This report ranks the top 25 venture capital firms in the U.S. as of March 2025, based on assets under management (AUM), number of investments, and overall influence. From tech giants like Sequoia Capital and Andreessen Horowitz to emerging powerhouses, these firms have been instrumental in backing some of the most successful startups, including Apple, Facebook, and Rivian.
Whether you’re a founder seeking funding or an investor tracking industry leaders, this list provides valuable insights into the firms shaping the future of venture capital.
Top 25 Venture Capital Firms
| Rank |
Venture Capital Firm |
Headquarters |
AUM (in $ billion) |
Number of Investments |
Team Size |
Notable Exits |
| 1 | Tiger Global Management | New York City, NY | 58.5 | 1188 | 200 | Rivian, Redfin, Spotify |
| 2 | Sequoia Capital | Menlo Park, CA | 56.3 | 2053 | 150 | Apple, Airbnb, PayPal |
| 3 | Andreessen Horowitz | Menlo Park, CA | 52.3 | 179 | 120 | Facebook, Twitter, Airbnb |
| 4 | New Enterprise Associates (NEA) | Chevy Chase, MD | 25.9 | 2211 | 200 | Salesforce, Tableau |
| 5 | Lightspeed Venture Partners | Menlo Park, CA | 25.0 | 300+ | 100 | Snap, Grubhub |
| 6 | Accel | Palo Alto, CA | 19.1 | 400+ | 80 | Facebook, Slack |
| 7 | Bessemer Venture Partners | Menlo Park, CA | 18.3 | 150+ | 90 | LinkedIn, Shopify |
| 8 | Khosla Ventures | Menlo Park, CA | 15.0 | 200+ | 70 | DoorDash |
| 9 | Dragoneer Investment Group | San Francisco, CA | 22.6 | 100+ | 50 | Rivian |
| 10 | TCV | Menlo Park, CA | 20.0 | 500+ | 60 | Netflix |
| 11 | General Catalyst Partners | Cambridge, MA | 8.21 | 300+ | ~50 | Warby Parker |
| 12 | ARCH Venture Partners | Chicago, IL | 6.38 | 150+ | ~40 | Illumina |
| 13 | Qiming Venture Partners | Shanghai (U.S. Office) | 6.90 | 100+ | ~30 | N/A |
| 14 | Flagship Pioneering | Cambridge, MA | 5.29 | 80+ | ~40 | Moderna |
| 15 | B Capital Group | Manhattan Beach, CA | 5.19 | Various | ~30 | N/A |
| 16 | Sapphire Ventures | Austin, TX | 4.87 | 100+ | ~30 | N/A |
| 17 | Venrock | Palo Alto, CA | 3.8 | 400+ | ~30 | Apple, DoubleClick |
| 18 | RRE Ventures | New York City, NY | 2.5 | 200+ | ~25 | Aardvark, BuzzFeed |
| 19 | Battery Ventures | Boston, MA | 3.8 | 300+ | ~40 | HubSpot, Glassdoor |
| 20 | CRV | Menlo Park, CA | 2.0 | 200+ | ~20 | Twitter, Zendesk |
| 21 | Goodwater Capital | San Mateo, CA | 1.5 | 100+ | ~15 | N/A |
| 22 | Mayfield Fund | Menlo Park, CA | 2.0 | 150+ | ~20 | N/A |
| 23 | True Ventures | San Francisco, CA | 1.5 | 200+ | ~15 | Evernote, Turo |
| 24 | BoxGroup | New York City, NY | 1.0 | 50+ | ~10 | N/A |
| 25 | Initialized Capital | San Francisco, CA | 1.0 | 80+ | ~10 | Coinbase, Instacart |
Key Takeaways
- Dominance of Silicon Valley: The majority of top VC firms are headquartered in California, particularly Menlo Park and Palo Alto, reaffirming the region’s status as the epicenter of startup investment.
- Mega-Funds Lead the Pack: Tiger Global Management, Sequoia Capital, and Andreessen Horowitz top the rankings with AUM exceeding $50 billion, driving high-impact investments across industries.
- Prolific Investors: NEA, Accel, and Lightspeed have backed the highest number of startups, emphasizing their broad reach in the venture ecosystem.
- Notable Exits: These firms have fueled the success of companies like Airbnb, Spotify, Shopify, and Moderna, demonstrating their ability to pick and scale winning startups.
- Smaller Yet Influential Firms: Emerging firms like Initialized Capital and BoxGroup, despite smaller AUM, have been instrumental in launching high-growth startups like Coinbase and Instacart.
For entrepreneurs and investors alike, these firms represent the driving force behind the next wave of innovation and economic growth.
