Largest Venture Capital Firms by AUM: Top VC Firms (2024)

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 2024

*The Assets Under Management (AUM) were determined using data from the sole fund registered on the Investment Adviser Public Disclosure website. While this article showcases the largest VC firms given our research, it is important to note that it might have some limitations, as many American companies do not have records in the Adviser Public Disclosure and do not provide data on their side. Additionally, Asian VC companies are very restricted when it comes to data.

List of the Largest Venture Capital Firms by AUM

• AUM: $58.515 billion
• Total Fund Based: $36.1B across 9 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: $55.7 billion
• Total Fund Based: $35.1B 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: $53.2 billion
• Total Fund Based: $32.4B across 27 funds
• Main industries by number of investments: Software, Information Technology, FinTech
• Andreessen Horowitz’s most notable exits include Pinterest, Airbnb, and PagerDuty.

Andreessen Horowitz, renowned for backing groundbreaking tech ventures, founded by Marc Andreessen and Ben Horowitz, with headquarters in Menlo Parks in California, has a stellar track record of turning startups into industry leaders. With a strategic focus on disruptive technologies, Andreessen Horowitz stands as a driving force in shaping the future of tech.

• AUM: €44.1billion (~ $48.141 billion)
• Total Fund Based: $3B 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: $25.911 billion
• Total Fund Based: $26.1B across 14 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 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: $25 billion
• Total Fund Based: $18.9B 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: $21.729 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: $19.88 billion
• Total Fund Based: $20.1B across 12 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: $19.661 billion
• Total Fund Based: $14.3B across 13 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.

• AUM: $19.1  billion
• Total Fund Based: $18.3B across 33 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 such as 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: $18.277 billion
• Total Fund Based:$8.6B across 17 funds
• Main industries by number of investments: Biotechnology, Health Care, Pharmaceutical
• OrbiMed’s most notable exits include Health Catalyst, Augmedix, and Guardant Health.

Established in 1989, OrbiMed operates as a venture capital and private equity lending firm, with its headquarters nestled in the bustling city of New York, New York. Specialising in debt financing solutions, including bridge financing, loans, senior debt, and secured debt, OrbiMed caters to various financial needs, spanning buyouts, debt refinancing, early-stage and later-stage venture capital, and growth initiatives. Focused on diverse sectors such as pharmaceuticals, life sciences, digital health, healthcare services, medical devices, biopharmaceuticals, diagnostics, healthcare technology, and biotechnology, OrbiMed is a key player in driving innovation.

• AUM: $16.840  billion
• Total Fund Based: $13.7B across 16 funds
• Main industries by number of investments: Software, SaaS, Enterprise Software
• Battery Ventures’s most notable exits include Wayfair, Clearbit, and Groupon.

Established in 1983, Battery Ventures emerged as a prominent venture capital firm headquartered in Boston, Massachusetts. Specializing in investments, the firm focuses on technology and software companies, primarily emphasising  application software, infrastructure software, consumer, industrial technology, and life science tools sectors.

• AUM: $15.06 billion
• Total Fund Based: $25M in funding over 1 round
• Main industries by number of investments: Health Care, Biotechnology, Medical
• Deerfield’s most notable exits include Talkspace, Nuvalent, and Schrödinger.

Established in 1994, Deerfield Management Company is a healthcare-focused investment firm committed to advancing medical solutions through strategic investments, information, and philanthropy.  Deerfield manages a diversified portfolio of over 200 private and public investments across the life science, medical device, diagnostic, digital health, and health service sectors. Their holistic approach includes tailored financing options, demonstrating a commitment to meeting the unique needs of entrepreneurs and corporate partners.

• AUM: $9.65 billion
• Total Fund Based: $2B across 7 funds
• Main industries by number of investments: Biotechnology, Health Care, Therapeutics
• RA Capital Management’s most notable exits include Bristol Myers Squibb, Moderna, and Cybin.

RA Capital Management, a versatile investment manager, is committed to company formation and evidence-based investing in the vibrant realm of healthcare and life sciences. Specialising in medical devices, diagnostics, services, and research tools, RA Capital’s strategic approach spans all stages of development, from discovery to commercialisation.

• AUM: $9.5 billion
• Total Fund Based: $11.5B across 18 funds
• Main industries by number of investments: Biotechnology, Health Care, Biotechnology, Medical
• Qiming Venture Partners’s most notable exits include Meituan, Schrödinger, and Bilibili.

Established in 2006, Qiming Venture Partners stands out as a premier China venture capital firm, boasting offices in key global hubs, including Shanghai, Beijing, Suzhou, Hong Kong, Seattle, Boston, and the San Francisco Bay Area. From inception, our focus has been on strategic investments in exceptional companies within the Technology and Consumer (T&C) as well as Healthcare industries, spanning both early and growth stages.

• AUM: $6.528 billion
• Total Fund Based: $6.2B across 19 funds
• Main industries by number of investments: Software, Analytics, SaaS 
• Industry Ventures’s most notable exits include Planet, Turvo, and The RealReal.

Established in 2000, Industry Ventures stands as a leading venture capital firm in San Francisco, California. With a keen focus on strategic investments, the firm actively seeks opportunities within the software, business and commercial services, big data, and SaaS sectors, primarily in the United States.

What are Assets Under Management (AUM)?

Bottom Line

In summary, the top venture capital firms of 2024, 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.

FAQ

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.

FAQs