Skip to the main content.

5 min read

Most Active Investors 2023

Most Active Investors 2023

As the world of startups continues to thrive and grow, it's important for founders to stay up-to-date on the latest trends and developments in the investment landscape. In 2023, there are a number of investors who are actively shaping the future of the industry, bringing innovative ideas and strategies to the table.

Whether you're a seasoned entrepreneur or just starting out, it's crucial to know who these top players are and how they can help take your business to the next level. In this post, we'll explore the most active investors of 2023 and what makes them stand out in the world of venture capital (for 2022 investments details click here).


5 Biggest VC Checks In May 2023

May 2023 continued the trend of venture capital investments in various sectors, with significant emphasis on biotechnology, energy, AI, and financial services.

  1. The largest investment for the month went to ReNAgade Therapeutics in the biotechnology industry, with a massive $300M, led by F2 Ventures and MPM Capital. This was followed by CoreWeave in the cloud computing sector, who received $200M from Magnetar Capital.

  2. The energy sector witnessed notable investments with Proxima Fusion receiving $7.5M from UVC Partners and Plural Platform. Another significant investment in this industry went to Qingdian Photovoltaic Technology that received $216M, led by Beijing Jingneng Power and Hefei Industry Investment Group.

  3. In the AI sector, Hippocratic AI grabbed a considerable funding of $50M with A16Z and General Catalyst leading the investment. Furthermore, Deloitte Ventures invested $109M in the AI industry. In addition, the AI sector saw investments in Locofy and Vectara, receiving $4.2M and $28.5M respectively.

  4. The financial services sector also had notable investments with OH Credit receiving $45M led by DMS Bank, and Bolttech getting $196M from Tokio Marine.

  5. Biotechnology witnessed investments in Ray Therapeutics with $100M funding led by Novo Holdings, and Convergent Therapeutics received $90M from OrbiMed and RA Capital Management.

  6. Other significant investments included Story Protocol in the Web3 space, securing $29.3M from a16z crypto, and Coherent Biopharma in the BioPharma industry, receiving $100M from Shengdi Investment.

Overall, the investment trend in May 2023 continues to show a diversified interest of venture capitalists across several innovative sectors. Biotechnology, AI, and energy industries are particularly attracting large funds, suggesting potential breakthroughs and growth in these areas.

Rank Pre Seed Seed Series A Series B

Lead Investors: Cherubic Ventures 

Company name: Pertanna
Amount: $12M
Industry: Real Estate

Lead Investors: A16Z , General Catalyst

Company name: Hippocratic AI
Amount: $50M
Industry: AI

Lead Investors: F2 Ventures , MPM Capital

Company name: ReNAgade Therapeutics
Amount: $300M
Industry: Biotechnology

Lead Investors: Magnetar Capital 

Company name: CoreWeave
Amount: $200M
Industry: Cloud Comupting


Lead Investors: UVC Partners, Plural Platform

Company name: Proxima Fusion
Amount: $7.5M
Industry: Energy

Lead Investors: DMS Bank 

Company name: OH Credit
Amount: $45M
Industry: Financial Services

Lead Investors: Beijing Jingneng Power , Hefei Industry Investment Group

Company name: Qingdian Photovoltaic Technology
Amount: $216M
Industry: Energy

Lead Investors: Tokio Marine 

Company name: Bolttech
Amount: $196M
Industry: Financial Services


Lead Investors: Google Ventures 

Company name: CUR8
Amount: $6.5M
Industry: Biomass Energy

Lead Investors: Papara 

Company name: Techsign
Amount: $30M
Industry: Biometrics

Lead Investors: China Development Bank Capital , Kunpeng Capital

Company name: China Reserve National Energy
Amount: $141M
Industry: Energy

Lead Investors: Certn 

Company name: Deloitte Ventures
Amount: $109M
Industry: AI


Lead Investors: Resonance 

Company name: ZELIQ
Amount: $5.4M
Industry: Sales Automation

Lead Investors: a16z crypto 

Company name: Story Protocol
Amount: $29.3M
Industry: Web3

Lead Investors: Novo Holdings 

Company name: Ray Therapeutics
Amount: $100M
Industry: Biotechnology

Lead Investors: Shengdi Investment 

Company name: Coherent Biopharma 
Amount: $100M
Industry: BioPharma


Lead Investors: Cherubic Ventures 

Company name: Locofy
Amount: $4.2M
Industry: AI

Lead Investors: Race Capital 

Company name: Vectara
Amount: $28.5M
Industry: AI

Lead Investors: OrbiMed , RA Capital Management

Company name: Convergent Therapeutics
Amount: $90M
Industry: Healthcare

Lead Investors: GoldStone Investment 

Company name: Singularity Energy Technology
Amount: $99.6M
Industry: Clean Energy


Most Active Investors 2023 By Number Of Investments (YTD)

In the first five months of 2023, Y Combinator has maintained its position as the most active investor, making a whopping 254 investments in pre-seed startups, totaling $131M. TechStars and Antler followed, investing significantly at this stage, with Antler notably increasing its activity in May.

TechStars has taken the lead in the Seed stage with 105 investments, totaling $11.3M, showing a slight increase from the previous four months. San Diego Angel Conference and Inflection Point Ventures are also noteworthy at this stage.

In the Series A stage, Andreessen Horowitz continues to be an active player with 7 investments, totaling $258.5M. However, General Catalyst has emerged as a significant player in this stage with 5 investments totaling $87.5M. Addor Capital also demonstrated increased activity with a total of 5 investments.

Series B has seen Andreessen Horowitz maintaining its leadership with investments amounting to $237.4M. Bpifrance remains significant with 3 investments totaling $132.3M. Battery Ventures has made its mark in this stage with investments totaling $106.5M.

Overall, the early-stage investment trend continued, with investors showing slightly increased activity in May 2023. Investors continue to bet big on early-stage startups, with some shifts in the investment focus across the stages.

Rank Pre Seed Seed Series A Series B

Investor: Y Combinator

Amount: $131M
# of Investments: 254


Investor: TechStars

Amount: $5.9M
# of Investments: 16


Investor: Andreessen Horowitz

Amount: $258.5M
# of Investments: 7


Investor: Andreessen Horowitz

Amount: $237.4M
# of Investments: 3


Investor: TechStars

Amount: $11.3M
# of Investments: 105


Investor: San Diego Angel Conference

Amount: $2.3M
# of Investments: 13


Investor: General Catalyst

Amount: $87.5M
# of Investments: 5


Investor: Bpifrance

Amount: $132.3M
# of Investments: 3


Investor: Antler

Amount: $4.7M
# of Investments: 37


Investor: Inflection Point Ventures

Amount: $6.5M
# of Investments: 12


Investor: Addor Capital

Amount: $14.4M
# of Investments: 5


Investor: Battery Ventures

Amount: $106.5M
# of Investments: 3


Investor: 100X.VC

Amount: $3.4M
# of Investments: 21


Investor: Y Combinator

Amount: $10.2M
# of Investments: 11


Investor: Lowercarbon Capital

Amount: $107M
# of Investments: 4



Investor: Octopus Ventures

Amount: $70.1M
# of Investments: 3


Investor: Startupbootcamp Renewable Energy & Net Zero

Amount: $162K
# of Investments: 10


Investor: Andreessen Horowitz

Amount: $55.1M
# of Investments: 10


Investor: Sequoia Capital

Amount: $67.8M
# of Investments: 4


Investor: GF Xinde Investment Management

Amount: $14.8M
# of Investments: 3


Unlocking Investor Interest: Key Considerations Before Pitching Your Business

Startup founders should pay close attention to the interests of venture capital funds and angel investors before sending a request for funding. It can be difficult for startup founders to know where their best chance at obtaining investment dollars lie, so researching potential investors is essential.

Knowing which firms specialize in the type of startup being sought after, understanding the requirements those investors have for startup founders, and having a pitch prepared with clear definitions of what the startup founder is asking for are just some of the main things that startup founders need to pay attention to when approaching VC funds and angel investors. With diligence, successful startup founders can determine which investor is right for them and craft an effective pitch and proposal that will meet their needs.

Need help finding and pitching the right investors? Contact us here and let's find out how we can help you



Most Active Investors in 2022

24 min read

Most Active Investors in 2022

There's no doubt that active investors are a driving force in the economy. They help to spur innovation and growth, by investing in new businesses...

Read More
137 Top Investor Questions Founders Should Consider In 2023

8 min read

137 Top Investor Questions Founders Should Consider In 2023

Founders should prepare to pitch a business idea and be ready to answer relevant investor questions.

Read More
57 Best Startup Accelerators For Founders [18 Prime Locations]

41 min read

57 Best Startup Accelerators For Founders [18 Prime Locations]

If you are unfamiliar with the concept, a startup accelerator is just a group of experienced entrepreneurs that provide new businesses with funds,...

Read More