Earlier, we detailed a list of the top 10 Seed VC investors based on their portfolio’s historical follow-on investment rate. But we also wanted to analyze which of the most active seed investors from the 2010 and 2011 vintages were most inclined to reinvest in companies they previously seeded. From an entrepreneur’s perspective, having an investor who is more inclined to participate in follow-on rounds of financing should be a plus since it probably means less time wasted pitching and educating new investors.
Also, if you believe that seed deals made by larger funds who don’t reinvest present a signaling risk, this list of prolific re-investors is also valuable. Note: The signaling risk argument is one that was popularized by folks like Chris Dixon (Andreessen Horowitz), Mark Suster (GRP Partners) and David Hornik (August Capital). Unfortunately, the argument about seed VC signaling risk is not supported by the data as we’ve previously shown.
Below is a list of the 30 most active Seed VC investors over the two-year time frame ranked based on number of Seed VC deals they participated in followed by a ranking of the Top 10 most frequent re-investors:
In terms of re-investment rates, the top 10 is led by two international firms, German early-stage firm High-Tech Gründerfonds and London-based venture capital firm Atomico, followed by Philadelphia-based First Round Capital and Chicago-based Lightbank.
The ranking of all 30 most active seed investors by re-investment rate can be found on the ‘Research’ tab here, after logging in to CB Insights. (Note: The list of investors is only available to paid subscribers with access to CB Insider.)
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity