VC firm · United States **524** **$27M** median round **Nov 2026** last seen
- 9 [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) *Deploying now* VC firm · Japan **493** **$4.7M** median round **Nov 2026** last seen
- 10 [Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation) *Deploying now* VC firm · Japan **480** **$7.6M** median round **Sept 2026** last seen
- 11 [GSR](https://millionrounds.com/fund/gsr) *Deploying now* VC firm · United Kingdom **453** **$6M** median round **Jun 2026** last seen
- 12 [SMBC Venture Capital](https://millionrounds.com/fund/smbc-venture-capital-2) *Deploying now* Investment bank · Japan **443** **$5.1M** median round **Oct 2026** last seen
- 13 [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) *Deploying now* VC firm · Japan **397** **$6.5M** median round **Nov 2026** last seen
- 14 [True Ventures](https://millionrounds.com/fund/true-ventures-2) *Deploying now* VC firm · Netherlands **397** **$8.7M** median round **Oct 2026** last seen
- 15 [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) *Deploying now* Corporate VC · United States **318** **$30M** median round **Oct 2026** last seen
- 16 [QED Investors](https://millionrounds.com/fund/qed-investors) *Deploying now* VC firm · United States **314** **$29M** median round **Oct 2026** last seen
- 17 [Headline](https://millionrounds.com/fund/headline) *Deploying now* VC firm · United States **307** **$15M** median round **Oct 2026** last seen
- 18 [Collaborative Fund](https://millionrounds.com/fund/collaborative-fund) *Deploying now* VC firm · United States **305** **$7.5M** median round **Oct 2026** last seen
- 19 [Maveron](https://millionrounds.com/fund/maveron) *Deploying now* VC firm · United States **267** **$11M** median round **Oct 2026** last seen
- 20 [Vertex Ventures](https://millionrounds.com/fund/vertex-ventures) *Deploying now* VC firm · Mexico **267** **$15M** median round **Sept 2026** last seen
- 21 [Connecticut Innovations](https://millionrounds.com/fund/connecticut-innovations) *Deploying now* Government · United States **264** **$6M** median round **Oct 2026** last seen
- 22 [Japan Finance Corporation](https://millionrounds.com/fund/japan-finance-corporation) *Deploying now* Investment firm · Japan **247** **$2M** median round **Oct 2026** last seen
- 23 [CDP Venture Capital](https://millionrounds.com/fund/cdp-venture-capital) *Deploying now* VC firm · Italy **227** **$3.9M** median round **Oct 2026** last seen
- 24 [Blume Ventures](https://millionrounds.com/fund/blume-ventures) *Deploying now* VC firm · India **225** **$5M** median round **Nov 2026** last seen
- 25 [Creandum](https://millionrounds.com/fund/creandum) *Deploying now* VC firm · Sweden **224** **$20M** median round **Oct 2026** last seen

**79 more on this list**

All 104 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%2Fseries-b-ecommerce-investors)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Thinking Machines Lab](https://millionrounds.com/company/thinking-machines-lab)** Other · $5B *Led by* [Accel](https://millionrounds.com/fund/accel)
- **5** Nov **[Mindmax](https://millionrounds.com/company/mindmax)** Seed · $3.3M *With* [Redrice Ventures](https://millionrounds.com/fund/redrice-ventures)
- **5** Nov **[Pay2o](https://millionrounds.com/company/pay2o)** Seed *With* [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital)
- **4** Nov **[Enza](https://millionrounds.com/company/enza)** Seed · $6M *Led by* [4DX Ventures](https://millionrounds.com/fund/4dx-ventures)
- **4** Nov **[Thermit](https://millionrounds.com/company/thermit)** Seed *Led by* [Mashup Ventures](https://millionrounds.com/fund/mashup-ventures)
- **4** Nov **[MISS A](https://millionrounds.com/company/miss-a)** Other *With* [VMG Partners](https://millionrounds.com/fund/vmg-partners)

## Stages This Year

1,809 rounds

- Seed **20%**
- Venture **20%**
- Series A **18%**
- Series B **11%**
- Debt **7%**
- Other **25%**

## What They Backed

Sectors, last 12 months

- AI **631**
- Fintech **149**
- Healthcare **109**
- Biotech **101**
- Financial Services **84**
- Big Data & Analytics **73**

## Cheques by Quarter

Led Joined

712 Q1 25

775 Q2 25

788 Q3 25

755 Q4 25

736 Q1 26

603 Q2 26

507 Q3 26

153 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Seed AI investors 2,922](https://millionrounds.com/lists/seed-ai-investors)
- [Series A AI investors 2,490](https://millionrounds.com/lists/series-a-ai-investors)
- [Series B AI investors 1,557](https://millionrounds.com/lists/series-b-ai-investors)
- [Pre-seed AI investors 1,286](https://millionrounds.com/lists/pre-seed-ai-investors)
- [Growth AI investors 1,186](https://millionrounds.com/lists/growth-ai-investors)
- [Series A fintech investors 950](https://millionrounds.com/lists/series-a-fintech-investors)
- [Series C AI investors 930](https://millionrounds.com/lists/series-c-ai-investors)
- [Seed fintech investors 925](https://millionrounds.com/lists/seed-fintech-investors)
- [Series A biotech investors 650](https://millionrounds.com/lists/series-a-biotech-investors)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in e-commerce and consumer brands

- You Must Write a Book: Boost Your Brand, Get More Business, and Become the Go-To Expert Honoree Corder · 2016 4.21 from 280 ratings on Goodreads E-commerce and consumer brands About the book Honorée Corder is the author of dozens of books, she does all sorts of other magical things, and her badassery is legendary. She is Hal Elrod's business partner and co-creator of The Miracle Morning book series, and she coaches high profile professionals, guiding them into some… On AmazonListen on Audible
- How Big Brands Grow What Marketers Dont Know Byron Sharp · 2010 On 40 reading lists at Open Library E-commerce and consumer brands About the book "This book provides evidence-based answers to the key questions asked by marketers every day. Tackling issues such as how brands grow, how advertising really works, what price promotions really do and how loyalty programs really affect loyalty, How Brands Grow presents decades… On AmazonListen on AudibleOn Open Library
- The Brand Gap Marty Neumeier · 2003 3.98 from 5,757 ratings on Goodreads E-commerce and consumer brands About the book THE BRAND GAP is the first book to present a unified theory of brand-building. Whereas most books on branding are weighted toward either a strategic or creative approach, this book shows how both ways of thinking can unite to produce a “charismatic brand”―a brand that customers… On AmazonListen on Audible
- This Is Not a T-Shirt: A Brand, a Culture, a Community--a Life in Streetwear Bobby Hundreds · 2019 4.21 from 1,335 ratings on Goodreads E-commerce and consumer brands About the book The story of The Hundreds and the precepts that made it an iconic streetwear brand by Bobby Hundreds himself Streetwear occupies that rarefied space where genuine "cool" coexists with big business; where a star designer might work concurrently with Nike, a tattoo artist,… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&model=ecommerce&stage=scaling).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about series B E-commerce investors

### Who are the most active series B E-commerce investors?

By cheques observed, the most active are 500 Global, Accel, Bpifrance, FJ Labs and Google for Startups.

### How many series B E-commerce investors are there?

104 are on record. 92% made an investment in the last 12 months and 65% have led a round.

### Which stages do series B E-commerce investors back?

Of the rounds with a named stage in the last 12 months, mostly Seed (27%) and Series A (25%).

### How big are the rounds series B E-commerce investors join?

The typical (median) round among the leading investors here is $7.5M.

### Which sectors do series B E-commerce investors back most?

In the last 12 months, mostly AI, Fintech and Healthcare.

### Which series B E-commerce investors lead the most rounds?

Accel (103 led), Bain Capital Ventures (31 led) and QED Investors (31 led).

### Where are series B E-commerce investors based?

Among the most active, most are based in the United States (12), Japan (5) and the United Kingdom (2).

### What have series B E-commerce investors invested in recently?

Recent rounds include Thinking Machines Lab (Other, Nov 2026, with Accel), Mindmax (Seed, Nov 2026, with Redrice Ventures) and Pay2o (Seed, Nov 2026, with Mizuho Capital).

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