# VC firms backing Aviation (2026 list) > 66 VC firms backing Aviation, 95% active in the last 12 months. Led by Andreessen Horowitz, Alumni Ventures, General Catalyst. Ranked by what they funded. Source: https://millionrounds.com/lists/vc-firms-aviation (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # VC firms backing Aviation Updated 7 November 2026 VC firms we have observed in an aviation round in the last two years. [See all 66 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fvc-firms-aviation)The top 25 **66** investors on the list *+2* this week **1,986** cheques in 12 months *+5%* against the market **$14M** median round they joined *+77%* against the market median **95%** wrote a cheque in 12 months **68%** 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 [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 - 3 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **1,387** **$27M** median round **Nov 2026** last seen - 4 [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) *Deploying now* VC firm · United States **1,128** **$26M** median round **Nov 2026** last seen - 5 [Founders Fund](https://millionrounds.com/fund/founders-fund) *Deploying now* VC firm · United States **1,122** **$15M** median round **Oct 2026** last seen - 6 [Canaan](https://millionrounds.com/fund/canaan-partners) *Deploying now* VC firm · United States **610** **$20M** median round **Oct 2026** last seen - 7 [SVB Capital](https://millionrounds.com/fund/svb-capital) *Deploying now* VC firm · United States **564** **$20M** median round **Oct 2026** last seen - 8 [Venrock](https://millionrounds.com/fund/venrock) *Deploying now* VC firm · United States **560** **$36M** median round **Oct 2026** last seen - 9 [Spark Capital](https://millionrounds.com/fund/spark-capital) *Deploying now* VC firm · United States **471** **$40M** median round **Oct 2026** last seen - 10 [Draper Associates](https://millionrounds.com/fund/draper-associates) *Deploying now* VC firm · United States **370** **$6M** median round **Nov 2026** last seen - 11 [Fidelity](https://millionrounds.com/fund/fidelity) *Deploying now* VC firm · United States **360** **$119M** median round **Nov 2026** last seen - 12 [ff Venture Capital](https://millionrounds.com/fund/ff-venture-capital) *Deploying now* VC firm · United States **337** **$3.1M** median round **Nov 2026** last seen - 13 [Wellington Management](https://millionrounds.com/fund/wellington-management) *Deploying now* VC firm · United States **297** **$130M** median round **Oct 2026** last seen - 14 [Craft Ventures](https://millionrounds.com/fund/craft-ventures) *Deploying now* VC firm · United States **283** **$14M** median round **Oct 2026** last seen - 15 [LD Capital](https://millionrounds.com/fund/xie) *Deploying now* VC firm · China **271** **$4.7M** median round **Aug 2026** last seen - 16 [Boost VC](https://millionrounds.com/fund/boost-vc) *Deploying now* VC firm · United States **194** **$2.5M** median round **Sept 2026** last seen - 17 [IP Group](https://millionrounds.com/fund/ip-group) *Deploying now* VC firm · United Kingdom **174** **$9.1M** median round **Oct 2026** last seen - 18 [Meritech Capital Partners](https://millionrounds.com/fund/meritech-capital-partners) *Deploying now* VC firm · United States **174** **$92M** median round **Oct 2026** last seen - 19 [Bling Capital](https://millionrounds.com/fund/bling-capital) *Deploying now* VC firm · United States **163** **$9.5M** median round **Oct 2026** last seen - 20 [Kaszek Ventures](https://millionrounds.com/fund/kaszek) *Deploying now* VC firm · Brazil **155** **$20M** median round **Oct 2026** last seen - 21 [Flex Capital](https://millionrounds.com/fund/flex-capital) *Deploying now* VC firm · United States **145** **$7M** median round **Aug 2026** last seen - 22 [Naval Ravikant](https://millionrounds.com/fund/naval-ravikant) *Deploying now* VC firm · United States **145** **$6M** median round **Jun 2026** last seen - 23 [Industry Ventures](https://millionrounds.com/fund/industry-ventures) *Deploying now* VC firm · United States **139** **$19M** median round **Sept 2026** last seen - 24 [Elevation Capital](https://millionrounds.com/fund/elevation-capital-2) *Deploying now* VC firm · Canada **128** **$10M** median round **Oct 2026** last seen - 25 [Project A Ventures](https://millionrounds.com/fund/project-a) *Deploying now* VC firm · Germany **121** **$10M** median round **Nov 2026** last seen **41 more on this list** All 66 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%2Fvc-firms-aviation) ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Humble Robotics](https://millionrounds.com/company/humble-robotics)** Series A · $51M *With* [Eclipse](https://millionrounds.com/fund/eclipse) - **6** Nov **[Harbinger](https://millionrounds.com/company/harbinger)** Series D+ · $240M *With* [Fidelity](https://millionrounds.com/fund/fidelity) - **5** Nov **[i14](https://millionrounds.com/company/i14)** Seed · $6.3M *With* [Virescent Ventures](https://millionrounds.com/fund/virescent-ventures) - **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 **[Venomics AI](https://millionrounds.com/company/venomics-ai)** Pre-seed · $2.7M *Led by* [Speciale Invest](https://millionrounds.com/fund/speciale-invest) - **5** Nov **[Quint Computing](https://millionrounds.com/company/quint-computing)** Series A · $10M *Led by* [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) ## Stages This Year 1,605 rounds - Series A **19%** - Seed **16%** - Venture **15%** - Series B **11%** - Series C **8%** - Other **30%** ## What They Backed Sectors, last 12 months - AI **729** - Biotech **130** - Fintech **114** - Healthcare **100** - Big Data & Analytics **87** - Aerospace & Space **74** ## Cheques by Quarter Led Joined 457 Q1 25 505 Q2 25 519 Q3 25 599 Q4 25 584 Q1 26 545 Q2 26 470 Q3 26 157 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms backing AI 4,329](https://millionrounds.com/lists/vc-firms-ai) - [VC firms backing Fintech 1,856](https://millionrounds.com/lists/vc-firms-fintech) - [VC firms backing Big Data & Analytics 1,248](https://millionrounds.com/lists/vc-firms-big-data) - [VC firms backing Biotech 1,207](https://millionrounds.com/lists/vc-firms-biotech) - [VC firms backing Robotics 1,098](https://millionrounds.com/lists/vc-firms-robotics) - [VC firms backing Construction 1,025](https://millionrounds.com/lists/vc-firms-construction) - [VC firms backing Energy 998](https://millionrounds.com/lists/vc-firms-energy) - [PE firms backing AI 956](https://millionrounds.com/lists/pe-firms-ai) - [VC firms backing Cybersecurity 950](https://millionrounds.com/lists/vc-firms-cybersecurity) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about VC firms backing Aviation ### Who are the most active VC firms backing Aviation? By cheques observed, the most active are Andreessen Horowitz, Alumni Ventures, General Catalyst, Khosla Ventures and Founders Fund. ### How many VC firms backing Aviation are there? 66 are on record. 95% made an investment in the last 12 months and 68% have led a round. ### Which stages do VC firms backing Aviation back? Of the rounds with a named stage in the last 12 months, mostly Series A (25%) and Seed (22%). ### How big are the rounds VC firms backing Aviation join? The typical (median) round among the leading investors here is $15M. ### Which sectors do VC firms backing Aviation back most? In the last 12 months, mostly AI, Biotech and Fintech. ### Which VC firms backing Aviation lead the most rounds? Andreessen Horowitz (114 led), General Catalyst (97 led) and Khosla Ventures (57 led). ### Where are VC firms backing Aviation based? Most of the leading investors here are based in the United States (20 of the top 25); the rest in China and the United Kingdom. ### What have VC firms backing Aviation invested in recently? Recent rounds include Humble Robotics (Series A, Nov 2026, with Eclipse), Harbinger (Series D+, Nov 2026, with Fidelity) and i14 (Seed, Nov 2026, with Virescent Ventures). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)