- Finance & Banking
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The largest venture capital firm in the U.S. is Andreessen Horowitz, with an AUM of $35.9 billion.
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As of 2026, the U.S. venture capital industry has a market size of $63 billion.
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There are roughly 1,000 active venture capital firms in the U.S.
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The global venture capital industry is projected to grow at a CAGR of 20.1% through 2027.
Have you ever wondered how innovative startups secure funding for their groundbreaking ideas? The answer often lies with the prominent venture capital firms operating in the United States. These firms strategically select startups to invest in, aiming to generate substantial returns on their investments.
Think of it as a loan process where funding is granted based on the belief in a startup’s potential to turn the investment into profit.
So, who are the leading venture capital firms in the U.S. today? Below is a list of the eight most successful venture capital firms, ranked by their Assets Under Management (AUM) as of 2022.
8 Largest Venture Capital Firms in the United States
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Andreessen Horowitz
Assets Under Management: $35.9 billion
Headquarters: Menlo Park, California
Founded in 2009 by Marc Andreessen and Ben Horowitz, Andreessen Horowitz focuses on investing in startups and growth companies. The firm has established a strong presence in sectors such as artificial intelligence (AI), software security, healthcare, cryptocurrency, and gaming.
With an AUM of $35.9 billion, Andreessen Horowitz has become a leading player in venture capital, funding thousands of startups, including notable names like Twitter, GitHub, and Smartcar.
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Assets Under Management: $28.3 billion
Headquarters: Menlo Park, CaliforniaEstablished in 1972, Sequoia Capital has expanded globally, with offices in the U.S., India, Southeast Asia, Israel, China, and the UK. The firm supports companies in both early and late growth stages across various sectors, including energy, finance, healthcare, and technology.
With an impressive AUM of $28.3 billion and an investment-to-exit ratio of 20.71%, which increases to 63% when acting as a lead investor, Sequoia’s portfolio includes successful companies like NVIDIA, Instagram, Google, PayPal, and YouTube.
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Dragoneer Investment Group
Assets Under Management: $24.9 billion
Headquarters: San Francisco, CaliforniaFounded in 2012 by Marc Stad, Dragoneer Investment Group specializes in technology investments and has made notable contributions to companies like Airbnb, Spotify, Etsy, and Instacart. The firm employs a long-only strategy and raises funds through secondary stock sales and convertible debt notes, showcasing its rapid growth in the venture capital landscape.
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New Enterprise Associates (NEA)
Assets Under Management: $17.8 billion
Headquarters: Chevy Chase, MarylandWith over 40 years of experience, NEA is a significant player in venture capital, having once been the largest firm globally. Its investments span multiple sectors, including consumer, enterprise, and healthcare, with a presence in the U.S., Israel, and India.
NEA boasts an investment-to-exit ratio of 20.96%, which rises to 57.41% when acting as the lead investor. Notable investments include 23andMe, Uber, Duolingo, and Buzzfeed.
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Deerfield Management
Assets Under Management: $16.2 billion
Headquarters: New York, New YorkFounded in 1994 by Arnold Snider, Deerfield Management specializes in healthcare and biotech investments. Its focus on the healthcare sector distinguishes it from many competitors, with notable investments in companies like Novartis, Epic Sciences, Tesaro, and Adeptus Health.
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Greenspring Associates
Assets Under Management: $17.0 billion
Headquarters: Owings Mills, MarylandFounded in 2000, Greenspring Associates has expanded its reach globally, utilizing a unique “flywheel” approach that blends funds with direct and secondary investments. The firm has invested in a wide range of industries, with notable companies including GrubHub, Chewy.com, and Workfront.
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Khosla Ventures
Assets Under Management: $14.0 billion
Headquarters: Menlo Park, CaliforniaFounded in 2004, Khosla Ventures is one of the youngest firms on this list but has quickly established a strong portfolio with investments in over 707 businesses. Its focus primarily spans the U.S. and China, with notable investments in DoorDash, Academia.edu, and Square.
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Assets Under Management: $7.7 billion
Headquarters: Menlo Park, CaliforniaFounded in 2000, Lightspeed Venture Partners has evolved from a focus on enterprise software to include sectors like cryptocurrency and semiconductors. The firm has invested in well-known companies such as Zola, Cameo, Snapchat, and Flixster.
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FAQ
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What is venture capital?
Venture capital is a type of private equity that primarily invests in startups. These firms focus on businesses with high growth potential, requiring a keen ability to forecast market trends and the patience to wait for returns.
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How do venture capital firms differ from banks?
Venture capital firms obtain funds from investors to provide capital for startups, allowing them to take on investments that are often considered too risky by traditional banks. This approach necessitates careful consideration of investor expectations and financial goals.
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Are venture capital firms profitable?
Yes, venture capital firms can be highly profitable. Many of the leading firms in the U.S. are valued in the billions and invest in numerous businesses annually. Success in this field combines skill and insight to identify emerging trends in high-potential industries.
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What is the largest venture capital firm in the United States?
As of 2026, the largest venture capital firm in the United States is Andreessen Horowitz, with an AUM of $35.9 billion, followed by Sequoia Capital at $28.3 billion.
- Finance & Banking
Author
Jack Flynn is a writer for Zippia. In his professional career he’s written over 100 research papers, articles and blog posts. Some of his most popular published works include his writing about economic terms and research into job classifications. Jack received his BS from Hampshire College.
