15 Top Internet Venture Capital Firms

When you're preparing to raise capital, knowing which investors truly understand your business is critical. The world of Internet startups is vast, spanning everything from SaaS and fintech to e-commerce and digital media. Finding the right fit means looking for a partner who gets your specific model.

To help you focus your search, our team at Rho has put together this overview of top venture capital firms investing in Internet companies. We've curated this list to help you quickly identify relevant investors, whether you're an early-stage startup or raising a later round.

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 Internet Are Right for Your Stage?

Whether you're just starting out or preparing for an exit, it helps to know who to talk to. This is a quick overview of which venture capital firms invest in internet companies at each stage.

Pre-seed and Seed VC Firms in Internet

Pre-seed and seed funding is the earliest capital you'll raise, typically to validate your idea and build an initial product. For founders at this stage, startup venture capital firms like Seattle-based Pioneer Square Labs, global accelerator 500 Global, and angel group Diverse Angels are often a great starting point.

Early Stage VC Firms in Internet

Early-stage funding, which includes Series A and B rounds, is for companies with proven traction that need capital to scale their team and accelerate growth. Many internet-focused venture capital firms specialize here; for example, Forerunner Ventures backs consumer internet brands, while software vc firms like Mercury and Recursive Ventures focus on SaaS and AI startups, respectively.

Late Stage VC Firms in Internet

Late-stage rounds provide growth capital to established companies, often to expand into new markets or prepare for an M&A event or IPO. Prominent late-stage investors include large venture capital firms such as ICONIQ Capital, which serves influential families and organizations, and Elsewhere Partners, a growth capital firm that invests in B2B software companies.

It's also worth noting that some VC firms invest across all startup funding stages, from seed to exit.

To help you find the right partner, we've detailed some of the top VC firms that invest in internet companies. For each firm, you'll find key information on their investment stages, geographic focus, and what makes them a compelling choice for founders.

1. Forerunner

Forerunner is a venture capital firm that invests in companies attuned to the modern consumer. They back ambitious founders who are building the next generation of brands and commerce platforms.

The firm is known for backing iconic consumer brands, with portfolio companies like Warby Parker, Dollar Shave Club, and Chime. Their investment thesis centers on companies that are redefining commerce and the consumer experience.

This firm is a strong potential partner if you are building a consumer-focused company, particularly in retail or fintech. Founders with a clear vision for a new brand or a deep understanding of consumer behavior will find their approach valuable.

• Investment stages: Seed, Early Stage, and Late Stage Venture
• Industries of focus: Retail, FinTech, and Internet
• Geographical presence: San Francisco, California
• Founded: 2010
• Notable investments: Chime, Faire, Warby Parker, and Dollar Shave Club

You can refer to their website here.

2. Quiet Capital

Quiet Capital is a technology investment firm based in San Francisco that backs companies from their earliest stages through to public offerings. They operate across a wide spectrum of the tech industry.

The firm supports founders across the entire company lifecycle, from seed funding to late-stage rounds. Their portfolio includes major successes like Reddit and Airbase, indicating a focus on high-growth technology companies in areas like social media and fintech.

This firm is a good fit if you're building a high-potential technology business and want a long-term partner. Founders seeking capital for ventures in fintech, social platforms, or enterprise software will find their experience relevant.

• Investment stages: Seed, Early Stage, and Late Stage Venture
• Industries of focus: Financial Services, Internet, and IT Infrastructure
• Geographical presence: San Francisco, California
• Founded: 2017
• Notable investments: Reddit, OneFootball, Airbase, and Modern Health

You can refer to their website here.

3. 500 Global

500 Global is a multi-stage venture capital firm that invests in founders building fast-growing technology companies. Operating as both an accelerator and a VC, they support startups from their earliest days around the world.

The firm invests across the full spectrum, from seed to late-stage venture, and its accelerator roots give it a unique global perspective. Their track record includes backing companies that became household names, such as Canva, Credit Karma, and Grab, as documented publicly.

This firm is an excellent choice if you're an early-stage founder looking for an accelerator program with a path to later-stage funding. Their global network and large portfolio community are valuable assets for any tech startup.

• Investment stages: Seed, Early Stage, and Late Stage Venture
• Industries of focus: Technology, Finance, and Internet
• Geographical presence: San Francisco, California
• Founded: 2010
• Notable investments: Canva, Credit Karma, Grab, Udemy, and Twilio
• Investor type: Accelerator and Venture Capital

You can refer to their website here.

4. Ripple

Ripple is a venture capital firm with a deep focus on financial technology. They invest in companies building solutions for cross-border payments, crypto liquidity, and other areas of the modern financial stack.

The firm's expertise is clearly centered on blockchain, payments, and Web3 infrastructure. Their portfolio, which includes companies like AI agent builder Voiceflow and logistics platform Rose Rocket, also shows a broader interest in B2B software.

This firm is a strong potential partner if you are a founder in the fintech or cryptocurrency space. Given their portfolio, they are also a good fit for B2B founders building specialized software for other industries.

• Investment stages: Early Stage Venture
• Industries of focus: Blockchain, Cryptocurrency, FinTech, Payments, and Web3
• Geographical presence: San Francisco, California
• Founded: 2012
• Notable investments: Voiceflow, Rose Rocket, ZenHub, Harmonize, and Wisedocs

You can refer to their website here.

5. Elsewhere Partners

Elsewhere Partners is a growth capital firm that invests in B2B software companies. They specifically look for businesses located outside of traditional venture hubs.

The firm supports companies across their lifecycle, from early rounds to private equity, and has a track record of backing businesses to successful exits. Their portfolio includes major names like SailPoint and Bazaarvoice, both of which had significant acquisitions or IPOs.

This firm is a great match if you're a B2B software founder building your company outside of the usual tech corridors. Their focus on growth capital makes them a good partner for established businesses ready to scale.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, and Private Equity
• Industries of focus: B2B Software, Information Technology, and Internet
• Geographical presence: Austin, Texas
• Founded: 2017
• Notable investments: Bazaarvoice, SolarWinds, SailPoint, and Jam City
• Investor type: Venture Capital and Private Equity Firm

You can refer to their website here.

6. Pioneer Square Labs

Pioneer Square Labs is a Seattle-based startup studio that creates and launches new technology companies. They operate as a hybrid, functioning as an incubator, accelerator, and venture capital investor.

The firm concentrates on enterprise software, internet, and mobile startups, with a clear strength in building companies toward successful acquisitions. Their portfolio includes high-profile exits like BigBox VR (acquired by Meta) and Iteratively (acquired by Amplitude).

PSL is a strong choice for early-stage founders who want a hands-on partner for company building, not just a check. Their studio model is particularly well-suited for entrepreneurs in the enterprise or mobile space.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: Enterprise Software, Internet, and Mobile
• Geographical presence: Seattle, Washington
• Founded: 2015
• Notable investments: BigBox VR, Iteratively, Boundless, Copper, and Arrived
• Investor type: Accelerator, Incubator, and Venture Capital

You can refer to their website here.

7. TMV

TMV is an early-stage venture firm that invests in companies shaping the future of how we live. They back purpose-driven founders building businesses in core areas like healthcare, finance, and education.

The firm's portfolio shows a strong conviction in mission-oriented companies, with notable successes like primary-care provider Cityblock Health and medical apparel brand FIGS. Their focus is on businesses that improve daily life, from personal well-being to financial services.

TMV is a good fit for early-stage founders with a clear vision for improving people's lives. If your company operates in healthcare, fintech, or education and has a strong brand story, their team could be a valuable partner.

• Investment stages: Seed, Early Stage Venture, and Secondary Market
• Industries of focus: Health Care, FinTech, Education, and Internet
• Geographical presence: New York, New York
• Founded: 2016
• Notable investments: Cityblock Health, Casper Sleep, FIGS, and ClassTag
• Investor type: Venture Capital

You can refer to their website here.

8. Lightbank

Lightbank is a Chicago-based venture capital firm that invests across a broad range of technology sectors. Led by founder Eric Lefkofsky, the firm supports companies in areas like AI, SaaS, marketplaces, and fintech.

The firm has a clear history of guiding companies to major exits, including the IPOs of Sprout Social and Fiverr and the billion-dollar acquisition of Tastytrade. This signals a focus on building high-value, market-leading businesses with public-market potential.

Lightbank is a strong potential partner if you are a founder with ambitions for a large-scale exit, whether through an IPO or acquisition. Their portfolio suggests a good fit for founders in SaaS, fintech, and consumer marketplaces.

• Investment stages: Seed, Early Stage, and Late Stage Venture
• Industries of focus: AI, SaaS, FinTech, Marketplaces, Health Care, and Consumer Internet
• Geographical presence: Chicago, Illinois
• Founded: 2010
• Notable investments: Sprout Social, Tempus, Tastytrade, and Fiverr
• Fund size: $700M AUM
• Portfolio size: Over 200 investments and 44 exits

You can refer to their website here.

9. Legendary Ventures

Legendary Ventures is a venture capital fund that invests in consumer retail companies. They focus on accelerating value creation for brands with high growth potential.

The firm's portfolio is notable for its inclusion of both iconic public brands like Lululemon and massive private tech companies like SpaceX, as publicly reported. This signals a flexible strategy that spans from consumer goods to deep tech, often backing companies with strong market recognition.

This firm is a good match if you're a founder in the consumer space building a company with significant brand potential. Their broad investment stages, from seed to private equity, also suit founders looking for a long-term financial partner.

• Investment stages: Seed, Early Stage, Late Stage, Private Equity, and Secondary Market
• Industries of focus: Consumer Goods, FinTech, Internet, and Blockchain
• Geographical presence: New York, New York
• Founded: 2019
• Notable investments: SpaceX, Airbnb, Lululemon, Etsy, and FiscalNote
• Investor type: Accelerator, Private Equity, and Venture Capital
• Portfolio size: 22 investments

You can refer to their website here.

10. New Form Capital

New Form Capital is an early-stage venture firm that invests where blockchain technology and financial markets intersect. They focus on providing capital to founders building the next generation of financial infrastructure.

The firm has a clear concentration on the earliest stages of a company's life, including seed rounds and Initial Coin Offerings (ICOs). Their investment thesis is tightly focused on fintech and blockchain-native businesses.

This firm is a strong match if you are a founder in the crypto or fintech space, especially if you're raising a seed round. Their specific expertise is valuable for teams building deeply technical financial products.

• Investment stages: Seed, Early Stage Venture, and Initial Coin Offering
• Industries of focus: Blockchain, FinTech, and Internet
• Geographical presence: New York, New York
• Founded: 2019
• Portfolio size: 41 investments
• Number of exits: 4

You can refer to their website here.

11. ICONIQ Capital

ICONIQ Capital is a privately-held investment firm that manages capital for some of the world's most influential families and organizations. They operate as a unique hybrid of a family office, private equity firm, and venture capital investor.

The firm is known for backing category-defining technology companies, including names like Airbnb and Alibaba, through to major public-market exits. Their portfolio also includes enterprise leaders like Datadog and Procore Technologies, which both had successful IPOs.

ICONIQ is a great fit for founders of high-growth companies with the ambition to build a business of significant scale. Their deep network and ability to invest across a company's entire lifecycle make them a powerful long-term partner.

• Investment stages: Early Stage Venture, Late Stage Venture, Post-IPO, and Private Equity
• Industries of focus: Finance, Internet, and Real Estate
• Geographical presence: San Francisco, California
• Founded: 2011
• Notable investments: Airbnb, Adyen, Alibaba, Datadog, and Procore Technologies
• Investor type: Family Investment Office, Private Equity Firm, and Venture Capital
• Portfolio size: 81 investments
• Number of exits: 12

You can refer to their website here.

12. Mercury

Mercury is an early-stage venture capital firm that invests in software companies, with a specific focus on SaaS, cloud, and data platforms.

The firm has a strong history of guiding its portfolio companies to successful acquisitions by major tech players, including PayPal's purchase of Modest and Cision's acquisition of TrendKite.

Mercury is a solid choice if you are an early-stage founder building B2B software, particularly in SaaS or data infrastructure, and are looking for a partner with a proven playbook for achieving a strong exit.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: SaaS, Cloud, Data Platforms, and Internet
• Geographical presence: Houston, Texas
• Founded: 2013
• Notable investments: TrendKite, Modest, and Label Insight
• Portfolio size: Over 120 investments and 17 exits

You can refer to their website here.

13. The Venture Reality Fund/VRF

The Venture Reality Fund (VRF) is an early-stage firm that invests in companies building the future of AI and spatial computing. They provide capital to founders working on augmented and virtual reality technologies.

The firm's clear focus is on deep tech, backing companies with significant intellectual property in immersive experiences. Their portfolio includes major successes like Owlchemy Labs, the VR game developer acquired by Google, and enterprise training platform Strivr, which signals a focus on market-leading applications.

VRF is an ideal partner if you're a founder at the seed or early stage with a company in the AI, AR, or VR space. Their specialized expertise is particularly suited for teams building technically complex products for gaming, enterprise, or entertainment.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: Artificial Intelligence (AI), Augmented Reality, Virtual Reality, and Gaming
• Geographical presence: Burlingame, California
• Founded: 2016
• Notable investments: Baobab Studios, Strivr, Owlchemy Labs, and Phiar Technologies
• Portfolio size: 64 investments
• Number of exits: 9

You can refer to their website here.

14. Recursive Ventures

Recursive Ventures is an early-stage venture firm that provides capital to tech startups in the US and Israel. They focus on companies using data and artificial intelligence to create new opportunities in established industries.

The firm has a track record of backing companies that achieve significant scale, including Ring (acquired by Amazon) and Life360 (IPO). Their portfolio also features high-growth unicorns like Deel and Placer.ai, showing a clear focus on data-centric businesses with high-return potential.

This firm is a strong fit if you're an early-stage founder in the US or Israel building a company with AI or data at its core. Their history suggests they are a good partner for teams aiming for a major acquisition or public offering.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: Artificial Intelligence (AI), FinTech, SaaS, and Real Estate
• Geographical presence: Albany, California (invests in US and Israeli startups)
• Founded: 2015
• Notable investments: Ring, Deel, Placer.ai, and Life360
• Portfolio size: 48 investments and 11 exits

You can refer to their website here.

15. Diverse Angels

Diverse Angels is an angel group and venture capital firm focused on increasing representation within the investment community. They support companies at the seed and early stages, providing capital to founders building businesses across the technology sector.

The firm invests across a wide range of industries, including e-commerce, gaming, blockchain, and healthcare. Their portfolio includes the fintech unicorn Republic and the AI audio platform Sounder, which provided the firm with a successful exit after its 2024 acquisition.

This firm is an excellent match for early-stage founders, particularly those who value an investor base committed to diversity. Their broad industry focus makes them a good fit for startups in fintech, gaming, health tech, and enterprise software.

• Investment stages: Seed and Early Stage Venture
• Industries of focus: E-Commerce, Gaming, Health Care, FinTech, and Software
• Geographical presence: Los Angeles, California
• Founded: 2021
• Notable investments: Republic, Sounder, Pariti, and Ash Wellness
• Investor type: Angel Group and Venture Capital
• Portfolio size: 53 investments
• Number of exits: 3

You can refer to their website here.

What This Tells Us About The VC Scene for Internet Companies

This overview shows that the investment community for internet companies is both deep and varied. There is significant support available at the early stages, as many firms on our list provide seed and Series A funding. This is great news if you're a founder who needs that initial capital to validate your product and scale your team.

Geographically, while traditional hubs like San Francisco and New York are prominent, capital is clearly accessible elsewhere. With investors based in Texas, Illinois, and Washington, you don't necessarily need to be in Silicon Valley to get funded. The mix of accelerators, angel groups, and multi-stage VCs also gives you options to find a partner whose structure fits your company's needs.

Raise Confidently with Rho

Fundraising requires immense focus, and knowing which investors to approach is half the battle. We hope this list helps you concentrate your efforts on the firms that are the best fit for your company.

Once your round is closed, the work of managing that capital begins. If you’ve just raised, Rho can help you set up your financial stack in minutes.

Our platform integrates business banking, corporate cards, and bill pay, giving you the tools to put your new funding to work with confidence and clarity.

FAQs about Venture Capital Firms Focused on Internet

Which cities have the most internet venture capital firms?

San Francisco and New York City remain the primary centers for internet-focused venture capital. However, growing hubs like Austin, Chicago, and Seattle also have a strong and expanding community of investors backing technology companies.

What do seed stage internet VC firms look for?

At the seed stage, investors focus heavily on your founding team's experience and vision. They also want to see a compelling idea for a large market and early signs of product-market fit, even if it's just initial user feedback.

How do I get an introduction to a VC firm?

The best approach is a warm introduction from a mutual connection, such as another founder, a lawyer, or an advisor. Cold outreach can work, but a trusted referral significantly increases your chances of getting a meeting.

Are there many global venture capital firms investing in internet startups?

Yes, many firms have a global presence or invest internationally. Firms like 500 Global operate worldwide, and many US-based VCs actively seek opportunities in Europe, Asia, and other markets, especially for high-growth internet companies.

How can Rho help after I raise from a VC firm?

Once you've secured funding, our platform helps you manage it effectively. We offer integrated business banking, corporate cards, and automated payments to give you full control over your company's finances. Get started with Rho.