Top 7 Venture Capital Firms Investing in Generative AI Startups

For founders in the Generative AI space, preparing to raise capital means knowing who is writing the checks. Understanding which investors are actively funding artificial intelligence startups is a critical first step.

To help you focus your efforts, our team at Rho curated this guide to the top venture capital firms in the AI sector. Use it to quickly identify the investors most relevant to your business.

Just raised, or about to? Set up your financial stack with Rho in minutes. We provide business banking, corporate cards, and bill pay—built for startup teams moving fast.

Which VC Firms in Generative AI Are Right for Your Stage?

Whether your company is in its early stages or preparing for an exit, knowing the right people to talk to is essential. Here's a quick look at which VC firms in Generative AI invest at each stage.

Pre-seed and Seed VC Firms in Generative AI

Pre-seed and seed funding is the initial capital you'll raise to validate your idea and build a minimum viable product. Among the seed stage venture capital firms focused on AI, you might connect with investors like Amino Capital or Dreamit.

Early Stage VC Firms in Generative AI

Early-stage funding, typically Series A and B, is for startups with proven traction that need capital to scale their team and accelerate growth. Technology-focused venture capital firms like Illuminate Ventures and Angel Collective often support companies at this point in their journey.

Late Stage VC Firms in Generative AI

Late-stage rounds are designed for established companies with strong revenue streams that are preparing for a major liquidity event, such as an IPO or acquisition. For founders at this stage, firms like Propel and Ventioneers are notable for their investments in mature, high-growth businesses.

It's also worth noting that many venture capital firms invest across multiple stages, from seed to exit.

Here is a more detailed summary of the top VC firms investing in Generative AI. We've outlined their investment stages, geographic focus, and the unique qualities that make them a good fit for founders.

1. Maverick Ventures

Maverick Ventures is the venture capital arm of Maverick Capital, focusing on technology and healthcare businesses. They invest in companies from their earliest stages, including those working in Generative AI.

The firm invests across seed, early, and late stages, signaling a capacity to support companies throughout their growth cycle. Their portfolio includes high-profile successes like Coupang and One Medical, which was acquired by Amazon, demonstrating a strong track record of guiding companies to major exits.

This firm could be a good match if you are a founder in tech or healthcare with ambitions for significant scale. Their history suggests they are a valuable partner for companies on a path toward an IPO or a major acquisition.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Generative AI, Health Care, Cyber Security
• Geographical presence: San Francisco, California
• Founded: 2015
• Notable portfolio companies: Coupang, One Medical, Hims & Hers Health
• Portfolio size: 199 investments

You can refer to their website here.

2. Amino Capital

Based in Palo Alto, Amino Capital is a venture capital firm and accelerator that invests in early-stage, data-driven companies. The firm has been recognized by Forbes as a top seed investor and AI trendsetter, signaling its influence in the technology sector.

Amino Capital focuses on industries like AI, enterprise software, and SaaS, and its portfolio includes several high-growth companies such as Chime, Webflow, and Rippling. Their dual role as an investor and accelerator suggests a hands-on approach to supporting founders.

This firm could be a good match if you are a founder of an early-stage AI or software company. Their history of backing businesses that achieve unicorn status points to their ability to help startups scale successfully.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Artificial Intelligence (AI), Enterprise Software, Generative AI, Machine Learning, SaaS
• Geographical presence: Palo Alto, California
• Founded: 2012
• Notable portfolio companies: Chime, Webflow, Rippling, GRAIL, Replit
• Portfolio size: 164 investments

You can refer to their website here.

3. Illuminate Ventures

Illuminate Ventures invests in B2B and enterprise software companies that are in the later seed stage. The firm prioritizes businesses that can deliver a quick and measurable return on investment for their customers.

A key part of their strategy is backing companies with a clear path to a major exit. Their portfolio includes notable successes like Coupang, an e-commerce company, and Xactly, a SaaS provider, both of which resulted in multibillion-dollar outcomes.

This firm could be a strong partner if you are a founder of an enterprise software startup with early traction. Their focus on measurable ROI and history of guiding companies to profitable exits is ideal for founders with a clear vision for scaling.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Enterprise Software, SaaS, Artificial Intelligence (AI), Generative AI, Big Data
• Geographical presence: Oakland, California
• Founded: 2010
• Notable portfolio companies: Coupang, Xactly, Opsmatic
• Portfolio size: 65 investments

You can refer to their website here.

4. Propel

Propel is a venture capital firm that invests in companies building for the new financial economy. They focus on technology-driven businesses that are reshaping financial services, insurance, and enterprise software.

The firm supports companies from seed to late stage, with a portfolio that includes major successes like Coinbase and DocuSign. Their investments often feature companies that have achieved public listings or generate over $100 million in annual revenue, showing a clear focus on businesses with significant scaling potential.

Propel could be a great partner if you are a founder in the fintech sector, including those applying Generative AI to financial technology. They are well-suited for startups with a clear path to high growth and a strong revenue model.

• Investment stages: Seed, Early Stage, Late Stage Venture
• Industries of focus: FinTech, InsurTech, Enterprise Software, Generative AI
• Geographical presence: San Francisco, California
• Founded: 2016
• Notable portfolio companies: Coinbase, DocuSign, Hippo, Groww
• Portfolio size: 62 investments

You can refer to their website here.

5. Dreamit Ventures

Dreamit Ventures is a venture fund that backs startups with existing pilots or revenue that are ready to grow. Based in Philadelphia, they focus on companies that have demonstrated initial traction and are prepared for significant scaling.

The firm invests in early-stage companies across the security sector—including cloud security and fraud detection—and also supports businesses in Generative AI. Their portfolio shows a strong record of successful exits, with companies like LevelUp being acquired by Grubhub and the social app Houseparty being bought by Epic Games.

Dreamit could be a good match if you are a founder of an early-stage company that already has market validation. Their focus on startups ready to scale and their history of guiding companies to major acquisitions make them a valuable partner for founders with a clear growth trajectory.

• Investment stages: Seed, Early Stage Venture, Convertible Note
• Industries of focus: Security, Generative AI, Fraud Detection, Identity Management
• Geographical presence: Philadelphia, Pennsylvania
• Founded: 2007
• Notable portfolio companies: SeatGeek, LevelUp, Houseparty, TrendKite
• Portfolio size: 403 investments

You can refer to their website here.

6. Ventioneers

Ventioneers is a venture capital firm that invests in high-growth technology companies. Based in Houston, they support businesses across deep tech, SaaS, energy, and artificial intelligence.

The firm's portfolio is notable for including some of the world's most valuable private companies, such as SpaceX, ByteDance, and Stripe. This indicates a strategy focused on backing founders with massive ambition and an ability to invest across all stages, from seed rounds to secondary markets.

Ventioneers could be a good fit if you are a founder building a company with the potential for global scale. Their focus on deep tech and their track record with industry-defining companies suggest they are prepared to support businesses with very high growth trajectories.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Secondary Market
• Industries of focus: Deep-Tech, SaaS, Energy, AI, Legal Tech, Manufacturing
• Geographical presence: Houston, Texas
• Founded: 2023
• Notable portfolio companies: SpaceX, which was recently valued at about $350 billion, along with ByteDance, Stripe, and Anthropic
• Portfolio size: 20 investments

You can refer to their website here.

7. Angel Collective Opportunity Fund

Angel Collective is a San Francisco-based venture capital firm that functions as a platform for emerging fund managers. They invest in technology companies across various industries and growth phases.

The firm supports businesses from seed to late stage, with a clear focus on B2B, FinTech, and artificial intelligence. Their portfolio features several high-growth unicorns, including the Generative AI platform Jasper and the startup banking service Mercury, which points to their skill in backing successful companies.

This firm could be a strong partner if you are a founder in enterprise software or financial technology, especially if your business uses AI. Their history of supporting companies to significant scale makes them a good choice for founders with high-growth ambitions.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Artificial Intelligence (AI), B2B, FinTech, Generative AI, Industrial
• Geographical presence: San Francisco, California
• Founded: 2020
• Notable portfolio companies: Mercury, Jasper, TaxBit
• Portfolio size: 77 investments

You can refer to their website here.

What This Tells Us About The VC Scene for Generative AI Companies

This review of top VCs shows that the funding environment for companies in Generative AI is broad and active. Many investors are not exclusively focused on AI but come from sectors like FinTech, enterprise software, and healthcare. This allows you to position your company based on the specific industry problem it solves.

Funding opportunities appear well-balanced across company growth phases. While some firms target early-stage deals, many on our list support companies from seed to late-stage rounds, indicating potential for long-term partnerships. Geographically, California is a clear hub for AI investment, but active firms in cities like Houston and Philadelphia show that capital is accessible beyond the Bay Area.

Raise Confidently with Rho

Fundraising requires immense focus, and knowing which investors to approach saves valuable time and energy. We created this guide to help you connect with the firms most relevant to your company in the Generative AI space.

Once your round is closed, Rho can help you set up your financial stack in minutes. We make it simple to manage your new capital so you can get back to building your business.

Our platform provides the tools you need to manage funds efficiently, including business banking, corporate cards, and automated bill pay. We give you the financial clarity and control to grow with confidence.

FAQs about Venture Capital Firms Focused on Generative AI

Which European VC firms invest in AI startups?

Yes, Europe has a strong and growing venture scene for AI. Firms in hubs like London, Berlin, and Paris are actively funding AI startups, offering capital and access to the European market for founders building global companies.

Are there active AI venture capital firms in Asia?

Absolutely. Asia is a rapidly growing hub for AI investment, with many venture capital firms in Singapore, China, and India. These investors often look for companies that can address specific regional market needs and scale across Asia.

How do I find Series A VC firms for my AI company?

To find Series A investors, focus on firms that support early-stage companies with proven traction. Many firms on our list, such as Illuminate Ventures and Angel Collective, look for startups with a strong product and initial revenue.

What is the difference between AI and deep tech VC firms?

There is significant overlap, but deep tech VCs often fund companies based on fundamental scientific or engineering breakthroughs. AI-focused firms may invest more broadly, including in companies applying existing AI models to specific business problems.

How can I identify which VC firms are actively investing?

To see which firms are currently active, follow recent funding announcements in tech publications and check investors' websites for new portfolio companies. This research helps you target firms that are actively deploying capital in your sector.

How can Rho help my startup manage its new funding?

Once your round is closed, we help you manage your new capital efficiently. Rho provides an all-in-one platform with business banking, corporate cards, and automated payments to give you financial clarity and control.