# VC firms backing Smart Cities (2026 list) > 18 VC firms backing Smart Cities, 100% active in the last 12 months. Led by Alumni Ventures, Khosla Ventures, SOSV. Ranked by what they funded. Source: https://millionrounds.com/lists/vc-firms-smart-cities (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # VC firms backing Smart Cities Updated 7 November 2026 VC firms we have observed in a smart Cities round in the last two years. [See all 18 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fvc-firms-smart-cities)The top 18 **18** investors on the list No change this week **699** cheques in 12 months *-11%* against the market **$12M** median round they joined *+53%* against the market median **100%** wrote a cheque in 12 months **78%** have led a round ## The Top 18 Ordered by cheques observed, never by anything anyone paid for Deploying now (18) - 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 [SOSV](https://millionrounds.com/fund/sosv) *Deploying now* VC firm · United States **951** **$2.5M** median round **Nov 2026** last seen - 4 [Headline](https://millionrounds.com/fund/headline) *Deploying now* VC firm · United States **307** **$15M** median round **Oct 2026** last seen - 5 [UpHonest Capital](https://millionrounds.com/fund/uphonest-capital) *Deploying now* VC firm · United States **146** **$5M** median round **Sept 2026** last seen - 6 [Base10 Partners](https://millionrounds.com/fund/base10-partners) *Deploying now* VC firm · United States **137** **$15M** median round **Oct 2026** last seen - 7 [Orbit Ventures](https://millionrounds.com/fund/orbit-ventures) *Deploying now* VC firm · Singapore **118** **$959K** median round **Sept 2026** last seen - 8 [Tribeca Venture Partners](https://millionrounds.com/fund/tribeca-venture-partners) *Deploying now* VC firm · United States **110** **$15M** median round **Aug 2026** last seen - 9 [Third Sphere](https://millionrounds.com/fund/third-sphere) *Deploying now* VC firm · United States **80** **$5M** median round **Aug 2026** last seen - 10 [PSG](https://millionrounds.com/fund/providence-equity-partners) *Deploying now* VC firm · United States **68** **$50M** median round **Aug 2026** last seen - 11 [Zeal Capital Partners](https://millionrounds.com/fund/zeal-capital-partners) *Deploying now* VC firm · United States **41** **$5M** median round **Nov 2026** last seen - 12 [Knoll Ventures](https://millionrounds.com/fund/knoll-ventures) *Deploying now* VC firm · United States **24** **$11M** median round **May 2026** last seen - 13 [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 - 14 [Azur Innovation Fund](https://millionrounds.com/fund/azur-innovation-fund) *Deploying now* VC firm **6** **$2.3M** median round **Jul 2026** last seen - 15 [Marunouchi Innovation Partners](https://millionrounds.com/fund/marunouchi-innovation-partners) *Deploying now* VC firm · Japan **4** **$106M** median round **Oct 2026** last seen - 16 [SistaFund](https://millionrounds.com/fund/sistafund) *Deploying now* VC firm · France **3** **$33M** median round **Sept 2026** last seen - 17 [LifeX Ventures](https://millionrounds.com/fund/lifex-ventures) *Deploying now* VC firm · United States **2** **$52M** median round **May 2026** last seen - 18 [Prudence Venture Capital](https://millionrounds.com/fund/prudence-venture-capital) *Deploying now* VC firm **1** **$13M** median round **Mar 2026** last seen ## 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) - **3** Nov **[Traversal](https://millionrounds.com/company/traversal)** Series B · $120M *Led by* [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) - **2** Nov **[Loamy Technologies Inc.](https://millionrounds.com/company/loamy-technologies-inc)** Seed · $6M *Led by* [Zeal Capital Partners](https://millionrounds.com/fund/zeal-capital-partners) - **2** Nov **[Larridin](https://millionrounds.com/company/larridin)** Series A · $30M *With* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) - **31** Oct **[upliance.ai](https://millionrounds.com/company/upliance-ai)** Series A *With* [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) ## Stages This Year 662 rounds - Seed **20%** - Series A **19%** - Venture **19%** - Series B **12%** - Series C **7%** - Other **24%** ## What They Backed Sectors, last 12 months - AI **292** - Fintech **54** - Biotech **44** - Healthcare **39** - Energy **32** - Financial Services **28** ## Cheques by Quarter Led Joined 203 Q1 25 207 Q2 25 213 Q3 25 224 Q4 25 229 Q1 26 163 Q2 26 188 Q3 26 37 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 Smart Cities ### Who are the most active VC firms backing Smart Cities? By cheques observed, the most active are Alumni Ventures, Khosla Ventures, SOSV, Headline and UpHonest Capital. ### How many VC firms backing Smart Cities are there? 18 are on record. 100% made an investment in the last 12 months and 78% have led a round. ### Which stages do VC firms backing Smart Cities 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 VC firms backing Smart Cities join? The typical (median) round among the leading investors here is $13M. ### Which sectors do VC firms backing Smart Cities back most? In the last 12 months, mostly AI, Fintech and Biotech. ### Which VC firms backing Smart Cities lead the most rounds? Khosla Ventures (57 led), Headline (24 led) and Base10 Partners (17 led). ### Where are VC firms backing Smart Cities based? Among the most active, most are based in the United States (13), Singapore (1) and Japan (1). ### What have VC firms backing Smart Cities invested in recently? Recent rounds include firmly (Series A, Nov 2026, with Alumni Ventures), RadianX (Seed, Nov 2026, with SOSV) and Traversal (Series B, Nov 2026, with Khosla Ventures). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)