Venture capital (VC) represents a category of private equity and financing extended by investors to emerging startups and small businesses anticipated to exhibit sustained growth. Typically sourced from affluent investors, investment banks, and various financial institutions, venture capital transcends mere monetary contributions.
Certain key metrics, such as Assets Under Management (AUM), number of customers, customer ratings, number of regulators, and others, apply to almost any Venture Capital firm and can help you have a clearer picture of the security or reputation of the firm.
In this article, we will analyse the largest venture capital firms through their Assets Under Management (AUM), number of investments, and total fund base.
Largest Venture Capital Firms by AUM in 2025
| Venture Capital Firm | AUM | Date report |
| Andreessen Horowitz | $74.7 billion | August 8, 2025 |
| Tiger Global Management | $69.5 billion | March 31, 2025 |
| Sequoia Capital | $60.4 billion | March 31, 2025 |
| Legend Capital | €46.80 billion (~ $54.60 billion) | Dec. 2024 |
| New Enterprise Associates (NEA) | $27.8 billion | March 28, 2025 |
| Accel | $26.7 billion | June 16, 2025 |
| Dragoneer Investment Group | $25.6 billion | April 30, 2025 |
| Lightspeed Venture Partners | $25 billion | March 31, 2025 |
| TCV | $20 billion | March 28, 2025 |
| Bessemer Venture Partners | $18.8 billion | May 19, 2025 |
| Orbimed | $17.3 billion | July 23, 2025 |
| Deerfield | $16 billion | July 23, 2025 |
| Battery Ventures | $15.1 billion | March 28, 2025 |
| RA Capital Management | $12.5 billion | March 31, 2025 |
| Qiming Venture Partners | $9.5 billion | August, 2024 |
| Industry Ventures | $8.3 billion | May 27, 2025 |
The Assets Under Management (AUM) were determined using data from the sole fund registered on the Investment Adviser Public Disclosure website.
While this article highlights the most prominent VC firms based on our research, it is essential to note that it may have some limitations, as many American companies do not maintain records in the Adviser Public Disclosure and therefore do not provide data on their own.
Additionally, Asian VC companies are very restricted when it comes to data.
List of the Largest Venture Capital Firms by AUM (Top 10)
- AUM: $74.7 billion
- Across 30 funds
- Main industries by number of investments: Software, Information Technology, FinTech
- Andreessen Horowitz’s most notable exits include Pinterest, Airbnb, and PagerDuty.
Andreessen Horowitz, a renowned venture capital firm founded by Marc Andreessen and Ben Horowitz, with headquarters in Menlo Park, California, has a stellar track record of turning startups into industry leaders. With a strategic focus on disruptive technologies, Andreessen Horowitz is a driving force in shaping the future of technology.
- AUM: $69.5 billion
- Across 15 funds
- Main industries by number of investments: Software, FinTech, E-commerce
- Tiger Global Management’s most notable exits include SoftBank, Redfin, and Alibaba Group.
Tiger Global Management, a leading venture capital firm with headquarters in New York, stands out for its strategic investments in high-potential startups across the globe. Specialising in technology and e-commerce, the firm is a key player in the dynamic venture capital arena, driving innovation and catalysing the growth of promising enterprises on a global scale.
- AUM: $60.4 billion
- Across 34 funds
- Main industries by number of investments: Software, Information Technology, Internet
- Sequoia Capital’s most notable exits include Apple, PayPal, and Airbnb.
Sequoia Capital, a pioneering force in venture capital, is renowned for fueling the success of tech giants and standing at the forefront of innovation. Explore their portfolio of groundbreaking investments, from early-stage startups to industry disruptors. With a track record that speaks volumes, Sequoia Capital continues to shape the future of technology and investment.
- AUM: €46.8 billion (~ $54.60 billion)
- Across 9 funds
- Main industries by number of investments: Health Care, Medical, Biotechnology
- Legend Capital’s most notable exits include Lunit, Wish, and Bionano Genomics.
Founded in 2001, Legend Capital is a venture capital firm based in Beijing, China. Specialising in transformative technologies, Legend Capital has positioned itself as a key player in shaping the future of industries ranging from tech and healthcare to consumer services.
- AUM: $27.8 billion
- Across 16 funds
- Main industries by number of investments: Software, Health Care, Biotechnology
- New Enterprise Associates’s most notable exits include Snap, Duolingo, and Cloudflare.
NEA stands as a global venture capital firm specialising in technology and healthcare. From seeding innovations to fostering the growth of market leaders, NEA’s investments span the entire spectrum of company development. Operating globally with offices strategically located in Menlo Park, Washington DC, and New York, NEA actively pursues investment opportunities in emerging markets worldwide.
- AUM: $26.7 billion
- Across 38 funds
- Main industries by number of investments: Software, SaaS, Information Technology
- Accel’s most notable exits include Spotify, Atlassian, and PagerDuty.
Established in 1983, Accel is a Palo Alto-based venture capital firm that specialises in early-stage investments. With a strategic focus on diverse sectors, including software as a service (SaaS), information technology, and business products & services, Accel is a driving force in shaping the future of innovative industries. Beyond its headquarters in Palo Alto, California, Accel has expanded its footprint with offices in San Francisco, London, the United Kingdom, and Bangalore, India.
- AUM: $25.6 billion
- Main industries by number of investments: Software, FinTech, E-commerce
- Dragoneer Investment Group’s most notable exits include Rivian, Redfin, and Spotify.
Established in 2012, Dragoneer Investment Group is a growth-focused private equity firm headquartered in San Francisco, California. Specialising in managing hedge funds, the firm implements a strategic long/short equity investment approach to optimise returns and navigate the dynamic investment landscape.
- AUM: $25 billion
- Across 28 funds
- Main industries by number of investments: Software, Information Technology, Enterprise Software
- Lightspeed Venture Partners’ most notable exits include Snap, Aurora, and Blend.
Established in 2000, Lightspeed Venture Partners is a premier venture capital firm headquartered in Menlo Park, California, with a global presence through regional offices in Israel, India, China, Southeast Asia, and Europe. Specialising in investments across enterprise, health, fintech, and consumer sectors, Lightspeed is dedicated to identifying and nurturing transformative opportunities in the ever-evolving landscape of innovation and entrepreneurship.
- AUM: $20 billion
- Across 13 funds
- Main industries by number of investments: Software, Information Technology, Internet
- TCV’s most notable exits include Netflix, Spotify, and Airbnb.
TCV (Technology Crossover Ventures) is a prominent American investment firm headquartered in Menlo Park, California. Specialising in investments in both public and private growth-stage companies within the technology sector, TCV has positioned itself as a key player in shaping the trajectory of innovative businesses.
- AUM: $18.8 billion
- Across 14 funds
- Main industries by number of investments: Software, Information Technology, SaaS
- Bessemer Venture Partners’s most notable exits include Pinterest, PagerDuty, and Procore.
Bessemer Venture Partners (BVP) is a renowned venture capital and private equity firm based in San Francisco, with global offices in India, Israel, and the United Kingdom. Originally founded by Henry Phipps Jr., co-founder of Carnegie Steel, BVP evolved from managing family assets to independently operating in private technology and medical investments.
What are Assets Under Management (AUM)?
In general, AUM refers to the market value of assets managed by a company on behalf of its clients. This metric is used by different financial institutions such as mutual funds, hedge funds, venture capital firms and brokerage firms. It is a key performance indicator that measures a firm’s success in attracting customers and increasing its market share.
The definitions and calculations for AUM can vary by company. For example, funds deposited with the company but over which the company has no discretionary authority are typically excluded from the calculation. In this case, assets under administration are calculated, where the service provider does not have discretion over the asset allocation decisions, and the clients manage their funds directly.
Bottom Line
In summary, the top venture capital firms of 2025, led by Tiger Global Management, Sequoia Capital, and Andreessen Horowitz, showcase remarkable Assets Under Management (AUM) and strategic prowess. These firms span diverse industries, including software, FinTech, health care, and biotechnology, with notable exits such as SoftBank, Apple, and Pinterest.
As key players in global innovation, these venture capital giants continue to shape the landscape of emerging technologies and startups, driving the future of investment and entrepreneurship.
FAQs
What is venture capital?
Venture capital (VC) is a subset of private equity financing, providing crucial financial support to startup companies and small businesses recognised for their significant long-term growth potential. Typically secured from affluent investors, investment banks, and diverse financial institutions, VC transcends mere monetary contributions.
This funding proves indispensable for new ventures, often confronting challenges in accessing traditional financing channels like bank loans. Venture capitalists not only offer financial support but also play a pivotal role in business development, leveraging their industry expertise and expansive networks.
Especially critical in dynamic sectors such as technology and healthcare, VC funding acts as a catalyst for propelling growth and fostering innovation. This investment fuels the expansion of startups and holds paramount importance in steering global economic advancement and job creation.
