# Investment firms of ten people or fewer (2026 list) > 9,452 investment firms of ten people or fewer, 1% active in the last 12 months. Led by Samsung Next, North Bridge Venture Partners & Growth Equity, Dreamit... Source: https://millionrounds.com/lists/small-teams (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investment firms of ten people or fewer Updated 7 November 2026 Firms whose headcount band is one to ten people. A small team means the partner who reads your email is likely the one who decides. [See all 9,452 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fsmall-teams)The top 25 **9,452** investors on the list No change this week **252** cheques in 12 months *-24%* against the market **$4.8M** median round they joined *-40%* against the market median **1%** wrote a cheque in 12 months **1%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (18) - 1 [Samsung Next](https://millionrounds.com/fund/samsung-next) *Deploying now* Corporate VC · United States **311** **$15M** median round **Nov 2026** last seen - 2 [North Bridge Venture Partners & Growth Equity](https://millionrounds.com/fund/north-bridge-venture-partners-and-growth-equity) quiet VC firm · United States **310** **$12M** median round **Jul 2018** last seen - 3 [Dreamit Ventures](https://millionrounds.com/fund/dreamit-ventures) *Deploying now* VC firm · United States **267** **$3.5M** median round **Sept 2026** last seen - 4 [Venture Catalysts](https://millionrounds.com/fund/venture-catalysts-2) *Deploying now* VC firm · Portugal **210** **$1.4M** median round **Jun 2026** last seen - 5 [VentureOut](https://millionrounds.com/fund/ventureout) *Deploying now* Accelerator · United States **202** **$1.6M** median round **Jun 2026** last seen - 6 [Mercury Fund](https://millionrounds.com/fund/mercury-fund) *Deploying now* VC firm · United States **165** **$7.7M** median round **Aug 2026** last seen - 7 [The Danish Growth Fund](https://millionrounds.com/fund/v-kstfonden) *Deploying now* VC firm **132** **$3.6M** median round **Aug 2026** last seen - 8 [Intersouth Partners](https://millionrounds.com/fund/intersouth-partners) quiet VC firm · United States **127** **$30M** median round **Sept 2018** last seen - 9 [Scout Ventures](https://millionrounds.com/fund/scout-ventures) *Deploying now* VC firm · United States **124** **$5.1M** median round **Sept 2026** last seen - 10 [AlleyCorp](https://millionrounds.com/fund/alleycorp) *Deploying now* Venture studio · United States **122** **$10M** median round **Sept 2026** last seen - 11 [Small Business Innovation Research](https://millionrounds.com/fund/small-business-innovation-research) *Deploying now* Government · United States **98** **$1M** median round **Sept 2026** last seen - 12 [Launch NY](https://millionrounds.com/fund/launch-ny) *Deploying now* VC firm · United States **74** **$543K** median round **Oct 2026** last seen - 13 [Star Ventures](https://millionrounds.com/fund/star-ventures) dormant Growth equity · Switzerland **74** **$15M** median round **May 2012** last seen - 14 [Burrill & Company](https://millionrounds.com/fund/burrill-and-company) quiet VC firm · United States **65** **$15M** median round **Apr 2014** last seen - 15 [FCA Venture Partners](https://millionrounds.com/fund/fca-venture-partners) *Deploying now* VC firm · United States **65** **$8.3M** median round **Jul 2026** last seen - 16 [Brooklyn Bridge Ventures](https://millionrounds.com/fund/brooklyn-bridge-ventures) quiet VC firm · United States **64** **$4M** median round **Oct 2025** last seen - 17 [Enterprise Angels](https://millionrounds.com/fund/enterprise-angels) *Deploying now* Angel network · New Zealand **58** **$1.1M** median round **Jul 2026** last seen - 18 [X Tech Ventures](https://millionrounds.com/fund/xtech-ventures) *Deploying now* VC firm · United States **58** **$2.1M** median round **Nov 2026** last seen - 19 [Good Growth Capital](https://millionrounds.com/fund/good-growth-capital) *Deploying now* VC firm · United States **53** **$6.9M** median round **Sept 2026** last seen - 20 [Dalus Capital](https://millionrounds.com/fund/dalus-capital) *Deploying now* VC firm · Mexico **52** **$7M** median round **Oct 2026** last seen - 21 [Smedvig Capital](https://millionrounds.com/fund/smedvig-capital) quiet VC firm · United Kingdom **44** **$5M** median round **Jul 2015** last seen - 22 [Nascent](https://millionrounds.com/fund/nascent) *Deploying now* VC firm · Mexico **41** **$5M** median round **Oct 2026** last seen - 23 [ETF Partners](https://millionrounds.com/fund/etf-partners-the-environmental-technologies-fund) *Deploying now* VC firm · United Kingdom **39** **$16M** median round **Oct 2026** last seen - 24 [Evergreen Climate Innovations](https://millionrounds.com/fund/evergreen-climate-innovations) *Deploying now* VC firm · United States **33** **$2.4M** median round **Sept 2026** last seen - 25 [Imlay Investments](https://millionrounds.com/fund/imlay-investments) quiet VC firm · United States **31** **$7M** median round **Apr 2014** last seen **9,427 more on this list** All 9,452 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%2Fsmall-teams) ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[firmly](https://millionrounds.com/company/firmly)** Series A · $15M *With* [Samsung Next](https://millionrounds.com/fund/samsung-next) - **5** Nov **[Circularity Fuels](https://millionrounds.com/company/circularity-fuels)** Seed · $7M *With* [Automotive Ventures](https://millionrounds.com/fund/automotive-ventures) - **5** Nov **[Sand.ai](https://millionrounds.com/company/sand-ai)** Series A · $200M *With* [Pan-Lin Capital](https://millionrounds.com/fund/panlin-capital) - **5** Nov **[RadianX](https://millionrounds.com/company/radianx)** Seed · $9M *Led by* [Twynam Agricultural Group](https://millionrounds.com/fund/twynam-agricultural-group) - **5** Nov **[Pay2o](https://millionrounds.com/company/pay2o)** Seed *Led by* [X Tech Ventures](https://millionrounds.com/fund/xtech-ventures) - **3** Nov **[Unitoq](https://millionrounds.com/company/unitoq)** Pre-seed · $173K *With* [Latvian Business Angel Network](https://millionrounds.com/fund/latvian-business-angel-network) ## Stages This Year 251 rounds - Seed **22%** - Series A **20%** - Venture **16%** - Series B **10%** - Pre-seed **7%** - Other **25%** ## What They Backed Sectors, last 12 months - AI **82** - Healthcare **27** - Fintech **17** - Big Data & Analytics **15** - Aerospace & Space **15** - Energy **14** ## Cheques by Quarter Led Joined 87 Q1 25 77 Q2 25 85 Q3 25 89 Q4 25 76 Q1 26 62 Q2 26 55 Q3 26 33 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) - [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) - [Registered investment advisers 4,214](https://millionrounds.com/lists/registered-investment-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 investment firms of ten people or fewer ### Who are the most active investment firms of ten people or fewer? By cheques observed, the most active are Samsung Next, North Bridge Venture Partners & Growth Equity, Dreamit Ventures, Venture Catalysts and VentureOut. ### How many investment firms of ten people or fewer are there? 9,452 are on record. 1% made an investment in the last 12 months and 1% have led a round. ### Which stages do investment firms of ten people or fewer back? Of the rounds with a named stage in the last 12 months, mostly Seed (29%) and Series A (26%). ### How big are the rounds investment firms of ten people or fewer join? The typical (median) round among the leading investors here is $5.1M. ### Which sectors do investment firms of ten people or fewer back most? In the last 12 months, mostly AI, Healthcare and Fintech. ### Which investment firms of ten people or fewer lead the most rounds? ETF Partners (7 led), AlleyCorp (6 led) and Mercury Fund (5 led). ### Where are investment firms of ten people or fewer based? Among the most active, most are based in the United States (17), Mexico (2) and the United Kingdom (2). ### What have investment firms of ten people or fewer invested in recently? Recent rounds include firmly (Series A, Nov 2026, with Samsung Next), Circularity Fuels (Seed, Nov 2026, with Automotive Ventures) and Sand.ai (Series A, Nov 2026, with Pan-Lin Capital). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)