October turned out to be quite a busy month for many of the big names in enterprise and once again led the way Andreessen Horowitz.
Other investors, e.g Partners of the Lightspeed enterprise AND Generic catalytic converter closely watched, and all have invested in 11 or more rounds involving U.S.-based firms.
Interestingly, none of those firms participated in the big round of the month — OpenAIa whopping $6.6 billion raise, but everyone apparently found loads of other deals they liked.
Andreessen Horowitz, 14 offers
Few firms have been as busy as Andreessen Horowitz. In the three months to October, the giant from Menlo Park, California, concluded 32 transactions involving US start-ups.
October A16z had its busiest month of the 12 months, collaborating in 14 rounds with US startups. The largest was on a mortgage servicing platform in New York Valona Technologies$100 million Series C led by WestCap.
The largest round the company has led was a $51.5 million Series C for the San Francisco-based company Infinite systemswhich has developed an AI platform specifically built to automate manual healthcare phone calls.
General Catalyst, 12 offers
General Catalyst also had one of its most significant months, announcing a dozen deals, tying it for April.
As impressive as that is, perhaps most notable are the two massive rounds he led – or co-led – over the course of three days.
On October 25, he led a $900 million Series A round Pacific Fusiona startup attempting to create an energy source based on nuclear fusion. This quickly followed on October 28, co-running a cybersecurity startup Armis’s safetyalong with a massive $200 million Series D Capital of Alkeon.
Lightspeed Venture Partners, 11 offers
Continuing with our theme, last month Lightspeed also invested in more rounds involving US-based startups than any other month this 12 months. This included participating in the large Pacific Fusion round.
He also participated in the San Francisco-based company’s $135 million Series D round EvenUplegal technology startup creating artificial intelligence products for the personal injury sector.
The largest domestic round he co-led was for a payments startup Phoenix$75 million Series C with Acre Capital AND Leap Global Partners.
Sequoia Capital and Alumni Ventures, 9 offers each
Unlike other firms on this list so far, none of them are available Redwood or Graduates last month it set the highest marks for investments this 12 months.
However, this does not mean that they didn’t participate in some significant rounds.
Graduates took part Impulse space$150 million Series B. The Redondo Beach, Calif.-based space startup is developing a line of orbital transportation vehicles – also called “space tugs” – that function a “last-mile” cargo delivery service once payloads reach orbit.
Sequoia helped a New York teletherapy startup Maven Clinic close the $125 million Series F, which values the startup at $1.7 billion. Maven partners with employers and health plans to offer clinical support for preconception, family building, pregnancy, parenting and menopause.
Also noteworthy:
- Box group took next place on the list with eight transactions.
- Lightspeed Venture Partners and General Catalyst led the most led or co-led deals in October, with six each.
- Develop capital led the list in the variety of rounds led or co-led with the highest dollar amounts, with two of them totaling greater than $6.6 billion — including OpenAI’s long-awaited $6.6 billion raise at a post-money valuation of $157 billion.
- Y Combinator was once again the best investment incubator and accelerator with 18 transactions in October.
Methodology
Here is a list of investors who participated in the largest variety of rounds involving US startups. It does not include incubators or accelerators as a consequence of the fluctuations their investment numbers may show.