The Largest Venture Capital Firms in the World
Insight Partners and Andreessen Horowitz are the largest venture firms by assets under management at over $90 billion each, with Sequoia close behind near $85 billion. The order depends heavily on how you count: the biggest books mix venture with growth, buyout, and public-market strategies.
Largest by AUM: Insight & a16z (~$90B+) · AI share of 2025 global VC: 52.5% · US VC dry powder: ~$311B
A venture capital firm raises capital from institutional investors and backs private startups in exchange for equity, aiming to return many times the invested capital when the best companies go public or are acquired. As of 2026, the largest venture firms by assets under management are Insight Partners and Andreessen Horowitz at over $90 billion each, with Sequoia Capital close behind near $85 billion.
The ranking rewards scale across all strategies, which is why the top of the list is not made up of classic seed investors. Insight Partners is really a software growth-and-buyout firm; Tiger Global and Coatue are crossover platforms whose assets are mostly public equities and late-stage growth, not venture; a16z's total spans crypto, bio, growth, and defense funds. Judged only on early-stage venture, the field is far more even, and firms like Sequoia, Accel, Founders Fund, and Kleiner Perkins punch well above their headline AUM. The note column flags where a firm is a growth or crossover manager rather than a pure venture investor.
The backdrop is a market split in two. US venture deal value reached about $339 billion in 2025, a four-year high, but new fund commitments fell to a seven-year low, per the NVCA Venture Monitor. Roughly $311 billion of dry powder sits unspent, and artificial intelligence captured a majority of global venture dollars for the first time — about $193 billion of $367 billion, or 52.5%. Capital concentrated in a handful of megafirms and megadeals. Every firm below links to its Altss profile, where funds, leadership, and portfolio activity are tracked.
The largest venture capital firms in 2026, by the numbers
- Andreessen Horowitz roughly doubled in a year, raising about $15 billion across six funds in January 2026 to pass $90 billion in assets; that haul alone equaled more than 18% of all US venture dollars raised in 2025, per TechCrunch.
- US venture deal value hit about $339 billion in 2025, a four-year high, yet nearly half of all dollars went into a tiny fraction of deals — the AI mega-rounds, per the NVCA Q4 2025 Venture Monitor.
- Fundraising diverged sharply from deal activity: LP commitments to new US venture funds fell to a seven-year low in 2025, even as the largest growth funds raised freely.
- AI captured the majority of venture capital for the first time — about $193 billion of $367 billion globally in 2025 (52.5%), reaching a record 63% of US venture dollars in the third quarter.
- Dry powder kept climbing to about $311 billion in early 2025, nearly four times the 2015 level, concentrating firepower in the largest managers.
- The crossover funds retreated then returned: Tiger Global and Coatue, whose assets are mostly public and late-stage, re-entered private AI deals in 2025 after two quiet years.
Largest venture capital firms by AUM
Total firm AUM / committed capital per latest disclosure, 2025-2026
Ordered by total firm assets or committed capital across all fund strategies. Several leaders are growth, buyout, or crossover managers rather than pure venture investors; the note column flags them. Figures for private partnerships that do not disclose AUM are third-party estimates.
| # | Firm | AUM (USD) | Headquarters |
|---|---|---|---|
| 1 | Insight PartnersSoftware growth-and-buyout specialist rather than pure venture; passed $90B after closing Fund XIII and a $12.5B opportunities fund in early 2025 (Dec 2025). | $90B+ | New York, United States |
| 2 | Andreessen Horowitz (a16z)Multistage megafirm spanning apps, infrastructure, crypto, bio, and defense; roughly doubled in a year after a ~$15B raise (early 2026). | ~$90B | Menlo Park, United States |
| 3 | Sequoia CapitalRuns an open-ended evergreen fund; now separate from HongShan (China) and Peak XV (India/SEA) after the 2024 split (2025). | ~$85B | Menlo Park, United States |
| 4 | Tiger Global ManagementCrossover platform — total assets span long-short public equities, PE, and venture; only a minority is private venture (2025). | ~$75B | New York, United States |
| 5 | Coatue ManagementTechnology crossover/hedge fund across public equities, growth, and venture; regulatory AUM is higher once the public book is counted (2025). | ~$54B | New York, United States |
| 6 | General CatalystSelf-styled global investment and transformation firm blending seed-to-growth venture with health-system and buyout strategies (Sep 2025). | ~$43B | Cambridge, United States |
| 7 | Lightspeed Venture PartnersMultistage and now an SEC-registered adviser doing secondaries; passed $40B after raising over $9B across six funds (Dec 2025). | $40B+ | Menlo Park, United States |
| 8 | New Enterprise Associates (NEA)One of the oldest and largest US venture firms, investing across technology and healthcare; raised $3.5B in new funds in 2025. | ~$30B | Menlo Park / Washington, D.C. |
| 9 | ICONIQ GrowthGrowth-stage arm of ICONIQ Capital; deployed over $3B into AI startups, including Anthropic, in 2025. | ~$26B | San Francisco, United States |
| 10 | Index VenturesMultistage transatlantic firm; AUM undisclosed, estimated near $21B. Raised $2.3B across venture and growth funds in 2024 (est.). | ~$21B | San Francisco / London |
| 11 | AccelEarly-to-growth global firm across the US, Europe, and India; AUM not disclosed, third-party estimates range widely (est.). | ~$20B | Palo Alto, United States |
| 12 | Bessemer Venture PartnersMultistage generalist behind Canva, Shopify, and Toast; raised $1.35B across new funds in 2025. | ~$19B | San Francisco, United States |
| 13 | Battery VenturesMultistage technology investor that also does growth and buyout deals; closed a $3.25B flagship fund in early 2026. | ~$18B | Boston, United States |
| 14 | Founders FundPeter Thiel's contrarian deep-tech and defense firm behind SpaceX, Palantir, and Anduril; raised a record $6B growth fund in 2026. | ~$17B | San Francisco, United States |
| 15 | Khosla VenturesEarly-stage deep-tech investor and OpenAI seed backer; raised $3.5B across three funds in early 2025. | ~$17B | Menlo Park, United States |
| 16 | Thrive CapitalConcentrated growth-leaning firm with large repeat OpenAI and Stripe positions; closed a record $10B fund that will lift AUM further (early 2026). | ~$16B | New York, United States |
| 17 | Norwest Venture PartnersMultistage venture and growth firm backed by Wells Fargo as sole LP; reached $15.5B after closing a $3B global fund in 2024. | ~$15.5B | Palo Alto, United States |
| 18 | Greenoaks CapitalConcentrated global growth and crossover investor; launched a ~$2.25B opportunities fund in 2025 (est.). | ~$15B | San Francisco, United States |
| 19 | Kleiner PerkinsStoried Sand Hill Road multistage firm; announced $3.5B for AI investing in 2026. AUM not officially disclosed (est.). | ~$11B | Menlo Park, United States |
| 20 | Notable CapitalUS successor to GGV Capital after its 2024 split into Notable (US) and Granite Asia; early-to-growth multistage (2025). | ~$5B | San Francisco, United States |
Ranked by total firm AUM across all strategies, so growth and crossover managers (Insight, General Catalyst, Tiger Global, Coatue) sit alongside pure venture firms and are not directly comparable. Many private partnerships (Accel, Index, Kleiner Perkins, Founders Fund, Greenoaks) do not disclose AUM; those figures are third-party estimates and ranks 10-20 are close and order-sensitive. Some totals are early-2026 point-in-time figures inflated by newly closed funds and may include uncalled commitments.
Why the "largest" venture firms aren't the classic ones
This table orders firms by total AUM across every fund they run. That scale measure favors managers who added growth, buyout, crypto, or public-market strategies — so Insight Partners, a16z, Tiger Global, and Coatue rank at the top even though much of their capital is not early-stage venture.
Ranked on pure venture investing, the picture is flatter and the storied names — Sequoia, Accel, Founders Fund, Benchmark, Kleiner Perkins — compete on returns and access rather than assets. Venture is a business where fund size is a weak proxy for influence.
Largest venture capital firms — common questions
What is the largest venture capital firm in the world?
Why are Tiger Global and Coatue on a venture capital list?
How are these firms ranked?
How much of venture capital is going into AI?
Where do these figures come from?
Track the firms funding the next decade
Altss maintains a live profile for every firm on this list — funds, partners, and portfolio activity — alongside coverage of 30,000+ institutional investors, RIAs, and family offices.