The Ultimate List of 750+ Seed Funds
Most start-up founders have heard of Andreessen Horowitz, Sequoia, and NEA. The big brands in early-stage venture dominate the news cycle by generating huge returns and launching impressive IPOs.
Unfortunately for many budding entrepreneurs — the big name funds are also highly selective. And at the seed stage, even with tangible proof of customer traction and product-market fit, investment from firms like Sequoia and NEA is often out of reach without deep Silicon Valley personal connections.
If raising a seed round from the likes of Andreessen Horowitz and Kleiner Perkins sounds daunting…don’t despair! There is a massive ecosystem of smaller seed funds that you have probably never even heard of.
Click for the “Ultimate List of 750+ Seed Funds” (Downloadable Google Sheet) (1)
I’m hoping this list of 750+ seed funds, when shared broadly, will benefit:
- Start-up founders (and aspiring entrepreneurs)
- Later-stage VC investors sourcing deal flow: Series A through growth / expansion
- Start-up ecosystem service providers
In aggregate, the 750+ seed funds on the list represent ~$37 Billion in total funds raised and ~39,000 investments (across all vintages). Those two figures imply that the average deal size is ~$950,000. Note that the average deal size includes some conflating data due to the fact that many seed funders also invest in angel rounds (smaller deal sizes) and Series A-C (larger deal sizes).
It will come as no surprise to many that the top five states by number of funds on the list are California (363 funds), New York (111), Massachusetts (52), Illinois (31), and Texas (24).
If you are a seed investor…
If you are a seed investor who would like to be added to the list, removed from the list, or would like to correct any information in the list — please reach out to my team at originations[at]bluevine.com.
Similarly, if you would like to partner with BlueVine to offer non-dilutive working capital financing to your portfolio or customer ecosystem, please contact us via the email address above with a brief description of the partnership opportunity.
About the author
Matt Estes is the Head of Originations at BlueVine, where his team helps 600+ new businesses find financing each month. Prior to BlueVine, Matt was an investor at TCV (a $12 billion tech growth equity firm) and an M&A professional at Electronic Arts.
Since 2013, Matt has provided more than $500 million in equity and debt financing to small businesses, the lower middle market, and technology start-ups.
BlueVine is a leading provider of working capital for small and medium-sized businesses. The Company has raised over $500 million in equity and debt funding and has funded over $1 billion to businesses nationwide.
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Disclaimer
The information and insights in this blog post are provided for educational purposes only, and do not constitute financial advice from BlueVine. Please consult your financial advisor before making any business financing decision. For information about BlueVine products and services, please visit the BlueVine FAQ page.
Disclosures
BlueVine’s Flex Line of Credit is issued by Celtic Bank, a Utah-chartered Industrial Bank, Member FDIC.
Source
(1) All data contained in this list has been pulled from and is attributed to Crunchbase, LinkedIn, and the company’s website. We make no express or implied warranty regarding the accuracy, reliability, or usefulness of any data contained herein, nor do we endorse any third parties.
