Hey all, I run a funding-data API and I pulled every venture round of $100M or more from Oct 2025 to Sep 2026 that named its investors, we have 903 in total for this group.

And we found that Nvidia (or its venture arm) was in 79 of them. Sequoia was in 75 and a16z in 73. Nvidia on its own beat Lightspeed, General Catalyst and Accel.

Two other things that kinda surprised me was that counting rounds and counting dollars give different leaders. So the average round Fidelity joined was $7.7B, against $3.5B for Sequoia and 38% of these rounds had a corporate investor, up from 35% the year before.

The obvious question is how much of this is Nvidia funding demand for its own chips. I'd like to hear from people who've been on either side of one of these rounds.