# Smart Cities investors (2026 list) > 29 smart Cities investors, 97% active in the last 12 months. Led by Alumni Ventures, Khosla Ventures, Gaingels. Ranked by what they funded. Source: https://millionrounds.com/lists/smart-cities-investors (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Smart Cities investors Updated 7 November 2026 Firms observed backing a smart Cities company in the last two years, taken from what they funded rather than from what their website says they like. [See all 29 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fsmart-cities-investors)The top 25 **29** investors on the list No change this week **909** cheques in 12 months *-9%* against the market **$15M** median round they joined *+88%* against the market median **97%** wrote a cheque in 12 months **69%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) *Deploying now* VC firm · United States **1,598** **$12M** median round **Nov 2026** last seen - 2 [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) *Deploying now* VC firm · United States **1,128** **$26M** median round **Nov 2026** last seen - 3 [Gaingels](https://millionrounds.com/fund/gaingels) *Deploying now* Private equity · United States **1,010** **$8M** median round **Oct 2026** last seen - 4 [SOSV](https://millionrounds.com/fund/sosv) *Deploying now* VC firm · United States **951** **$2.5M** median round **Nov 2026** last seen - 5 [Headline](https://millionrounds.com/fund/headline) *Deploying now* VC firm · United States **307** **$15M** median round **Oct 2026** last seen - 6 [UpHonest Capital](https://millionrounds.com/fund/uphonest-capital) *Deploying now* VC firm · United States **146** **$5M** median round **Sept 2026** last seen - 7 [Base10 Partners](https://millionrounds.com/fund/base10-partners) *Deploying now* VC firm · United States **137** **$15M** median round **Oct 2026** last seen - 8 [Orbit Ventures](https://millionrounds.com/fund/orbit-ventures) *Deploying now* VC firm · Singapore **118** **$959K** median round **Sept 2026** last seen - 9 [Tribeca Venture Partners](https://millionrounds.com/fund/tribeca-venture-partners) *Deploying now* VC firm · United States **110** **$15M** median round **Aug 2026** last seen - 10 [Third Sphere](https://millionrounds.com/fund/third-sphere) *Deploying now* VC firm · United States **80** **$5M** median round **Aug 2026** last seen - 11 [PSG](https://millionrounds.com/fund/providence-equity-partners) *Deploying now* VC firm · United States **68** **$50M** median round **Aug 2026** last seen - 12 [50 Partners](https://millionrounds.com/fund/50-partners) *Deploying now* Angel network · France **59** **$2.8M** median round **Nov 2026** last seen - 13 [Zeal Capital Partners](https://millionrounds.com/fund/zeal-capital-partners) *Deploying now* VC firm · United States **41** **$5M** median round **Nov 2026** last seen - 14 [Los Angeles Cleantech Incubator](https://millionrounds.com/fund/la-cleantech-incubator-laci) *Deploying now* Accelerator · United States **34** **$825K** median round **Sept 2026** last seen - 15 [Knoll Ventures](https://millionrounds.com/fund/knoll-ventures) *Deploying now* VC firm · United States **24** **$11M** median round **May 2026** last seen - 16 [Las Olas Venture Capital](https://millionrounds.com/fund/las-olas-venture-capital) *Deploying now* VC firm · United States **7** **$6M** median round **Aug 2026** last seen - 17 [M&G Investments](https://millionrounds.com/fund/m-and-g-investments) *Deploying now* Private equity · United Kingdom **6** **$113M** median round **Nov 2026** last seen - 18 [Azur Innovation Fund](https://millionrounds.com/fund/azur-innovation-fund) *Deploying now* VC firm **6** **$2.3M** median round **Jul 2026** last seen - 19 [Gates Frontier](https://millionrounds.com/fund/gates-frontier) *Deploying now* Growth equity **6** **$152M** median round **Oct 2026** last seen - 20 [Obayashi Corporation](https://millionrounds.com/fund/obayashi-corporation) *Deploying now* Corporate VC · Japan **5** **$31M** median round **Nov 2026** last seen - 21 [Marunouchi Innovation Partners](https://millionrounds.com/fund/marunouchi-innovation-partners) *Deploying now* VC firm · Japan **4** **$106M** median round **Oct 2026** last seen - 22 [SistaFund](https://millionrounds.com/fund/sistafund) *Deploying now* VC firm · France **3** **$33M** median round **Sept 2026** last seen - 23 [LifeX Ventures](https://millionrounds.com/fund/lifex-ventures) *Deploying now* VC firm · United States **2** **$52M** median round **May 2026** last seen - 24 [Mitsui Chemicals](https://millionrounds.com/fund/mitsui-chemicals) *Deploying now* Growth equity · Japan **2** **$98M** median round **Apr 2026** last seen - 25 [67 Capital](https://millionrounds.com/fund/67-capital) *Deploying now* Growth equity · United States **1** **$106M** median round **Feb 2026** last seen **4 more on this list** All 29 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%2Fsmart-cities-investors) ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[firmly](https://millionrounds.com/company/firmly)** Series A · $15M *With* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) - **5** Nov **[RadianX](https://millionrounds.com/company/radianx)** Seed · $9M *Led by* [SOSV](https://millionrounds.com/fund/sosv) - **4** Nov **[bit.bio](https://millionrounds.com/company/bit-bio)** Series D+ · $25M *With* [M&G Investments](https://millionrounds.com/fund/m-and-g-investments) - **3** Nov **[AQQI](https://millionrounds.com/company/aqqi)** Seed · $4.5M *With* [50 Partners](https://millionrounds.com/fund/50-partners) - **3** Nov **[Traversal](https://millionrounds.com/company/traversal)** Series B · $120M *Led by* [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) - **2** Nov **[Lightyears](https://millionrounds.com/company/lightyears)** Other · $174M *With* [Obayashi Corporation](https://millionrounds.com/fund/obayashi-corporation) ## Stages This Year 813 rounds - Venture **20%** - Seed **20%** - Series A **19%** - Series B **11%** - Debt **7%** - Other **25%** ## What They Backed Sectors, last 12 months - AI **341** - Fintech **65** - Biotech **59** - Aerospace & Space **49** - Healthcare **44** - Financial Services **37** ## Cheques by Quarter Led Joined 264 Q1 25 262 Q2 25 273 Q3 25 291 Q4 25 296 Q1 26 227 Q2 26 228 Q3 26 48 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI investors 7,040](https://millionrounds.com/lists/ai-investors) - [Fintech investors 2,997](https://millionrounds.com/lists/fintech-investors) - [Big Data & Analytics investors 1,954](https://millionrounds.com/lists/big-data-investors) - [Biotech investors 1,901](https://millionrounds.com/lists/biotech-investors) - [Robotics investors 1,714](https://millionrounds.com/lists/robotics-investors) - [Energy investors 1,707](https://millionrounds.com/lists/energy-investors) - [Construction investors 1,609](https://millionrounds.com/lists/construction-investors) - [Manufacturing investors 1,385](https://millionrounds.com/lists/manufacturing-investors) - [Cybersecurity investors 1,380](https://millionrounds.com/lists/cybersecurity-investors) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about smart Cities investors ### Who are the most active smart Cities investors? By cheques observed, the most active are Alumni Ventures, Khosla Ventures, Gaingels, SOSV and Headline. ### How many smart Cities investors are there? 29 are on record. 97% made an investment in the last 12 months and 69% have led a round. ### Which stages do smart Cities 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 smart Cities investors join? The typical (median) round among the leading investors here is $15M. ### Which sectors do smart Cities investors back most? In the last 12 months, mostly AI, Fintech and Biotech. ### Which smart Cities investors lead the most rounds? Khosla Ventures (57 led), Headline (24 led) and Base10 Partners (17 led). ### Where are smart Cities investors based? Among the most active, most are based in the United States (16), Japan (3) and France (2). ### What have smart Cities investors invested in recently? Recent rounds include firmly (Series A, Nov 2026, with Alumni Ventures), RadianX (Seed, Nov 2026, with SOSV) and bit.bio (Series D+, Nov 2026, with M&G Investments). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)