Best 100 Active Venture Capitalist Firms for Startup Funding in 2024
Last Updated: Feb 29, 2024
The process of raising enough capital is the backbone of every startup. But company founders will agree that it is easier said than done. With a limited operating period, few assets and no reputation to rely on, convincing investors, ie. venture capital firms, to fund your startup is always a challenge. Over the years, various financial instruments have developed to make the fundraising process simpler for startup founders. Venture capital firms are among them.
In this article, we will discuss venture capital funding in detail and also provide a comprehensive list of the most active 100 venture capital firms you can reach out to. Let us begin with the basics.
Venture Capital Funding
Certain financial institutions called venture capital firms have evolved over the years, specializing in investing in early-stage companies. Their funding pattern is designed in a way that they specifically choose high risk emerging businesses to invest in, have a short engagement period, and exit with massive profits. These firms are run by partners known as venture capitalists. Let us discuss these in detail.
What is venture capital funding?
Venture capital funding is a subset of private equity. This pattern of funding is gathering popularity in the startup marketplace and increasingly becoming essential as well. Venture capital is best suited for companies with short operating periods lacking access to capital markets or opportunities for business loans. Most venture capital firms are professionally managed and demand higher interest rates in comparison to stock market investments. All partners have limited ownership while the firm makes investment decisions usually in favor of avenues that most banks and capital markets would deem too risky.
Why do businesses look for venture capitalists for company funding?
Companies raise operating capital in two ways, debt finance and equity finance. Startups and early-stage companies usually cannot afford debt finance due to their high-risk profile and inability to present collaterals. Even in the case of equity financing, these seed-stage companies may not have enough takers for their shares due to a lack of established metrics that justify their success. Hence in such cases, venture capital funding becomes the go-to option as they are designed for investments in this sector. Here are some specific advantages of venture capital funding:
- Expertise – Venture capitalists are usually successful entrepreneurs themselves. Since they get involved in the decision making of the companies they are funding, their expertise is a valuable addition to the startup apart from their invested capital.
- Focused approach – Venture capitalists limit their engagement period with the investing company ensuring a well-planned utilization of their funds. It could be anywhere between 4 – 6 years. The company seeking venture capital must have an exit plan in place which must either target acquisition or IPO. The venture capital firm will handhold the company through this process and will enjoy massive profits once the company succeeds in achieving one of the two exits.
- No repayment –This is a unique feature of venture capital funding. They invest big and want the companies to grow quickly. But if the company fails, entrepreneurs are not liable to return the money as would be required in regular loans. Venture capital firms take calculated risks and adhere to strict guidelines that ensure that if at all a startup was to fail, it would be due to unprecedented market forces and a collective loss with minimal chances of foul play.
- Network – Since venture capitalists are business giants themselves, a startup engaging with them automatically gains access to the partner’s networking channels. This may open up advanced funding avenues for the company as well as improve access to a pool of professional talent needed for the company to expand.
Finding Right VC for your Company in 2024
At the onset, one must know that the majority of startups applying for venture capital funds will be declined. According to Business magazine Inc., only a mere 0.62% of startups manage to secure VC funds. This low rate indicates the precision with which venture capitalists select the businesses worth their time and money. However, there is no reason to be disheartened. A methodical approach to this funding process will win you the much-awaited funds from a top venture capital firm. Before approaching a firm, let us first understand the different stages of venture capital funds.
Types of venture capital funding
A venture capitalist does not prefer to enter a business either too early when the product viability has not yet been tested or too late when the markets become competitive. Though they are known to invest in all of the following categories, a startup stands a much better chance if they have secured the preliminary funds from other sources. The three tiers of venture capital funding are:
- Startup stage – Also known as the pre-seed stage, this is the point when the startup is crossing the idea stage and moving into product development. Funding at this stage helps the company to set up its operations. Usually, founders seek startup funding from close, reliable sources such as friends and family or approach angel investors. A venture capitalist may show interest at this stage only if the idea is compelling and they see profits in backing this company right from inception. However, normally they invest in the later stages.
- Seed stage – This is the stage when the company plans to use its product or service to test the market. At this point, they would not have begun large scale commercial operations. Venture capital firms largely target this stage to make their entry. Funding can be anywhere between $10,000 and $2 million.
- First-round – Also known as the ‘Series A’, this stage of funding is best suited for companies with a go-to-market strategy in place. They usually have a product team and are ready to scale up to commercial manufacturing and sales. ‘Series A’ funding ranges between $2 million and $15 million. The most common investment is $5 million. Since it is a substantial amount of money, the startup must have a business model in place and are expected to use this money to raise revenue as well. To secure these funds, the business now must show promise of becoming a great company.
By now we have gathered a fair idea about venture capitalists and their funding options. The next section provides a comprehensive list of 100 active venture capitalist firms detailing their investments and operating industries.
Best 100 Active Venture Capital Firms in 2024
A venture capitalist has access to a large fund but a short window to generate huge returns. On average, 1 out of 20 investments holds promise for high returns. Hence the partner has to be choosy about investments as the returns not only have to generate additional funds for the venture capital firm, but also cover for the losses incurred in high-risk investments. Entrepreneurs must be well equipped with the nature of operations of their target VC. The following information aims to provide a good starting with a list of the top venture capital firms:
Organization | Location | Number of Investments | Number of Exits | Key Investments |
---|---|---|---|---|
Techstars | United States | 5,962 | 466 | Remitly, Uber, Wise |
500 Global | United States | 3,094 | 372 | Udemy, Canva, GitLab |
SOSV | United States | 2,691 | 74 | NotCo, OpenTrons, Rightbot |
New Enterprise Associates | United States | 2,155 | 587 | Databricks, Coursera, Perplexity |
Accel | United States | 1,972 | 368 | Squarespace, Dropbox, Slack |
Sequoia Capital | United States | 1,886 | 380 | Zomato, Airbnb, Doordash |
Plug and Play | United States | 1,695 | 162 | Trulioo, Dropbox, Course Hero |
Bossanova Investimentos | Brazil | 1,689 | 175 | Evabot, Hubilo, Leap Club |
Intel Capital | United States | 1,575 | 491 | Snapdeal, Actions Semiconductor, MongoDB |
Andreessen Horowitz | United States | 1,479 | 211 | Stripe, Instacart, Databricks |
SVA | United States | 1,406 | 440 | Character AI, Replit, Quora |
Kleiner Perkins | United States | 1,397 | 335 | Juniper Networks, Nextdoor, SoundCloud |
Bessemer Venture Partners | United States | 1,366 | 302 | Rabbit, Vertice, Perplexity AI |
Newchip Accelerator | United States | 1,351 | 8 | Aureli Ventures, Paywoke, Getmee |
FJ Labs | United States | 1,350 | 90 | Forta, Meesho, Velocity |
Lightspeed Venture Partners | United States | 1,318 | 227 | Medallion, Cheddar, Typeface |
General Catalyst | United States | 1,238 | 189 | Luma AI, Teamworks, Nord Security |
Tiger Global Management | United States | 1,183 | 136 | Quora, Nextdoor, GreyOrange |
Khosla Ventures | United States | 1,153 | 164 | Rabbit, Overmoon, Stripe |
Antler | Singapore | 1,140 | 7 | UpBrand, Source AI, Quench.ai |
Advantage Capital | United States | 1,128 | 124 | Nevada Nano, Granex, Nextility |
Index Ventures | United States | 1,119 | 243 | SoundCloud, Mimecast, Pomelo |
Google Ventures | United States | 1,084 | 238 | Rabbit, Nextdoor, FlutterFlow |
European Innovation Council | Belgium | 1,068 | 23 | Onera Health, Sentante, MushLabs |
Insight Partners | United States | 1,050 | 210 | Forta, Nextdoor, DigitalOwl |
Sequoia Capital China | China | 1,034 | 102 | Peak Labs, v2food, Nevrvos Network |
Crowdcube | United Kingdom | 1,026 | 19 | Rematch, Swing, Bidstack |
Goldman Sachs | United States | 1,017 | 363 | Cheddar, Vestwell, ZestMoney |
Global Founders Capital | Germany | 957 | 84 | Klaus, Getsafe, Jupiter |
Qiming Venture Partners | China | 920 | 77 | Leapstack, Magair Chemical, TigerGraph |
Innovate UK | United Kingdom | 910 | 52 | Genomics, Trojan Energy, Cyted |
Norwest Venture Partners | United States | 909 | 198 | InfluxData, BillionToOne, Harness |
GGV Capital | United States | 906 | 134 | Airbnb, Palantir Technologies, Slack |
First Round Capital | United States | 893 | 199 | Uber, Airbnb, GitHub |
Founders Fund | United States | 876 | 144 | Wish, Instacart, Pinterest |
Greylock | United States | 858 | 255 | Airbnb, LinkedIn, Discord |
High-Tech Grunderfonds | Germany | 853 | 111 | Zalando, Klarna, HelloFresh |
Battery Ventures | United States | 845 | 206 | Datadog, Plaid, Strata |
Venrock | United States | 807 | 274 | Palo Alto Networks, Tesla, CrowdStrike |
Greycroft | United States | 791 | 132 | Braintree, Buddy Media, Candid |
ZhenFund | China | 776 | 53 | Blueseed, Mobvoi, Momenta |
Menlo Ventures | United States | 774 | 178 | CloudTrucks, Chatesk, Photomath |
Gaingels | United States | 770 | 38 | Bolt, Relativity Space, Dapper Labs |
Canaan Partners | United States | 770 | 161 | Unchained Labs, Instacart, Dexcom |
Hiventures | Hungary | 748 | 6 | Logiscool, Healcloud, Pastpay |
Redpoint | United States | 748 | 166 | Nextdoor, Zendesk, Stripe |
Goodwater Capital | United States | 740 | 16 | Rabbit, Monzo, Toss |
Foundation Capital | United States | 722 | 168 | Uber, Netflix, Auxmoney |
True Ventures | United States | 705 | 112 | EdgeConneX, Opemdoor, Peloton |
Technology Development Fund | Iceland | 693 | 13 | Oculis, Kerecis, Controlant |
Matrix Partners China | China | 685 | 46 | Didi Chuxing, Kuaishou, Bilibili |
Benchmark | United States | 679 | 187 | Quora, Glassdoor, Nextdoor |
Polaris Partners | United States | 678 | 175 | Freenome, Fate Therapeutics, Drizly |
CRV | United States | 665 | 159 | Zendesk, FlutterFlow, Bird |
Matrix | United States | 664 | 154 | Country Delight, Quora, Luma AI |
Mayfield Fund | United States | 658 | 195 | Lyft, SolarCity, Cytokinetics |
Peak XV Partners | India | 651 | 73 | BYJU's, Ola, OYO |
BoxGroup | United States | 637 | 113 | Ramp, Airtable, Dataminr |
DCM Ventures | United States | 634 | 133 | Lime, Metafy, Careem |
Lerer Hippeau | United States | 632 | 158 | BuzzFeed, Oscar Health, Zipline |
Bain Capital Ventures | United States | 630 | 128 | Lime, BlockFi, Momentive |
Felicis | United States | 615 | 158 | Wish, Opendoor, Flexport |
Global Brain Corporation | Japan | 612 | 92 | Lime, Solaris, ROXX |
Almi Invest | Sweden | 608 | 41 | Fishbrain, Apica, Epishine |
East Ventures | Japan | 598 | 54 | ROXX, Tokopedia, Traveloka |
RRE Ventures | United States | 593 | 129 | Palantir Technologies, Avant, Bolt |
Atlas Venture | United States | 590 | 182 | DataRobot, Solyndra, Accent Therapeutics |
Startup Wise Guys | Estonia | 579 | 7 | Coinbase, Invision, X |
U.S. Venture Partners | United States | 573 | 158 | Solyndra, Box, HeartFlow |
Seedcamp | United Kingdom | 567 | 61 | Wise, Knowable, Make Works |
Partech | France | 557 | 100 | Auxmoney, Wasoko, Getsafe |
BDC Venture Capital | Canada | 549 | 126 | Hopper, GridPoint, Trulioo |
Spark Capital | United States | 543 | 99 | Coinbase, Invision, Clover Health |
Northstar Ventures | United Kingdom | 521 | 24 | Amplience, Fairstone, MobiCart |
Shenzhen Capital Group | China | 519 | 89 | Hozon, SVOLT, LeSee |
Eight Roads Ventures | United Kingdom | 513 | 106 | Alibaba Group, Cazoo, MakeO |
Initialized Capital | United States | 511 | 95 | Instacart, Coinbase, Slack |
Madrona | United States | 501 | 98 | Snowflake, Typeface, Pioneer Square Labs |
Highland Capital Partners | United States | 501 | 148 | Lululemon, WePay, Verifiable |
DCVC | United States | 499 | 102 | Airtable, SentinelOne, Deepcell |
SMBC Venture Capital | Japan | 497 | 70 | Micoworks, Axelspace, ROXX |
Mitsubishi UFJ Capital | Japan | 489 | 76 | Micoworks, Coinbase, Axelspace |
Shunwei Capital | China | 485 | 33 | Neurodome, Meesho, Huami |
Soma Capital | United States | 483 | 38 | Rippling, Mercor, Omni |
Vertex Ventures | Singapore | 473 | 96 | FirstCry, Pilgrim, Licious |
Headline | United States | 472 | 77 | Pismo, Bird, Fetch |
Trinity Ventures | United States | 470 | 143 | InfluxData, Docker, Apollo |
ARCH Venture Partners | United States | 468 | 103 | Pioneer Square Labs, Resilience, SAGE Therapeutics |
Lux Capital | United States | 465 | 53 | Resilience, FTX, Ramp |
International Finance Corporation | United States | 464 | 110 | BYJU's, Nubank, 1mg |
Crosslink Capital | United States | 462 | 106 | Pandora, Postmates, Casper |
LAUNCH | United States | 459 | 50 | Braintrust, Verbaly, Groundwork |
8VC | United States | 458 | 37 | Showroom, Omni, Resilience |
Legend Capital | China | 452 | 43 | Leapstack, Wish, UNISOC |
Speedinvest | Austria | 450 | 30 | Bitpanda, Gigs, Ledgy |
Internet Initiatives Development Fund (IIDF) | Russian Federation | 446 | 4 | DocsInbox, Selvery, Infobot |
F-Prime Capital | United States | 441 | 89 | PharmEasy, Genomics, Cipla Health |
Social Starts | United States | 440 | 68 | Noctrix Health, Contastic, Clipstone |
Pareto Holdings | United States | 437 | 37 | Ramp, Archer, Quench.ai |
Union Square Ventures | United States | 434 | 57 | SoundCloud, Coinbase, Duolingo |
This comprehensive list was gathered from public data online, mainly from sources like Crunchbase, CB insights and others. This data is for informational purposes only. Should you have any suggestions on updates to this data, you can contact us at info@eqvista.com and we will gladly follow up with you.
List of Important VC Firms
Further to the 100 active venture capitalist firms mentioned above, based on their funding history, we have narrowed the listing to the 15 most important. The following section provides a brief about each of these VC firms.
1. Techstars
Techstars aids several of the most successful business owners in securing funding, receiving guidance from industry experts, expanding their client base, developing their workforce, and select optimal IT infrastructure. More than 5,962 businesses have received funding from Techstars. Diverse industries like HealthTech, FinTech, Web3, and CleanTech in regions from Miami and Silicon Valley to Lagos and London have benefitted from their investments. Their portfolio is one of the biggest pre-seed investors in the world and is as varied as its 9,000+ founders. Their key investments have been Remitly, Uber, Wise.
2. 500 Global
500 Global is a $2.4B venture capital fund that backs entrepreneurs creating disruptive technologies. Their main interest is in developing countries and emerging markets where long-term wealth may be unlocked through technological innovation and investment. They have made 3,094 investments in over 160 firms worth over $100 million in their portfolio, 35+ of which have valuations of over $1 billion. More than 180 people are working for them from 30 different countries, all of whom have backgrounds as founders, investors, or administrators at some of the best software businesses in the world. Their key investments include Udemy, Canva, and GitLab.
3. SOSV
SOSV is a worldwide VC company that invests in startups at several stages, beginning with their custom pre-seed startup development programs for entrepreneurs building game-changing products. SOSV ranks among the most prominent venture investors worldwide, with 2,691 investments of over $1.5 billion under management and almost 425 diversity investments involving 200+ Deep tech investments. Supporting ambitious deep-tech startups with the potential to improve human and environmental health to a substantial degree is key to their work. Their notable investments are NotCo, OpenTrons, and Rightbot.
4. New Enterprise Associates
Their portfolio is led by pioneering businesspeople who are developing game-changing innovations and building market leaders of the future. Successful businesspeople from varied industries have joined as Venture Partners at NEA, with extensive knowledge in their respective fields and professional connections. NEA is at the forefront of technological development, with offices on both coasts of the United States and a growing worldwide presence. With around 2,155 investments made across industries like Financial Services, Health Care, Lending, and Investment, NEA’s key investments have been Databricks, Coursera, and Perplexity.
5. Accel
Accel, a venture capital company, has participated in 165 investments focused on diversity, with its latest investment in this area being made on August 30, 2023. These startups represent a wide range of industries, including software as a service (SaaS), business-to-business markets (B2B), web-based direct-to-consumer (D2C), hardware, and health and wellness. With at least 1,972, their significant investments remain Squarespace, Dropbox, and Slack.
6. Sequoia Capital
From inception through initial public offering and beyond, Sequoia supports risk-taking entrepreneurs as they create tomorrow’s household names. Their purpose is to encourage entrepreneurs to think beyond the box. More than a quarter of NASDAQ’s market cap comes from firms funded by Sequoia. From the outset, the bulk of these investments have been made on behalf of charitable organizations and educational institutions like the Ford Foundation, Mayo Clinic, and MIT, so the work of these founders has a real-world impact. They have made at least 1,886 investments, and the most prominent ones are Zomato, Airbnb, and Doordash.
7. Plug and Play
Across a wide range of sectors, this network includes over 50,000 new businesses, 550+ Leading multinational companies, and hundreds of VCs, colleges, and government organizations. They aim to build an innovative ecosystem to create and deploy future technologies in collaboration with their partners. Plug and Play connects Silicon Valley with over 30 other offices worldwide. They have made over 1,695 investments across industries, and the most significant among them are Trulioo, Dropbox, and Course Hero.
8. Bossanova Investimentos
The Brazilian venture capital firm Bossanova invests in startups in the technology sector. Members of their team have experience in founding or growing technological companies. This gives them an insider’s look at the challenges of starting and running a firm. They prefer businesses with a SaaS or Mobile specialization and work mostly with B2B clients. Their key investments include Evabot, Hubilo, and Leap Club, and their total investments have been over 1,689 across various industries.
9. Intel Capital
Intel Capital, located in Santa Clara, California, was established in 1991 as Intel’s business venture capital division. The company’s primary investment focus is on seed and early-stage companies in the Silicon Valley, Frontier, Gadgets, and Cloud regions of the technology ecosystem. Their portfolio includes involvement with Snapdeal, Actions Semiconductor, and MongoDB from the overall 1,575 investments so far.
10. Andreessen Horowitz
Andreessen Horowitz, sometimes abbreviated as “a16z,” was co-founded by Marc Andreessen and Ben Horowitz in 2009 in Silicon Valley to invest in risk-taking entrepreneurs shaping the future of technology. From early-stage startups to more established enterprises, they back innovative businesses in the bio, healthcare, consumer, cryptocurrency, enterprise, financial services, gaming, and United States economic growth sectors. The total amount of money that a16z accounts for is $35 billion. Stripe, Instacart, and Databricks are among the most notable investments across its 1,479 total investments.
11. SVA
Located in the United States, SV Angel is a prominent early-stage firm focusing on tech startups. With a total of 1,406 investments and 440 exits, they’ve had a significant impact on the startup ecosystem. Key investments include Character AI, Replit, and Quora. SV Angel provides funding and strategic advice to their portfolio companies, leveraging their extensive network in the tech industry to support growth and innovation.
12. Kleiner Perkins
Kleiner Perkins is a venture capital firm based in the United States, known for backing innovative companies across various stages and sectors. They have made 1,397 investments and have seen 335 exits, demonstrating their ability to identify and support high-growth potential companies. Notable investments include Juniper Networks, Nextdoor, and SoundCloud. Kleiner Perkins is committed to partnering with entrepreneurs to build impactful companies from the ground up.
13. Bessemer Venture Partners
In order to create successful businesses with lasting longevity, Bessemer Venture Partners aids entrepreneurs in establishing solid groundwork. Bessemer helps CEOs and founders of its more than 300 portfolio businesses in the corporate, consumer, and healthcare sectors at every step of development. Bessemer’s worldwide portfolio includes 1,366 investments in companies including Rabbit, Vertice, and Perplexity AI. Partners and investors from Bessemer are spread around the globe, with offices in Tel Aviv, Silicon Valley, New York City, London, Boston, Beijing, and Bangalore.
14. Newchip Accelerator
With 1,351 investments and 8 exits, Newchip Accelerator is an influential entity in the startup world, particularly in the United States. They provide founders with comprehensive tools and skills to scale and fund their startups, evidenced by key investments in Aureli Ventures, Paywoke, and Getmee. Newchip Accelerator stands out for its commitment to democratizing access to resources and knowledge for startups globally.
15 FJ Labs
FJ Labs is a VC business with its headquarters in New York City. It was founded in 2015. The company is looking for investment opportunities in all sectors and regions. They have invested in 1,350 projects across industries like Commerce and Shopping, Financial Services, Lending, and Investments. Their key investments include Forta, Meesho, and Velocity.
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