Washington DC’s Venture Capital Community — All 90 of Them. (2024)

Washington DC’s Venture Capital Community — All 90 of Them. (2)

If you’re in Silicon Valley, its not hard to find startup investors. You can readily take a ride down Sand Hill Road to find legendary firms, such as Greylock Partners, Sequoia Capital and KPCB, lining it. With the industry’s ever growing popularity, venture capitalists are increasingly in the public eye, especially those in the Bay Area. VC deals are widely covered by media outlets, ranging from The New York Times and Wall Street Journal to tech news sites like VentureBeat, TechCrunch and PandoDaily. And, at many firms, partners have further enhanced their brand and status with best-selling books, influential blogs, social media and regular appearances on podcasts and various web and television shows. You can’t escape them.

Unfortunately, venture-stage investors can be a bit harder to locate in the DC Metro Area. K Street is the closest thing to a Sand Hill Road in Washington, but you’re not likely to find too many investors among the lobbyists and think tanks that are based there. Unlike their Californian counterparts, most DC area venture firms keep a relatively low profile and lack the clout characteristic of investors in the Valley. Though there are a few marquee firms, such as Revolution and Paladin Capital, they are more like local celebrities to the Valley’s international superstars. With the exception of Steve Case and Ted Leonsis, few VCs have the fame and following to rival John Doerr and Marc Andreesen types. As a result, it can be difficult to identify who’s who in the DC venture capital community.

A notable exception is long-time resident, New Enterprise Associates, which stands out by holding the top spot among the nation’s most active venture investors according to PwC/MoneyTree’s annual industry report. While its Chevy Chase office did not oversee all 120 deals closed in 2015, the firm remains a prominent local player that is impossible to overlook. QED Investors is another local firm that has emerged as significant player in venture capital industry. The Alexandria-based company has garnered some attention for its high volume of early-stage deals and frequently investing alongside the likes of Menlo Ventures, First Round, Founders Fund and other top tier firms.

With most DC firms flying under the radar though, and a listing of them not obviously available anywhere online, I decided to put one together. I hope this will serve as a useful guide for those seeking to familiarize themselves with sources of venture capital in the area. Importantly, I don’t claim this to be a comprehensive list (despite my title) and can’t promise that each group is actively investing. In fact, to my knowledge, the Carlyle Group has not raised a venture fund since closing its third (Carlyle Venture Partners III, L.P.) at $605 million in 2007. A deeper dive into each of these groups may come in the near future. For now, I encourage you to do some additional research before taking any action based on the list below.

Washington DC’s Venture Capital Community — All 90 of Them. (3)

Venture Capital Firms

  1. 1776 (Washington, DC)
  2. ABB Technology Ventures (Washington, DC)
  3. ABS Capital Partners (Baltimore, MD)
  4. Accion Frontier Investments Group (Baltimore, MD)
  5. Accolade Partners (Washington, DC)
  6. Advantage Capital Partners (Washington, DC)
  7. Aldrich Capital Partners (Bethesda, MD)
  8. Amplifier Ventures (McLean, VA)
  9. Anthem Capital Management (Baltimore, MD)
  10. Arborview Capital (Chevy Chase, MD)
  11. Blue Delta Capital Partners (McLean, VA)
  12. Blue Heron Capital (Richmond, VA)
  13. Blue Tiger Ventures (Washington, DC)
  14. Blue Water Capital (McLean, VA)
  15. Blu Venture Investors (Vienna, VA)
  16. Board Assets (Washington, DC)
  17. Booz Allen Hamilton (Washington, DC)
  18. Boulder Ventures (Chevy Chase, MD)
  19. Camber Creek (Rockville, MD)
  20. Capital Sports Ventures (Arlington, VA)
  21. Carlyle Venture Partners (Washington, DC)
  22. CIT Gap Funds (Herndon, VA)
  23. CNF Investments (Bethesda, MD)
  24. Columbia Capital (Alexandria, VA)
  25. Core Capital (Washington, DC)
  26. Court Square Ventures (Charlottesville, VA)
  27. DC Community Ventures (Washington, DC)
  28. Digital DC Fund (Washington, DC)
  29. Dingman Center Angels (College Park, MD)
  30. Disruptor Capital (Alexandria, VA)
  31. District Ventures (Washington, DC)
  32. Edison Partners (McLean, VA)
  33. Emerging Technology Partners (Rockville, MD)
  34. Enlightenment Capital (Chevy Chase, MD & Arlington, VA)
  35. Epidarex Capital (Bethesda, MD)
  36. Fenway Summer (Washington, DC)
  37. Fortify Ventures (Washington, DC)
  38. Georgetown Capital Partners (Greater Washington DC)
  39. Greenspring Associates (Owings Mills, MD)
  40. Grosvenor Funds (Washington, DC)
  41. Grotech Ventures (Vienna, VA)
  42. Harbert Venture Partners (Richmond, VA)
  43. Hercules Technology Growth Capital (McLean, VA)
  44. IMS Ventures (Alexandria, VA)
  45. Industry Ventures (Alexandria, VA)
  46. In-Q-Tel (Arlington, VA)
  47. JMI Equity (Baltimore, MD)
  48. K-Street Capital (Washington, DC)
  49. Leaf Clean Energy (Washington, DC)
  50. Liquid Capital Group (McLean, VA)
  51. LLR Partners (Washington, DC)
  52. Medimmune Ventures (Gaithersburg, MD)
  53. Middle Bridge Partners (Washington, DC)
  54. Middleland Capital (Washington, DC)
  55. Militello Capital (Leesburg, VA)
  56. Multiplier Capital (Chevy Chase, MD)
  57. NaviMed Capital (Arlington, VA)
  58. New Atlantic Ventures (Reston, VA)
  59. New Dominion Angels (Greater Washington DC)
  60. New Enterprise Associates (Chevy Chase, MD & Timonium, MD)
  61. New Markets Venture Partners (Fulton, MD)
  62. NewSpring Capital (Bethesda, MD & Towson, MD)
  63. New Vantage Group (Greater Washington DC)
  64. NextGen Angels (Greater Washington DC)
  65. NextPoint Partners (Washington, DC)
  66. Novak Biddle Venture Partners (Bethesda, MD)
  67. ORIX Ventures (Chevy Chase, MD)
  68. OS Fund (Washington, DC)
  69. Paladin Capital Group (Washington, DC)
  70. QED Investors (Alexandria, VA)
  71. Razor’s Edge Ventures (Herndon, VA)
  72. Red Abbey Venture Partners (Baltimore, MD)
  73. Revolution LLC (Washington, DC)
  74. Rock Springs Capital (Baltimore, MD)
  75. Route 66 Ventures (Alexandria, VA)
  76. Sail Capital Partners (Arlington, VA)
  77. Savano Capital Partners (Baltimore, MD & Chevy Chase, MD)
  78. Sinewave Ventures (Washington, DC)
  79. SWaN & Legend Venture Partners (Leesburg, VA)
  80. TEDCO Capital Partners (Columbia, MD)
  81. TDF Ventures (Chevy Chase, MD)
  82. Third Security (Redford, VA)
  83. Toucan Capital (Bethesda, MD)
  84. T. Rowe Price (Baltimore, MD)
  85. Quona Capital (Washington, DC)
  86. Updata Partners (Washington, DC)
  87. Valhalla Partners (Vienna, VA)
  88. Ventana Capital (Reston, VA)
  89. Vital Venture Capital (Bethesda, MD)
  90. Working Lab Capital (Washington, DC)
Washington DC’s Venture Capital Community — All 90 of Them. (2024)

FAQs

What is the VC community? ›

The Venture Capital (VC) community is a group of investors who provide capital to startup companies and small businesses with high growth potential.

What percentage do venture capitalists take? ›

Venture capitalists make money from the carried interest of their investments, as well as management fees. Most VC firms collect about 20% of the profits from the private equity fund, while the rest goes to their limited partners. General partners may also collect an additional 2% fee.

How many venture capital firms are there in the US? ›

More firms are getting into venture capital

From 2008 to 2022, the number of venture capital firms increased from about 1,000 to a little over 4,000, a 300% increase.

What are the top 5 venture capital firms in the US? ›

The United States is home to some of the most active venture capital firms in the world. Among them are Andreessen Horowitz, Greylock Partners, Kleiner Perkins Caufield & Byers, Accel Partners, and Sequoia Capital. These five VCs have been among the top funding sources for early-stage companies in recent years.

Who are the Tier 1 VCs? ›

Tier-1 VC
  • Andreesen Horowitz.
  • Khosla Ventures.
  • SV Angel.
  • Accel Partners.
  • NEA.
  • Sequoia.
  • Venrock.
  • First Round Capital.

How does a VC make money? ›

VCs make money in two ways. Venture capitalists make money in two ways. The first is a management fee for managing the firm's capital. The second is carried interest on the fund's return on investment, generally referred to as the “carry.”

Where do VC funds get their money? ›

Pension Funds - A CApital Source for the Biggest VCs

Pension funds include anything from the California teacher's pensions to the big state pension funds. UTIMCO is one, the University of Texas/Texas A&M University pension fund is a big one that's active in venture capital.

Who funds VC funds? ›

Investors in venture capital funds are typically very large institutions such as pension funds, financial firms, insurance companies, and university endowments—all of which put a small percentage of their total funds into high-risk investments.

Do VC firms beat the market? ›

Venture Capital generally outperforms every other asset class but the dispersion of returns is wider in venture than anywhere else 2. Half of all VC funds (supposedly) beat the stock market while bottom quartile funds almost surely lose money 3. The Average VC fund is...

Do VCs beat the market? ›

Several articles and research papers have been published on the PME and the comparison of VC versus public stock performance. These studies often show that top-tier Venture Capital funds outperform public markets, while the median or average VC fund may underperform.

What is the average fee for venture capital? ›

Venture management fees are generally calculated as a percentage of the committed capital in the fund. They are commonly set between 1% to 2.5%. In other words: if a fund has $100 million in committed capital and charges a 2% management fee, the fee would amount to $2 million annually.

Which state has the most venture capital? ›

More than half of all venture capital funding flows to just two states: California (40.2%) and New York (12.3%). But on a relative basis, Massachusetts leads the nation with $32,800 in VC funding per $1 million in state GDP.

Which city has the most venture capital? ›

1. San Francisco. Unsurprisingly, San Francisco is the biggest venture capital market in the United States, with over $35 billion in venture capital invested in the area in 2023.

Who is the top VC in North America? ›

Andreessen Horowitz (a16z) tops our ranking. The VC has backed over 1,600 deals to startups since its founding in 2009, participating in 154 since 2023 (as of 2/21/2024). It has 101 current unicorns (private companies valued at $1B+) in its portfolio, 69 of which it backed before they hit unicorn status.

What is the largest venture capital firm in the US? ›

The largest venture capital firm in the U.S. is Andreessen Horowitz, with an AUM of $35.9 billion. As of 2022, the U.S. venture capital industry has a market size of $63 billion.

Is SoftBank the largest VC? ›

It is best known for the SoftBank Vision Fund, the world's largest venture capital fund focused on technology businesses. SoftBank is also one of the largest publicly traded companies in Japan. Although Japanese, the company manages capital for clients worldwide, including several Middle Eastern sovereign wealth funds.

Is BlackRock a venture capital? ›

Blackrock Ventures offers services to companies exploring financing, expansion and potential suitability to be listed on suitable North American and Australian stock markets. Introductions to Venture Capitalist and Investment Banks. Potential Board Members and recruitment of key players.

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