20 Top Series B Investors and Growth VC Funds in 2026

Research status: Primary-source review completed 2026-08-08. Investor strategies can change. Confirm fit directly before outreach.

Series B investors finance scaling, not basic product discovery. A high-quality target list should favor firms with current Series B or growth evidence, checks that fit the round, and operating capability in go-to-market, leadership, international expansion or capital efficiency.

Carta's July 2026 software benchmark reported a $25 million median Series B raise, a $191 million valuation and 12% dilution. Its broader Q1 2026 report said Series B primary pre-money valuations had increased 17.2% year over year, while also warning that AI concentration created a sharply divided market.

This is an editorial research list, not a performance ranking and not an endorsement. A famous firm with the wrong check, partner, mandate or round role is a weak target. A less visible specialist with exact fit can be much more valuable.

Finta research note: This page is part of an August 2026 program covering 615 investor-to-article matches, 425 distinct investors and 806 evidence URLs across 40 articles. We selected 20 Series B candidates with current venture or growth evidence and kept fund size separate from remaining dry powder, which is not publicly disclosed unless the manager says otherwise.

How we selected these investors

We required an official source that verifies the relevant stage, fund strategy, current investment activity or round-level lead evidence. Public check ranges appear only when the investor publishes them. Otherwise the table says "Not publicly disclosed." Representative companies are context, not proof that the investor will fund a similar startup. We also separated accelerators, specialist VCs, multistage funds, growth-equity firms and sovereign investors because their processes and capital are not interchangeable.

We do not equate a fund announcement, assets under management or a recent deal with dry powder. A fund size is the capital committed at closing, not the amount still available today. The capital signal column therefore distinguishes an explicit current-deployment statement, a recent fund announcement, recent official investment activity and a current mandate. Remaining dry powder is marked as not publicly disclosed unless the manager publishes it.

Investor comparison

Separate true Series B entrants from insider follow-ons

Many firms appear in Series B announcements because they already invested at seed or Series A. That does not prove the firm will lead a new Series B company. For every candidate, determine whether the strategy makes new Series B investments, only follows existing companies, or uses a separate growth vehicle with different partners and underwriting.

The distinction affects the process. A new Series B lead may run a full market, product, financial and organizational review. An insider already knows the company but may wait for an external price. A growth platform may have a larger check and a dedicated operating team, while the venture partnership that backed early rounds may no longer own the decision.

Series B investor-screening matrix

Evaluate the investor's scaling pattern

Name the operating problem the Series B should solve. It may be enterprise sales capacity, product expansion, international execution, manufacturing scale, clinical development, marketplace liquidity, regulatory infrastructure or finance leadership. Then look for partners who have worked through that problem in a comparable business model. A broad portfolio-services page is weaker evidence than specific people, programs and founder references.

Check how the investor behaves across market cycles. Ask founders whether the firm helped revise an operating plan, recruit a critical executive, support an extension round, manage a down quarter or evaluate an acquisition. Later-stage support can be valuable, but it should not be confused with a promise to fund every future round.

Capital signals need precise language. A 2026 fund close is stronger evidence of a current vehicle than a decade-old portfolio win, but it does not disclose how much remains. A dated 2025 investment confirms recent activity but not interest in this category today. Use the evidence to prioritize outreach, then confirm available check, ownership and timing with the partner.

Investor profiles and fit

1. Insight Partners

Insight is a high-fit Series B and later investor for software companies with real scaling needs and an appetite for an operating platform. Insight describes flexible capital across growth stages; official 2026 releases document multiple Series B leads. The published check information is Not publicly disclosed. Its verified stage is Series A through late stage, growth and buyout, and its stated or evidenced round role is: Frequently leads growth rounds; official 2026 announcements show Series B leads. Representative portfolio context includes Shopify; Wiz; monday.com. Current capital signal: Recent official investment activity verified. A current official investment, program or private-market activity signal was verified. The amount of remaining deployable capital was not published. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

2. IVP

IVP is purpose-built for companies with clear breakout momentum rather than early product discovery. IVP says it typically partners at Series B or C and supports breakout companies toward IPO or exit. The published check information is Not publicly disclosed. Its verified stage is Typically Series B or Series C, and its stated or evidenced round role is: Can lead or join breakout-company rounds; verify role per deal. Representative portfolio context includes Coinbase; Datadog; Slack. Current capital signal: Recent fund verified. IVP announced a $1.6B eighteenth fund in March 2024 to support breakout technology companies. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

3. Accel

Accel combines global reach with current evidence of leading across seed, Series A and Series B, so fit depends on partner, region and stage. Accel's official portfolio news includes current led Seed, Series A and Series B investments. The published check information is Not publicly disclosed. Its verified stage is Seed through growth, and its stated or evidenced round role is: Official investment announcements document seed, Series A and Series B leads. Representative portfolio context includes Facebook; Slack; CrowdStrike. Current capital signal: Recent official investment activity verified. A current official investment, program or private-market activity signal was verified. The amount of remaining deployable capital was not published. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

4. Bessemer Venture Partners

Bessemer is a strong fit for founders seeking a global multistage investor with deep sector roadmaps and follow-on capacity. Bessemer states that it partners from early days through every stage; its public investment memos and news show current leads. The published check information is Not publicly disclosed. Its verified stage is Pre-seed through growth, and its stated or evidenced round role is: Regular lead investor; verify the partner and stage in the specific roadmap. Representative portfolio context includes Shopify; Twilio; Toast. Current capital signal: Current mandate verified. The current official strategy page was reviewed on 2026-08-08. No figure for remaining deployable capital was published. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

5. Lightspeed Venture Partners

Lightspeed belongs on Series A through late-stage shortlists because its public mandate spans the full venture lifecycle and multiple regions. Lightspeed describes itself as a multistage firm investing from Seed to Series F and beyond. The published check information is Not publicly disclosed. Its verified stage is Seed through Series F and beyond, and its stated or evidenced round role is: Lead behavior varies by partner and round. Representative portfolio context includes Snap; Affirm; Rubrik. Current capital signal: Current mandate verified. The current official strategy page was reviewed on 2026-08-08. No figure for remaining deployable capital was published. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

6. NEA

NEA offers true lifecycle capital, but founders should target the early-stage or growth team rather than treating it as one undifferentiated fund. NEA's site maps its approach from idea through IPO; its growth strategy publicly states a $50M to $300M+ range. The published check information is $50M to $300M+ for its growth practice; early-stage checks not publicly standardized. Its verified stage is Idea through IPO, and its stated or evidenced round role is: Can lead across venture and growth; role varies by strategy. Representative portfolio context includes Salesforce; Robinhood; Databricks. Current capital signal: Current mandate verified. The current official strategy page was reviewed on 2026-08-08. No figure for remaining deployable capital was published. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

7. Menlo Ventures

Menlo's separate 2026 venture and growth funds make it easy to distinguish early company-building fit from post-product-market-fit growth capital. Menlo Ventures XVII invests at Seed and Series A; Menlo Inflection IV invests at Series B and beyond. The published check information is Not publicly disclosed. Its verified stage is Seed through Series A; Series B and beyond through Inflection, and its stated or evidenced round role is: Can lead venture and growth rounds; official examples show repeat leads and co-leads. Representative portfolio context includes Uber; Roku; Anthropic. Current capital signal: Recent fresh capital verified. Menlo announced $3B in new capital in 2026 across a Seed-to-Series-A venture fund and a Series-B-and-beyond growth fund. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

8. General Catalyst

General Catalyst is relevant across the lifecycle, but founders should qualify the specific strategy, sector team and geographic mandate. Fund XII includes core VC capital focused on seed and growth equity; official posts show current Series B leads. The published check information is Not publicly disclosed. Its verified stage is Seed through growth, and its stated or evidenced round role is: Official announcements show lead and co-lead activity across venture stages. Representative portfolio context includes Stripe; Airbnb; Anduril. Current capital signal: Recent fresh capital verified. General Catalyst announced about $8B in new capital in October 2024, including about $4.5B for core VC funds focused on seed and growth equity. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

9. Redpoint Ventures

Redpoint can bridge early and growth investing, particularly for software companies, with deal-specific evidence required for lead behavior. Redpoint states that it invests across seed, early and growth phases; company stories document led rounds. The published check information is Not publicly disclosed. Its verified stage is Seed, early and growth, and its stated or evidenced round role is: Official company pages and investment posts show seed and Series B leads. Representative portfolio context includes Stripe; Twilio; Snowflake. Current capital signal: Current mandate verified. The current official strategy page was reviewed on 2026-08-08. No figure for remaining deployable capital was published. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

10. Scale Venture Partners

Scale is one of the most transparent A and B investors on this list, with public check guidance and a disclosed lead rate. Scale says it invests at Series A and B, writes $5M to $50M initial checks and leads 80% of those investments. The published check information is $5M to $50M initial checks. Its verified stage is Series A and Series B, and its stated or evidenced round role is: Leads 80% of its Series A and Series B investments. Representative portfolio context includes HubSpot; Box; DocuSign. Current capital signal: Current deployment from Fund VIII explicitly stated. Scale says it is currently investing from its $900M Fund VIII, raised in 2022. Remaining deployable capital is not disclosed. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

11. Sapphire Ventures

Sapphire is a precise Series B and later fit for enterprise software companies that have achieved product-market fit. Sapphire describes a high-conviction focus on post-product-market-fit enterprise AI companies; its strategy has historically spanned Series B to IPO. The published check information is Not publicly disclosed. Its verified stage is Series B through IPO, and its stated or evidenced round role is: High-conviction investor; lead role varies by deal. Representative portfolio context includes LinkedIn; DocuSign; monday.com. Current capital signal: Recent official investment activity verified. A current official investment, program or private-market activity signal was verified. The amount of remaining deployable capital was not published. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

12. Battery Ventures

Battery offers lifecycle technology expertise, but founders should distinguish its venture and growth teams from its buyout strategy. Battery Ventures XV continues a stage-diversified strategy from seed and early through growth and buyout. The published check information is Not publicly disclosed. Its verified stage is Seed, early, growth and buyout, and its stated or evidenced round role is: Official posts document Seed and Series A leads; role varies by strategy. Representative portfolio context includes Databricks; Braze; Affirm. Current capital signal: Recent fund and deployment verified. Battery announced $3.25B in fresh capital for Fund XV in February 2026 and said it was ready to deploy the fund globally. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

13. Index Ventures

Index is a strong transatlantic option for companies that need a U.S. and European network and a partner capable of supporting later rounds. Index publicly states a Seed-to-IPO mandate and its official company announcements provide round-level evidence. The published check information is Not publicly disclosed. Its verified stage is Seed to IPO, and its stated or evidenced round role is: Lead behavior varies; official investment announcements document Series A leads. Representative portfolio context includes Figma; Revolut; Roblox. Current capital signal: $2.3B venture and growth fund close verified. Index announced $2.3B in July 2024 across an $800M venture fund and $1.5B growth fund. Remaining deployable capital is not disclosed. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

14. Andreessen Horowitz

a16z has a broad platform and dedicated specialist teams, so founders should target the precise practice rather than the brand generally. a16z states that it invests from seed through venture and growth across named technology sectors. The published check information is Not publicly disclosed. Its verified stage is Seed through growth, and its stated or evidenced round role is: Can lead across stages; verify the relevant specialist fund and partner. Representative portfolio context includes Airbnb; Coinbase; Databricks. Current capital signal: More than $15B in new 2026 strategy funds verified. a16z announced more than $15B in new funds in January 2026, including $6.75B for Growth and multiple $700M to $1.7B sector funds. Remaining deployable capital is not disclosed. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

15. Khosla Ventures

Khosla is a strong fit for technically risky, non-consensus companies that can become very large, especially before a market has formed. Khosla publishes separate Seed, Main and Opportunity strategies; current team pages show Seed-to-Series-B focus. The published check information is Not publicly disclosed. Its verified stage is Seed through Series B, with selective opportunity investments, and its stated or evidenced round role is: Can lead early rounds; verify stage and partner. Representative portfolio context includes OpenAI; DoorDash; Impossible Foods. Current capital signal: Current mandate verified. The current official strategy page was reviewed on 2026-08-08. No figure for remaining deployable capital was published. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

16. Felicis

Felicis is highly relevant at Seed and Series A, especially in its published focus areas, with current public evidence of lead behavior. Felicis states that 94% of its investments are Seed or Series A and provides examples of led rounds. The published check information is Not publicly disclosed. Its verified stage is Seed and Series A, with selective later participation, and its stated or evidenced round role is: Officially leads Seed and Series A rounds; 94% of investments are Seed or Series A. Representative portfolio context includes Canva; Notion; Shopify. Current capital signal: Fresh 2025 Fund X and active early-stage mandate verified. Felicis announced a $900M Fund X in June 2025 for early-stage AI, security, infrastructure, resilience, health, and biotech investing. Remaining deployable capital is not disclosed. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

17. Sequoia Capital

Sequoia remains a lifecycle candidate, but founders should match the correct seed, early or growth partner and verify portfolio conflicts. Sequoia states an idea-to-IPO mandate; its company database identifies the stage at first partnership. The published check information is Not publicly disclosed. Its verified stage is Pre-seed through growth and IPO, and its stated or evidenced round role is: Can lead from seed onward; exact role varies by team and company. Representative portfolio context includes Apple; Airbnb; Stripe. Current capital signal: Current mandate verified. The current official strategy page was reviewed on 2026-08-08. No figure for remaining deployable capital was published. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

18. CapitalG

CapitalG is a fit after product-market fit, when a company can use Google and Alphabet operating expertise to scale functions and markets. CapitalG says it invests in companies with established product-market fit that are ready to scale and supports follow-on rounds through IPO. The published check information is Not publicly disclosed. Its verified stage is Growth stage, and its stated or evidenced round role is: Growth investor; lead role and round naming vary by transaction. Representative portfolio context includes Stripe; CrowdStrike; Duolingo. Current capital signal: Recent official investment activity verified. A current official investment, program or private-market activity signal was verified. The amount of remaining deployable capital was not published. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

19. TCV

TCV's broad public investment range makes it relevant from larger Series B and C rounds through pre-IPO financings. TCV describes itself as a global growth equity investor and publishes a $10M to $500M equity investment range. The published check information is $10M to $500M equity investments. Its verified stage is Expansion and growth stage, and its stated or evidenced round role is: Can lead or participate in minority growth transactions; structure is deal-specific. Representative portfolio context includes Airbnb; Netflix; Spotify. Current capital signal: Current mandate verified. The current official strategy page was reviewed on 2026-08-08. No figure for remaining deployable capital was published. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

20. SignalFire

SignalFire is useful for applied-AI founders who value recruiting and market intelligence tools alongside capital. SignalFire's current fund announcement and site state an earliest-stage applied-AI focus; official posts show seed leads. The published check information is Not publicly disclosed. Its verified stage is Pre-seed through Series B, and its stated or evidenced round role is: Official posts document led seed rounds. Representative portfolio context includes Alchemy; Grow Therapy; Flock Freight. Current capital signal: Recent fresh capital verified. SignalFire announced more than $1B in fresh capital in April 2025 for applied AI companies from pre-seed through Series B. Remaining dry powder is Not publicly disclosed. Review the official strategy source and capital signal source before outreach because individual partners, funds and conflicts can narrow the actual opportunity.

How founders should build the shortlist

Start with the round you are actually running. Write down the total capital needed, investor allocation, minimum viable close, target ownership range, timing and the milestone the money must fund. Then classify each investor as a potential lead, co-lead, anchor, strategic participant or small follower. Do not count an investor as a lead merely because it has joined rounds at that stage.

Filter at the partner level. The firm may cover your stage while the relevant partner does not, or the right partner may be blocked by a competitive portfolio company. Look for recent investments, board work, domain writing and company-building experience. Confirm the current fund, geography and check directly. If a source does not disclose a check, do not reverse-engineer one from the total round size.

Score access separately from fit. A warm path can improve response probability, but it does not make a mismatched investor suitable. Build a first wave of high-fit investors that includes several credible leads and a second wave of qualified participants. Sequence conversations closely enough to create comparable information and real decision momentum.

Qualification questions

• Does the investor enter at Series B, or is it only following a prior portfolio company?
• Can the investor write the primary check you need without forcing an oversized round?
• Which scaling problem can the firm actually help solve: enterprise sales, consumer growth, hiring, international expansion, M&A or capital markets?
• Does the investor understand your efficiency profile and capital needs rather than applying generic SaaS metrics?
• How will a new board member change governance, reporting and decision cadence?

Where a Series B shortlist commonly fails

Series B targeting fails when a company confuses a prior investor's follow-on behavior with a new firm's entry strategy, or treats a broad growth mandate as proof that the investor will lead this round. Remove candidates whose minimum check, ownership goal or diligence model conflicts with the financing. Retain investors that can explain how they evaluate the company's forecast, efficiency and scaling risk.

Frequently asked questions

What do Series B investors look for?

They usually look for demonstrated product-market fit, durable retention, credible unit economics, a large market and evidence that new capital can scale a working system. The precise metrics vary substantially by business model.

How much do companies raise at Series B?

Carta's July 2026 software sample reported a $25 million median. Use it as a reference point, not a quota. Hardware, biotech, climate, consumer and foundational-model companies can have very different capital requirements.

How much dilution is typical at Series B?

Carta reported 12% median dilution in its July 2026 software sample and 14% in a December 2025 software analysis. Different periods and samples produce different answers, which is why the source and date should appear beside the number.

Should a Series B include secondary shares?

It can, but primary growth capital and secondary liquidity solve different problems. Keep the amounts, buyers, pricing and governance implications explicit, and get legal, tax and financial advice before structuring either.

Build the investor pipeline in Finta

A static list is a research starting point. Finta helps founders turn it into a working pipeline by matching investors to the company, prioritizing likely fits, mapping warm paths and tracking outreach and diligence in one place.

Related fundraising resources

Prepare the process with the Series B fundraising guide, compare the Series A investor list, and plan the later-stage transition with the Series C fundraising guide and late-stage investor list.

About the research and review

The Finta Editorial Team reviewed official stage, check, lead, operating-platform, fund and activity evidence on August 8, 2026. Kevin Siskar, CEO of Finta and an early-stage investor and founder-education operator, reviewed the article for practical fundraising relevance. Inclusion is editorial, not paid. A recent vehicle or transaction shows activity but does not establish the amount a firm can deploy into this company.

Sources

• Carta, 2026 software fundraising benchmarks
• Carta, State of Private Markets Q1 2026
• Insight Partners
• IVP
• Accel
• Bessemer Venture Partners
• Lightspeed Venture Partners
• NEA
• Menlo Ventures
• General Catalyst
• Redpoint Ventures
• Scale Venture Partners
• Sapphire Ventures
• Battery Ventures
• Index Ventures
• Andreessen Horowitz
• Khosla Ventures
• Felicis
• Sequoia Capital
• CapitalG
• TCV
• SignalFire
• IVP capital signal
• Index Ventures capital signal
• Andreessen Horowitz capital signal
• Felicis capital signal

Editorial note: This article provides general information, not legal, tax, financial or investment advice. Fund strategies, personnel, check sizes and availability change. Verify all terms with the investor and qualified advisers.