How Many Venture Capital Firms Are There in the US? 1,574 Active in November 2026
We count 2,975 venture capital firms in the United States as of November 2026, of which 1,574 are active: each made a new investment in the last 12 months or raised a new fund in the last 24. A further 836 are likely active. 2,965 of the 2,975 are tied to an SEC filing (Form D or Form ADV).
Key takeaways
- 2,975 US venture capital firms are on our list. 1,574 (53%) are active and 836 (28%) are likely active.
- 1,140 firms filed a Form D for a new fund in the 12 months to 6 Nov 2026, and 1,664 in the 24 months.
- California has the most firms (1,038), then New York (440) and Massachusetts (185).
- The median latest fund is $30M, across the 1,010 firms whose Form D states a size.
- The number depends on the definition. Ours counts firms, not fund vehicles, and leaves out firms that have stopped investing.
How many venture capital firms are there in the US?
2,975, on our definition: a US venture capital fund, fund manager or corporate venture arm that has not stopped investing. 2,965 of them have an SEC filing (a Form D for a pooled venture fund, or a Form ADV); the other 10 come from our own research. It is the same set of firms as our list of US venture capital firms. We sort each firm into one of four activity groups, using dated evidence only.
| Status | What it means | Firms | Share |
|---|---|---|---|
| Active | A new investment in the last 12 months, or a new fund in the last 24 months | 1,574 | 53% |
| Likely active | The latest fund is still inside its investment period, or new portfolio companies have appeared | 836 | 28% |
| Slowing | The latest evidence is 2 to 4 years old | 104 | 3% |
| Not confirmed | No dated evidence found, so never counted as active | 461 | 15% |
| All US venture capital firms | 2,975 | 100% |
Activity status is our research: it comes from each firm's filings, its own website and its portfolio page. The SEC does not publish it.
How many US VC firms raised a new fund in the last 12 months?
1,140 of the 2,975 firms (38%) have a Form D filing dated in the 12 months to 6 Nov 2026. Over 24 months the figure is 1,664 (56%). The filing date comes straight from SEC Form D. A new fund is the clearest public sign that a firm has capital to invest.
| Latest Form D filing | Firms | Share of all firms |
|---|---|---|
| In the last 12 months | 1,140 | 38% |
| In the last 24 months | 1,664 | 56% |
| Any date on file | 2,358 | 79% |
Which states have the most venture capital firms?
The top 10 states hold 2,341 of the 2,975 firms (79%). The state is the firm's address on its SEC filing or, without one, on its website.
| State | VC firms | Share |
|---|---|---|
| California | 1,038 | 35% |
| New York | 440 | 15% |
| Massachusetts | 185 | 6% |
| Texas | 181 | 6% |
| Florida | 177 | 6% |
| Illinois | 87 | 3% |
| Washington | 69 | 2% |
| Colorado | 67 | 2% |
| Connecticut | 49 | 2% |
| Utah | 48 | 2% |
Every state list is on the venture capital firms by state page. New funds and capital raised per state are in our state fundraising study.
How big is a typical US venture fund?
The median latest fund is $30M. That is the middle value of the 1,010 firms whose most recent Form D states a size. Fund size is SEC Form D data: the total offering amount, or the amount sold where the offering is open-ended.
| Latest fund size (SEC Form D) | Firms | Share |
|---|---|---|
| Under $10M | 204 | 20% |
| $10M to $25M | 231 | 23% |
| $25M to $50M | 166 | 16% |
| $50M to $100M | 169 | 17% |
| $100M to $250M | 146 | 14% |
| $250M to $1B | 87 | 9% |
| $1B and over | 7 | 1% |
What other kinds of venture investor are on the list?
Beside the 2,975 venture capital firms we hold 44 other US organizations that back startups, for 3,019 US investors in all.
| Type | US organizations |
|---|---|
| VC firm | 2,937 |
| Accelerator | 30 |
| Fund manager | 21 |
| Corporate VC | 17 |
| Single family office | 5 |
| Multi-family office | 4 |
| Venture debt | 3 |
| Government or university fund | 2 |
Why do published counts of US venture capital firms differ?
Because each source counts a different thing. Four choices move the number most:
- Firms or funds. One firm can file many fund vehicles. We count the firm once.
- Ever raised, or active now. A count of every firm that ever raised a fund is far larger than a count of firms investing this year. We give both the total and the active figure.
- What counts as venture. We keep funds that describe themselves to the SEC as venture capital funds. We leave out single-deal vehicles, series vehicles run by platforms, real estate funds and funds under $3 million.
- Where the data comes from. Ours starts from SEC filings, so a firm that has never filed with the SEC is in the count only when our own research found it.
Method and limits
- Source
- SEC Form D and Form ADV filings on EDGAR, then each firm's own website for what it backs and whether it is still investing.
- Inclusion rule
- A US venture capital fund, fund manager or corporate venture arm. Most enter through a Form D for a pooled fund described as a venture capital fund; a few come from our own research. Dropped: single-deal vehicles, platform series vehicles, real estate funds, funds under $3 million, and firms whose site says they have stopped investing or whose latest evidence is more than 4 years old.
- Active
- A dated new investment in the last 12 months, or a new fund in the last 24 months.
- Dates
- Filing dates run from 20 Mar 2019 to 6 Nov 2026. Rows were last checked in November 2026.
- Limits
- This is a count of the firms we hold, not a census. 10 of the 2,975 have no SEC filing on file with us. Most firms that raise without filing a Form D are missing. 461 firms have no dated activity evidence and are shown as not confirmed.
- Refresh
- The Form D data is refreshed weekly. This page is rebuilt from the data each time, so the figures move with it.
Questions
How many venture capital firms are there in the US?
2,975 on our count as of November 2026: US venture capital funds, fund managers and corporate venture arms that have not stopped investing. 1,574 of them are active.
How many active VC firms are there in the US?
1,574. Active means a new investment in the last 12 months or a new fund in the last 24 months. Another 836 are likely active.
Which state has the most venture capital firms?
California, with 1,038 firms (35% of the US total). New York is second with 440.
How many US VC firms raised a new fund in the last year?
1,140 firms have a Form D filing dated in the 12 months to 6 Nov 2026.
What is the median size of a US venture fund?
$30M, taking the latest fund of each of the 1,010 firms whose Form D states a size.
Why is this number different from other counts?
Counts differ with the definition: firms or fund vehicles, ever raised or active now, and what is treated as venture. Ours counts firms, starts from SEC filings and leaves out firms that have stopped investing.
Can I get the list behind this count?
Yes. Every list page shows 25 rows free, and the US file holds all 3,019 US investors for $197, one-time.
One-time payment. No subscription. No account.
Or get the free sample file (100 investors) first.
Related
New venture funds and capital raised by stateForm D filing statisticsHow to read a Form DForm D glossaryVenture capital firms in the US (2,975)Active venture capital firms in the US (1,574)Venture capital firms by stateHow to build an investor listWhat is in the investor databaseInvestor matching tool
Cite this page
Muhammad Tayyab Shabbir, "How Many Venture Capital Firms Are There in the US? 1,574 Active in November 2026", The Investor Database, 10 Nov 2026. https://theinvestordatabase.com/guides/how-many-venture-capital-firms-in-the-us/
The figures and tables on this page may be quoted or republished with a link to this page (CC BY 4.0). The contact data in the paid files is not covered.