# VC firms backing VR & AR (2026 list) > 80 VC firms backing VR & AR, 94% active in the last 12 months. Led by Techstars, Sequoia Capital, Andreessen Horowitz. Ranked by what they funded. Source: https://millionrounds.com/lists/vc-firms-vr (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # VC firms backing VR & AR Updated 7 November 2026 VC firms we have observed in a VR & AR round in the last two years. [See all 80 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fvc-firms-vr)The top 25 **80** investors on the list *+1* this week **2,728** cheques in 12 months *-12%* against the market **$7M** median round they joined *-12%* against the market median **94%** wrote a cheque in 12 months **57%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Techstars](https://millionrounds.com/fund/techstars) *Deploying now* VC firm · United States **2,989** **$1.2M** median round **Nov 2026** last seen - 2 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) *Deploying now* VC firm · United States **2,099** **$35M** median round **Nov 2026** last seen - 3 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) *Deploying now* VC firm · United States **1,661** **$27M** median round **Nov 2026** last seen - 4 [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) *Deploying now* VC firm · United States **1,610** **$34M** median round **Oct 2026** last seen - 5 [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) *Deploying now* VC firm · United States **1,128** **$26M** median round **Nov 2026** last seen - 6 [Right Side Capital Management](https://millionrounds.com/fund/right-side-capital-management) *Deploying now* VC firm · United States **834** **$875K** median round **Sept 2026** last seen - 7 [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) *Deploying now* VC firm · United States **740** **$37M** median round **Oct 2026** last seen - 8 [Antler](https://millionrounds.com/fund/antler) *Deploying now* VC firm · United Kingdom **729** **$1M** median round **Nov 2026** last seen - 9 [8VC](https://millionrounds.com/fund/8vc) *Deploying now* VC firm · United States **497** **$23M** median round **Oct 2026** last seen - 10 [Mitsubishi UFJ Capital](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd) *Deploying now* VC firm · Japan **493** **$4.7M** median round **Nov 2026** last seen - 11 [Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation) *Deploying now* VC firm · Japan **480** **$7.6M** median round **Sept 2026** last seen - 12 [DCVC](https://millionrounds.com/fund/data-collective) *Deploying now* VC firm · United States **431** **$29M** median round **Nov 2026** last seen - 13 [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) *Deploying now* VC firm · United States **398** **$40M** median round **Nov 2026** last seen - 14 [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) *Deploying now* VC firm · Japan **397** **$6.5M** median round **Nov 2026** last seen - 15 [Temasek Holdings](https://millionrounds.com/fund/temasek) *Deploying now* VC firm · Singapore **384** **$100M** median round **Oct 2026** last seen - 16 [SBI Investment](https://millionrounds.com/fund/sbi-investment) *Deploying now* VC firm · Japan **330** **$8.7M** median round **Sept 2026** last seen - 17 [Almi Invest](https://millionrounds.com/fund/almi-invest) *Deploying now* VC firm · Sweden **328** **$1.1M** median round **Nov 2026** last seen - 18 [QED Investors](https://millionrounds.com/fund/qed-investors) *Deploying now* VC firm · United States **314** **$29M** median round **Oct 2026** last seen - 19 [Headline](https://millionrounds.com/fund/headline) *Deploying now* VC firm · United States **307** **$15M** median round **Oct 2026** last seen - 20 [Wellington Management](https://millionrounds.com/fund/wellington-management) *Deploying now* VC firm · United States **297** **$130M** median round **Oct 2026** last seen - 21 [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) *Deploying now* VC firm · United States **295** **$16M** median round **Nov 2026** last seen - 22 [Angel Invest](https://millionrounds.com/fund/angel-invest) *Deploying now* VC firm · Germany **282** **$1.5M** median round **Nov 2026** last seen - 23 [Vertex Ventures](https://millionrounds.com/fund/vertex-ventures) *Deploying now* VC firm · Mexico **267** **$15M** median round **Sept 2026** last seen - 24 [Unpopular Ventures](https://millionrounds.com/fund/unpopular-ventures) *Deploying now* VC firm · United States **264** **$3M** median round **Sept 2026** last seen - 25 [Incubate Fund](https://millionrounds.com/fund/incubate-fund) *Deploying now* VC firm · Japan **245** **$2.8M** median round **Oct 2026** last seen **55 more on this list** All 80 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-vr) ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Vensum Power](https://millionrounds.com/company/vensum-power)** Series A · $10M *Led by* [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) - **6** Nov **[Harbinger](https://millionrounds.com/company/harbinger)** Series D+ · $240M *With* [Australian Gulf Capital](https://millionrounds.com/fund/australian-gulf-capital) - **5** Nov **[Circularity Fuels](https://millionrounds.com/company/circularity-fuels)** Seed · $7M *Led by* [DCVC](https://millionrounds.com/fund/data-collective) - **5** Nov **[Sand.ai](https://millionrounds.com/company/sand-ai)** Series A · $200M *With* [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) - **5** Nov **[Pay2o](https://millionrounds.com/company/pay2o)** Seed *With* [Mizuho Capital](https://millionrounds.com/fund/mizuho-capital) - **5** Nov **[Simulacra](https://millionrounds.com/company/simulacra)** Pre-seed *Led by* [ANRI](https://millionrounds.com/fund/anri) ## Stages This Year 2,219 rounds - Venture **20%** - Seed **18%** - Series A **18%** - Series B **10%** - Pre-seed **6%** - Other **27%** ## What They Backed Sectors, last 12 months - AI **920** - Biotech **149** - Healthcare **123** - Big Data & Analytics **116** - Fintech **115** - Financial Services **87** ## Cheques by Quarter Led Joined 765 Q1 25 818 Q2 25 861 Q3 25 920 Q4 25 865 Q1 26 721 Q2 26 620 Q3 26 164 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 VR & AR ### Who are the most active VC firms backing VR & AR? By cheques observed, the most active are Techstars, Sequoia Capital, Andreessen Horowitz, New Enterprise Associates and Khosla Ventures. ### How many VC firms backing VR & AR are there? 80 are on record. 94% made an investment in the last 12 months and 57% have led a round. ### Which stages do VC firms backing VR & AR back? Of the rounds with a named stage in the last 12 months, mostly Seed (26%) and Series A (25%). ### How big are the rounds VC firms backing VR & AR join? The typical (median) round among the leading investors here is $15M. ### Which sectors do VC firms backing VR & AR back most? In the last 12 months, mostly AI, Biotech and Healthcare. ### Which VC firms backing VR & AR lead the most rounds? Andreessen Horowitz (114 led), Sequoia Capital (91 led) and New Enterprise Associates (73 led). ### Where are VC firms backing VR & AR based? Among the most active, most are based in the United States (15), Japan (5) and the United Kingdom (1). ### What have VC firms backing VR & AR invested in recently? Recent rounds include Vensum Power (Series A, Nov 2026, with Lifeline Ventures), Harbinger (Series D+, Nov 2026, with Australian Gulf Capital) and Circularity Fuels (Seed, Nov 2026, with DCVC). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)