Are you looking for Seed VC investors that are actually writing Seed checks into U.S.-based startups?
We’ve got the perfect list for you based on data.
One thing I’ve learned about funds as an early-stage investor is that they don’t make investments regularly.
Some funds that were making a ton of seed investments last year, hardly made any this year. Other formerly active investors made none or have shut down.
That’s why I hope this list of the most active funds in the past year will be useful to founders, so you can actually focus on those funds that are making seed investments currently.
Here is a ranking of the most active Seed investors in 2024:
| Rank | Investor Name | Seed Investments |
| 1 | Y Combinator * | 94 |
| 2 | Alumni Ventures | 64 |
| 3 | SOSV * | 43 |
| 4 | General Catalyst | 33 |
| 5 | Gaingels † | 32 |
| 6 | Plug and Play Tech Center * | 31 |
| 7 | Techstars * | 30 |
| 8 | Accel | 28 |
| 9 | 500 Global * | 26 |
| 10 | Sequoia Capital | 25 |
| 11 | Andreessen Horowitz | 24 |
| 12 | First Round Capital | 23 |
| 13 | Insight Partners | 22 |
| 14 | Bessemer Venture Partners | 21 |
| 15 | Lightspeed Venture Partners | 20 |
| 15 | New Enterprise Associates | 20 |
| 17 | Coatue Management | 19 |
| 17 | Initialized Capital | 19 |
| 19 | Kleiner Perkins | 18 |
| 20 | Felicis Ventures | 17 |
| 21 | Lux Capital | 16 |
| 22 | Founders Fund | 15 |
| 22 | Index Ventures | 15 |
| 24 | Tiger Global Management | 14 |
| 24 | Union Square Ventures | 14 |
| 24 | Village Global | 14 |
| 27 | Anthemis Group | 13 |
| 27 | Craft Ventures | 13 |
| 27 | Mayfield Fund | 13 |
| 30 | Bain Capital Ventures | 12 |
| 30 | DCVC | 12 |
| 30 | Global Founders Capital | 12 |
| 30 | Greylock Partners | 12 |
| 34 | BetaWorks | 11 |
| 34 | Blume Ventures | 11 |
| 34 | Correlation Ventures | 11 |
| 34 | Founder Collective | 11 |
| 38 | GV (formerly Google Ventures) | 10 |
| 38 | Lowercarbon Capital | 10 |
| 38 | Northzone | 10 |
| 38 | Redpoint Ventures | 10 |
| 38 | Stripes Group | 10 |
| 43 | Aspect Ventures | 9 |
| 43 | Bain & Company Ventures | 9 |
| 43 | Benchmark | 9 |
| 43 | Boldstart Ventures | 9 |
| 43 | Builders VC | 9 |
| 43 | Canaan Partners | 9 |
| 43 | Crosslink Capital | 9 |
| 43 | FirstMark Capital | 9 |
| 43 | Greylock X Fund | 9 |
| 43 | NextView Ventures | 9 |
| 43 | Peak Ventures | 9 |
| 43 | Rainfall Ventures | 9 |
| 55 | 8VC | 8 |
| 55 | Altos Ventures | 8 |
| 55 | Battery Ventures | 8 |
| 55 | Binance Labs | 8 |
| 55 | Connetic Ventures | 8 |
| 55 | Forerunner Ventures | 8 |
| 55 | Lerer Hippeau | 8 |
| 55 | Lightspeed Scout Program | 8 |
| 55 | Matrix Partners | 8 |
| 55 | NFX | 8 |
| 55 | Obvious Ventures | 8 |
| 55 | Polaris Partners | 8 |
| 55 | RRE Ventures | 8 |
| 55 | Sapphire Ventures | 8 |
| 55 | Shasta Ventures | 8 |
| 55 | Thrive Capital | 8 |
| 55 | True Ventures | 8 |
| 55 | Wing Venture Capital | 8 |
| 55 | Wisdom Ventures | 8 |
Accelerators Make a Lot of Follow-on Seed Investments
You might have noticed that many of the top seed investors are accelerators (e.g. Y Combinator and SOSV) or have accelerator programs (e.g. Plug and Play). Their seed investments are often into portfolio companies that have gone through their accelerator programs, but not always.
Even the Most Active Seed Investors Make Few Investments
Another striking observation is that many funds on this list make only a handful of seed investments in a year. Well-known funds like Lerer Hippeau, Forerunner Ventures, Bettery Ventures, and Benchmark are making less than 10 seed investments in a 12-month period. That’s less than one seed investment per month.
It’s Better to Target Smaller Funds
Finally, the sum of the seed investments made in this list is 1,138. This is from a sample size of 3,897 or just 29% of all seed investments. What this implies is that founders might be better off targeting smaller funds since they account for more than two-thirds of seed investments.
Notes
The data set for this analysis includes seed investments into companies based in the U.S. from November 2023 to October 2024. This list will be updated periodically with newer data when available.
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