# Startup studios (2026 list) > 2,384 startup studios, 1% active in the last 12 months. Led by AlleyCorp, The Spartan Group, PSV. Ranked by what they funded. Source: https://millionrounds.com/lists/startup-studios (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Startup studios Updated 31 October 2026 Startup studios, ordered by what we have observed them do. Type is read from the firm's own website wherever we could reach it. [See all 2,384 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fstartup-studios)The top 25 **2,384** investors on the list No change this week **100** cheques in 12 months *+27%* against the market **$8M** median round they joined *+0%* 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 (11) - 1 [AlleyCorp](https://millionrounds.com/fund/alleycorp) *Deploying now* Venture studio · United States **122** **$10M** median round **Sept 2026** last seen - 2 [The Spartan Group](https://millionrounds.com/fund/the-spartan-group) *Deploying now* Venture studio · Hong Kong SAR China **94** **$4.5M** median round **Jul 2026** last seen - 3 [PSV](https://millionrounds.com/fund/psv) *Deploying now* Venture studio · Denmark **84** **$2.5M** median round **Oct 2026** last seen - 4 [MV Global](https://millionrounds.com/fund/mv-global) quiet Venture studio · British Virgin Islands **50** **$2.5M** median round **Feb 2025** last seen - 5 [BioGenerator](https://millionrounds.com/fund/biogenerator) *Deploying now* Venture studio · United States **35** **$2.4M** median round **Sept 2026** last seen - 6 [Blueprint Ventures](https://millionrounds.com/fund/blueprint-ventures) quiet Venture studio · United States **25** **$12M** median round **Dec 2013** last seen - 7 [Garrett Camp](https://millionrounds.com/fund/garrett-camp) quiet Venture studio · United States **15** **$6M** median round **Apr 2019** last seen - 8 [Hexa](https://millionrounds.com/fund/hexa) *Deploying now* Venture studio · France **12** **$7.4M** median round **Oct 2026** last seen - 9 [Ace Ventures](https://millionrounds.com/fund/ace-ventures-2) *Deploying now* Venture studio · United Kingdom **10** **$12M** median round **Jul 2026** last seen - 10 [High Alpha Capital](https://millionrounds.com/fund/high-alpha-capital) quiet Venture studio **10** **$2.6M** median round **Jun 2021** last seen - 11 [VARIV](https://millionrounds.com/fund/variv-capital) *Deploying now* Venture studio · Mexico **9** **$25M** median round **Jun 2026** last seen - 12 [Day One](https://millionrounds.com/fund/day-one-srl) quiet Venture studio · Italy **8** **$4.3M** median round **Jan 2019** last seen - 13 [HBM](https://millionrounds.com/fund/hbm) quiet Venture studio **8** **$69M** median round **Jan 2019** last seen - 14 [Pearson](https://millionrounds.com/fund/pearson) quiet Venture studio · United States **8** **$11M** median round **Dec 2019** last seen - 15 [Unusual](https://millionrounds.com/fund/unusual) quiet Venture studio · United Kingdom **7** **$17M** median round **Apr 2019** last seen - 16 [Finleap](https://millionrounds.com/fund/finleap) quiet Venture studio · Germany **6** **$15M** median round **Aug 2019** last seen - 17 [Fortune](https://millionrounds.com/fund/fortune) quiet Venture studio · Brazil **6** **$15M** median round **Apr 2018** last seen - 18 [Tracxn labs](https://millionrounds.com/fund/tracxnlabs) quiet Venture studio · India **6** **$1M** median round **May 2019** last seen - 19 [CIV](https://millionrounds.com/fund/civ) *Deploying now* Venture studio · United States **5** **$50M** median round **Jul 2026** last seen - 20 [Diagram](https://millionrounds.com/fund/diagram) *Deploying now* Venture studio · Canada **5** **$15M** median round **Sept 2026** last seen - 21 [Hanse Ventures](https://millionrounds.com/fund/hanse-ventures) *Deploying now* Venture studio · Germany **5** **$24M** median round **Oct 2026** last seen - 22 [Next Wave Partners](https://millionrounds.com/fund/next-wave-partners-2) *Deploying now* Venture studio · United States **5** **$13M** median round **Aug 2026** last seen - 23 [Startup Factory](https://millionrounds.com/fund/startup-factory) quiet Venture studio · Belgium **5** **$12M** median round **Dec 2006** last seen - 24 [10X](https://millionrounds.com/fund/10x) quiet Venture studio · Netherlands **4** **$10M** median round **Sept 2019** last seen - 25 [ATP Capital](https://millionrounds.com/fund/atp-capital) quiet Venture studio **4** **$28M** median round **Nov 2007** last seen **2,359 more on this list** Login free to see all 2,384, filter by stage, sector and market, and keep the ones that fit. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fstartup-studios) ## The Newest Cheques Rounds this list's investors joined most recently - **29** Oct **[StrollMe](https://millionrounds.com/company/strollme)** Other · $24M *With* [Hanse Ventures](https://millionrounds.com/fund/hanse-ventures) - **27** Oct **[Cortas](https://millionrounds.com/company/cortas)** Pre-seed · $1.6M *Led by* [PSV](https://millionrounds.com/fund/psv) - **23** Oct **Mave** Series A · $28M *With* [Emerge Ventures](https://millionrounds.com/fund/emerge-ventures) - **22** Oct **[Genie Health](https://millionrounds.com/company/genie-health)** Seed · $3M *With* [Liminal](https://millionrounds.com/fund/liminal) - **22** Oct **Mave Security Ltd.** Series A · $34M *Led by* [Emerge Ventures](https://millionrounds.com/fund/emerge-ventures) - **22** Oct **[Cuttable](https://millionrounds.com/company/cuttable)** Series A · $20M *With* [Previously Unavailable](https://millionrounds.com/fund/previously-unavailable) ## Stages This Year 99 rounds - Seed **33%** - Series A **25%** - Other **9%** - Pre-seed **8%** - Series B **6%** - Other **18%** ## What They Backed Sectors, last 12 months - AI **34** - Healthcare **13** - Fintech **11** - Biotech **8** - Big Data & Analytics **6** - Food & Beverage **6** ## Cheques by Quarter Led Joined 20 Q1 25 21 Q2 25 18 Q3 25 27 Q4 25 20 Q1 26 21 Q2 26 25 Q3 26 14 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms 63,606](https://millionrounds.com/lists/vc-firms) - [PE firms 29,207](https://millionrounds.com/lists/pe-firms) - [Solo angels 6,513](https://millionrounds.com/lists/solo-angels) - [Family offices 6,262](https://millionrounds.com/lists/family-offices) - [Corporate VCs 5,452](https://millionrounds.com/lists/corporate-vcs) - [Growth equity firms 3,793](https://millionrounds.com/lists/growth-equity-firms) - [Incubators and accelerators 3,524](https://millionrounds.com/lists/incubators-accelerators) - [Institutional LPs 2,743](https://millionrounds.com/lists/institutional-lps) - [Angel groups 1,972](https://millionrounds.com/lists/angel-groups) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about startup studios ### Who are the most active startup studios? By cheques observed, the most active are AlleyCorp, The Spartan Group, PSV, MV Global and BioGenerator. ### How many startup studios are there? 2,384 are on record. 1% made an investment in the last 12 months and 1% have led a round. ### Which stages do startup studios back? Of the rounds with a named stage in the last 12 months, mostly Seed (40%) and Series A (30%). ### How big are the rounds startup studios join? The typical (median) round among the leading investors here is $12M. ### Which sectors do startup studios back most? In the last 12 months, mostly AI, Healthcare and Fintech. ### Which startup studios lead the most rounds? AlleyCorp (6 led), Diagram (5 led) and High Alpha Capital (3 led). ### Where are startup studios based? Among the most active, most are based in the United States (7), the United Kingdom (2) and Germany (2). ### What have startup studios invested in recently? Recent rounds include StrollMe (Other, Oct 2026, with Hanse Ventures), Cortas (Pre-seed, Oct 2026, with PSV) and Mave (Series A, Oct 2026, with Emerge Ventures). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)