15 Top Internet Venture Capital Firms

If you're a founder preparing to raise capital for your Internet business, you know that finding the right investor is about more than just the money. The venture capital world is vast, and connecting with a firm that truly understands your space—whether it's SaaS, fintech, or consumer software—can make all the difference.

To help you focus your search, our team has curated this overview of top VC firms that actively invest in Internet companies. This guide is designed to give you a clear picture of the key players so you can approach your fundraising with confidence.

Actively raising? You can now access non-dilutive funding options like venture debt and credit lines through Rho Capital. Rho also provides access to business banking, corporate cards, and bill pay—built for startup teams moving fast.

Key Takeaways

• For an internet company, securing venture funding provides the capital necessary to accelerate product development, expand your team, and grow your user base.

• The venture capital community includes many firms focused on internet companies, with notable backers like Forerunner, Quiet Capital, 500 Global, and Ripple actively investing in the sector.

• Once you've raised or closed a funding round, Rho helps you manage your new capital with integrated tools for business banking, corporate cards, and bill pay.

Which VC Firms in Internet Are Right for Your Stage?

Knowing who to talk to is essential, whether you're an early-stage company or preparing for an exit. Here is a quick overview of VC firms that invest in internet companies, broken down by stage.

Pre-seed and Seed VC Firms in Internet

Pre-seed and seed funding is the earliest capital you'll raise, typically used to validate your idea and build an initial product. For founders of internet startups at this stage, firms like Pioneer Square Labs and Recursive Ventures focus on getting new companies off the ground, while global accelerators like 500 Global invest in fast-growing technology companies from the very beginning.

Early Stage VC Firms in Internet

Early-stage funding, covering Series A and B, is for companies with proven traction that need capital to scale their team and accelerate growth. Some prominent early-stage internet VC firms include Forerunner Ventures, which specializes in the modern consumer, alongside other software and fintech VC firms like Quiet Capital and TMV.

As you scale, Rho Capital can help you access non-dilutive funding options like venture debt to complement your equity round, giving you more runway without further dilution.

Late Stage VC Firms in Internet

Late-stage rounds are designed for mature companies preparing for a major milestone, such as an acquisition or an initial public offering (IPO). Venture capital firms active in this space, such as ICONIQ Capital and Lightbank, often provide the significant capital needed for global expansion and market leadership.

Once you've secured that growth capital, our integrated platform helps you manage it with tools for business banking, corporate cards, and automated bill pay, all in one place.

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

To help you find the right fit, here is a closer look at top VC firms in the internet sector, including details on their investment stages, geographic focus, and what makes each a compelling partner.

1. Forerunner

Based in San Francisco, Forerunner is a venture capital firm that invests in companies built around the evolving behaviors of the modern consumer. They have a strong track record of backing ambitious founders who are redefining commerce.

The firm’s investment thesis is centered on a deep understanding of consumer trends, which is reflected in their portfolio of category-defining brands like Warby Parker, Dollar Shave Club, and Chime. They invest across stages, from seed to late-stage, showing a commitment to supporting companies throughout their growth journey.

Forerunner is an excellent match for founders building consumer-focused businesses, particularly in retail, e-commerce, and fintech. If you have a clear vision for a brand that resonates with today's customers, their expertise could be invaluable.

• Investment stages: Seed, Early Stage, Late Stage
• Industries of focus: FinTech, Internet, Retail, Retail Technology
• Geographical presence: San Francisco, California
• Founded: 2010
• Notable portfolio companies: Chime, Faire, Warby Parker, Dollar Shave Club, Jet
• Number of investments: Over 260

You can refer to their website here.

2. Quiet Capital

Quiet Capital is a San Francisco-based technology investment firm that supports companies from their earliest stages through to late-stage growth. They invest across several sectors, including internet companies, financial services, and IT infrastructure, building a diverse portfolio of ambitious startups.

The firm is known for backing high-profile companies like Reddit and the spend-management platform Airbase, demonstrating a track record of supporting founders toward major milestones. Their portfolio suggests a focus on businesses with strong network effects and the potential for significant scale, supported by a team that understands the path to a successful exit.

This firm is a strong potential partner if you're building a technology company with high-growth potential, particularly in fintech or consumer internet. As you scale with support from investors like Quiet Capital, our integrated platform at Rho can help you manage your capital with tools for banking, corporate cards, and automated payments.

• Investment stages: Seed, Early Stage, Late Stage
• Industries of focus: Internet, Financial Services, IT Infrastructure
• Geographical presence: San Francisco, California
• Founded: 2017
• Notable portfolio companies: Reddit, OneFootball, Airbase, Modern Health
• Number of investments: Over 360

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. With roots as a well-known accelerator, they have a massive portfolio and a global presence.

The firm is notable for its high-volume investment approach, backing thousands of companies around the world. Their portfolio includes major successes like Canva, Grab, and Twilio, showing their ability to identify and support category-defining businesses from the start.

This firm is an excellent choice for founders of technology companies who are seeking early-stage capital and access to a global network. Their background as an accelerator makes them a strong partner for teams looking for structured support to scale quickly.

• Investment stages: Seed, Early Stage, Late Stage
• Industries of focus: Technology, Internet, Financial Services
• Geographical presence: San Francisco, California
• Founded: 2010
• Notable portfolio companies: Canva, Credit Karma, Grab, Udemy, Twilio
• Number of investments: Over 3,100

You can refer to their website here.

4. Ripple

Ripple is a technology-focused investment firm based in San Francisco that provides capital for companies building solutions in fintech. The firm concentrates on foundational areas like cross-border payments, crypto liquidity, and digital currency.

The firm supports companies developing core infrastructure for the modern economy, with a portfolio that extends beyond just finance. Their investments include AI agent builder Voiceflow and the developer productivity tool ZenHub, showing an interest in businesses with strong technical foundations. A successful exit with Harmonize, an employee onboarding platform, also points to their experience guiding companies to acquisition.

This firm is a compelling partner for founders working on technically complex solutions in fintech, Web3, and payments. Once you secure funding from a partner like Ripple, our team at Rho can help you manage it with integrated banking, corporate cards, and automated bill pay to keep your financial operations running smoothly as you scale.

• Investment stages: Early Stage
• Industries of focus: Blockchain, Cryptocurrency, FinTech, Internet, Payments, Web3
• Geographical presence: San Francisco, California
• Founded: 2012
• Notable portfolio companies: Voiceflow, Rose Rocket, ZenHub, Harmonize
• Number of investments: Over 40

You can refer to their website here.

5. Elsewhere Partners

Elsewhere Partners is a growth capital firm that invests in B2B software companies located outside of traditional venture hubs. They focus on helping businesses scale in underserved markets.

The firm supports companies from seed funding through to later stages, with a portfolio that includes major successes like SailPoint and SolarWinds. This track record demonstrates their ability to guide companies toward significant outcomes, including public offerings and large acquisitions.

Elsewhere Partners is a compelling choice for founders building B2B software companies outside of major tech centers who are seeking a partner with deep operational and exit experience. After securing your funding, Rho can help you manage your new capital with integrated tools for banking, corporate cards, and payments.

• Investment stages: Seed, Early Stage, Late Stage, Private Equity
• Industries of focus: B2B Software, Information Technology, Internet
• Geographical presence: Austin, Texas
• Founded: 2017
• Notable portfolio companies: SailPoint, SolarWinds, Bazaarvoice
• Number of investments: 22

You can refer to their website here.

6. Pioneer Square Labs

Pioneer Square Labs is a Seattle-based venture studio that creates and launches new technology companies. They operate as a co-founder, helping to build businesses from the ground up with hands-on support.

The firm’s studio model is its defining characteristic, signaling deep operational involvement that goes beyond just capital. Their portfolio demonstrates a strong record of building successful companies and guiding them to high-profile exits, like the virtual-reality game studio BigBox VR, which was acquired by Meta.

PSL is a strong match for founders at the earliest stages who are looking for a partner to help validate, build, and launch their startup. As you grow post-launch, Rho can help you manage your capital with integrated banking, corporate cards, and automated payments.

• Investment stages: Seed, Early Stage
• Industries of focus: Enterprise Software, Internet, Mobile
• Geographical presence: Seattle, Washington
• Founded: 2015
• Notable portfolio companies: BigBox VR, Iteratively, Boundless, Copper, Arrived
• Number of investments: 25

You can refer to their website here.

7. TMV

TMV is a New York-based, early-stage investment firm that invests in companies contributing to "the future of living well." They support founders from the seed stage through their early growth phases, building a portfolio of purpose-driven businesses.

The firm’s investments show a focus on sectors like healthcare, fintech, and education, with a strong record of backing companies to significant outcomes. Their portfolio includes notable successes like Casper, FIGS, and Cityblock Health, demonstrating experience guiding companies toward IPOs and unicorn valuations.

This firm is a strong match for founders building mission-oriented companies that aim to improve people's daily lives. As you prepare for your early-stage round, Rho Capital can also help you explore non-dilutive funding to complement your equity raise.

• Investment stages: Seed, Early Stage, Secondary Market
• Industries of focus: Health Care, FinTech, Education, Internet, Transportation
• Geographical presence: New York, New York
• Founded: 2016
• Notable portfolio companies: Cityblock Health, Casper, FIGS, ClassTag, Clockwise
• Number of investments: 66
• Number of exits: 8

You can refer to their website here.

8. Lightbank

Lightbank is a Chicago-based venture capital firm that invests across a wide range of technology sectors, including AI, SaaS, marketplaces, and fintech. Led by serial entrepreneur Eric Lefkofsky, the firm manages a $700M fund and supports companies from seed to late-stage rounds.

The firm has a strong track record of guiding companies to major exits, with notable successes like the IPOs of Sprout Social and Fiverr. Their portfolio also includes the billion-dollar acquisition of Tastytrade and the unicorn health-tech company Tempus, signaling deep experience in scaling businesses for significant outcomes.

Lightbank is a compelling partner for founders of high-growth technology companies, particularly in SaaS or marketplace models, who are aiming for an IPO or a large acquisition. Once you secure that growth capital, our platform at Rho provides the integrated tools for banking, corporate cards, and payments to manage it effectively.

• Investment stages: Seed, Early Stage, Late Stage
• Industries of focus: AI, SaaS, Marketplaces, FinTech, Enterprise Software, Internet
• Geographical presence: Chicago, Illinois
• Founded: 2010
• Notable portfolio companies: Sprout Social, Tastytrade, Tempus, Fiverr, SpotHero
• Number of investments: Over 200
• Number of exits: Over 40

You can refer to their website here.

9. Legendary Ventures

Legendary Ventures is a New York-based venture capital firm that accelerates growth for consumer retail companies. They invest across multiple stages, from seed to private equity, with a focus on building value in the consumer sector.

The firm is distinguished by its portfolio of iconic consumer and technology brands, including investments in companies like SpaceX and Airbnb. This signals a strategy of backing established, high-growth companies with global reach, often through later-stage or secondary market opportunities.

This firm is a strong potential partner for founders of consumer brands that have already achieved significant market traction. If you are building a company with the potential to become a household name, their experience with major brands could be a significant asset. Once you secure funding, our team at Rho can help you manage your capital with integrated banking, corporate cards, and payments to support your growth.

• Investment stages: Seed, Early Stage, Late Stage, Private Equity, Secondary Market
• Industries of focus: Consumer Goods, FinTech, Internet, Blockchain
• Geographical presence: New York, New York
• Founded: 2019
• Notable portfolio companies: SpaceX, Airbnb, Lululemon, Etsy, FiscalNote
• Number of investments: 22
• Number of exits: 1

You can refer to their website here.

10. New Form Capital

New Form Capital is an early-stage venture firm based in New York that invests where blockchain technology meets financial markets. They provide seed and early-stage capital to companies building new infrastructure in fintech and Web3.

The firm’s clear focus on blockchain and finance sets them apart, signaling deep expertise in this specialized area. Their investment activity, which includes initial coin offerings, shows they are comfortable with both traditional venture and Web3-native funding structures.

This firm is a great potential partner if you are a founder building a company in the fintech or blockchain space. Once you've raised your seed round, our platform at Rho can help you manage your new capital with integrated banking and payment tools.

• Investment stages: Seed, Early Stage, Initial Coin Offering
• Industries of focus: Blockchain, FinTech, Internet
• Geographical presence: New York, New York
• Founded: 2019
• Number of investments: Over 40
• Number of exits: 4

You can refer to their website here.

11. ICONIQ Capital

ICONIQ Capital is a San Francisco-based investment firm that manages capital for some of the world's most influential families and organizations. They combine private wealth management with direct venture capital and growth equity investments, giving them a unique position in the market.

The firm is recognized for backing category-defining technology companies, often in their later stages leading up to a major public offering. Their portfolio includes massive successes like Airbnb, Datadog, and Alibaba, showing a clear focus on businesses with proven scale and market leadership.

ICONIQ is a great fit for founders of mature, high-growth companies preparing for a significant event like an IPO or a large-scale exit. Once you secure that level of growth capital, our platform at Rho provides the integrated banking and payment tools needed to manage it effectively.

• Investment stages: Early Stage, Late Stage, Post-IPO, Private Equity, Secondary Market
• Industries of focus: Finance, Internet, Real Estate, Venture Capital
• Geographical presence: San Francisco, California
• Founded: 2011
• Notable portfolio companies: Airbnb, Adyen, Alibaba, Datadog, Procore Technologies
• Number of investments: Over 80
• Number of exits: 12

You can refer to their website here.

12. Mercury

Mercury is an early-stage venture capital firm based in Houston, Texas, that invests in companies building SaaS, cloud, and data platforms. They focus on providing capital to founders at the seed and early stages of their journey.

The firm demonstrates a strong record of guiding B2B software companies toward successful acquisitions by major industry players. Their portfolio includes notable exits like the mobile e-commerce platform Modest, which was bought by PayPal, and the PR analytics tool TrendKite, acquired by Cision.

Mercury is a compelling partner for founders of early-stage SaaS or data companies who are building for a strategic exit. Once you secure funding, our platform at Rho helps you manage your new capital with integrated tools for business banking, corporate cards, and automated payments.

• Investment stages: Seed, Early Stage
• Industries of focus: SaaS, Cloud Platforms, Data, Internet, Financial Services
• Geographical presence: Houston, Texas
• Founded: 2013
• Notable portfolio companies: TrendKite, Modest, Performix, Vistar Media, Label Insight
• Number of investments: Over 120
• Number of exits: 17

You can refer to their website here.

13. The Venture Reality Fund/VRF

The Venture Reality Fund, or VRF, is a California-based firm that invests in early-stage companies working on artificial intelligence and spatial computing. They focus on technology that shapes our digital future, backing founders in the AI, AR, and VR sectors.

The firm has a clear focus on foundational technologies like AI and immersive experiences, investing from seed to early venture stages. Their portfolio highlights a track record of successful exits to major tech companies, including the acquisition of Owlchemy Labs and Phiar Technologies by Google.

VRF is an ideal partner for founders with deep technical expertise building companies in the AR, VR, and AI spaces. If you are at the seed or early stage and developing core technology for immersive applications, this firm's specialized focus could be a great match. Once you secure that initial funding, our platform at Rho can help you manage it with integrated banking and payment tools.

• Investment stages: Seed, Early Stage
• Industries of focus: Artificial Intelligence (AI), Augmented Reality, Virtual Reality, Gaming, Software
• Geographical presence: Burlingame, California
• Founded: 2016
• Notable portfolio companies: Owlchemy Labs, Strivr, Baobab Studios, Wave
• Number of investments: Over 60
• Number of exits: 9

You can refer to their website here.

14. Recursive Ventures

Recursive Ventures is a micro-VC firm that invests in seed-stage technology startups across the United States and Israel. They concentrate on companies using data and artificial intelligence to build new solutions for established industries.

The firm has a strong record of backing companies to major outcomes, including the smart-doorbell maker Ring, which was acquired by Amazon, and the global payroll platform Deel. This history points to an ability to identify businesses with deep technical advantages and massive market potential early on.

Recursive Ventures is a compelling partner for founders of seed-stage companies in the US or Israel using AI and data to build products in sectors like fintech or real estate. Once you secure that early funding, our platform at Rho can help you manage it with integrated banking and payment tools.

• Investment stages: Seed, Early Stage
• Industries of focus: Artificial Intelligence (AI), FinTech, Insurance, Internet, Real Estate, Mobile
• Geographical presence: Albany, California
• Founded: 2015
• Notable portfolio companies: Ring, Deel, Life360, Placer.ai
• Number of investments: 48
• Number of exits: 11

You can refer to their website here.

15. Diverse Angels

Diverse Angels is a Los Angeles-based angel group and venture capital firm with a mission to increase representation within the investment community. They invest in a broad range of technology sectors, providing capital to companies at the seed and early stages.

The firm’s commitment to backing diverse investors is its defining feature, and its portfolio reflects a wide interest in high-growth areas. They have supported notable companies like the fintech unicorn Republic and the AI audio platform Sounder, which resulted in a successful exit.

This firm is an excellent match for founders of early-stage companies in sectors like e-commerce, gaming, and health tech, especially those who value a diverse investor base. Once you secure that early capital, our platform at Rho can help you manage it with integrated banking, corporate cards, and payment tools.

• Investment stages: Seed, Early Stage
• Industries of focus: E-Commerce, Gaming, Health Care, FinTech, Software, Internet
• Geographical presence: Los Angeles, California
• Founded: 2021
• Notable portfolio companies: Republic, Sounder, Pariti, Players’ Lounge, Ash Wellness
• Number of investments: Over 50
• 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 a broad and active group of investors for internet companies. You’ll find significant support at the early stages, as many firms on this list focus on seed and Series A rounds. This indicates a strong appetite for new ideas and a willingness to back businesses from their inception, which is great news if you're just starting out.

While major hubs like California and New York are home to many of these investors, you don't need to be located there to secure funding. The presence of firms in Texas, Illinois, and Washington shows a growing geographic variety in venture capital. Some investors even concentrate on supporting companies outside of traditional tech centers.

As you prepare your fundraising strategy, remember that equity isn't the only option. Rho Capital can help you find non-dilutive financing to complement your round, giving you more runway and control as you build your company.

Raise Confidently with Rho

Having a focused list of relevant investors is invaluable when your time and energy are limited during a fundraise. This guide is designed to help you target the right partners for your company.

If you’re seeking funding, Rho Capital connects you to non-dilutive funding options like venture debt and credit lines through a fast, guided process. We help you access financing tailored to your stage and business model.

Once your capital is secured, our integrated tools help you manage and deploy it efficiently. We provide business banking, corporate cards, and automated bill pay to support your growth.

FAQs about Venture Capital Firms Focused on Internet

Which cities have the most internet venture capital firms?

Major hubs like San Francisco and New York are home to many internet-focused VCs. However, cities like Chicago, Austin, and Seattle also have a strong and growing presence of firms that actively invest in technology companies.

Are there specific VCs for SaaS or fintech companies?

Yes, many firms specialize in specific sectors. For example, firms like Mercury focus on SaaS platforms, while Ripple and New Form Capital concentrate on fintech and blockchain. Researching a firm's portfolio is key to finding the right fit.

How can I get funding if I'm not in a major tech hub?

Many firms, like Elsewhere Partners, specifically invest outside of traditional venture hubs. Additionally, our team at Rho Capital can connect you with non-dilutive funding options, giving you access to capital regardless of your location.

What's the difference between a micro-VC and a large venture capital firm?

Micro-VCs typically manage smaller funds and invest at the earliest stages, often providing more hands-on support. Larger firms manage significant capital, allowing them to write bigger checks and support companies through later growth stages and to an IPO.

How can Rho help me with my fundraising process?

Our team at Rho connects you with non-dilutive financing to complement your equity round. Once funded, our integrated platform helps you manage your capital with business banking, corporate cards, and automated payments.