VC Firms in San Francisco
24 venture capital firms are on this list. Of those that report private fund gross assets from a main office in the San Francisco Bay Area, Andreessen Horowitz (a16z) is the largest: $106.5 billion through A16z Capital Management, L.L.C. (filed ).
Sequoia Capital follows with $82.2 billion. The 18 firms counted report $267.9 billion together; the ten largest hold 99% of it, and half report less than $1.3 billion.
Updated . Rechecked quarterly; next check . Figures read , as filed to .
- $25BN and over85%3 firms
- $10BN to $25BN8%1 firm
- $5BN to $10BN3%1 firm
- $1BN to $5BN3%5 firms
- $500MM to $1BN1%3 firms
- Under $500MM0%5 firms
Latest Form ADV of each, filed Mar 2026 to Sep 2026. Read ; sources at the end of the page.
- Venture capital firms listedList of October 2026; 23 are venture capital firms and 1 is an investment firm
- 24
- Combined fund assets18 counted; as filed to Sep 2026
- $267.9BN
- Median firmHalf of the 18 report less
- $1.3BN
- Held by the ten largestOf the $267.9BN combined
- 99%
Andreessen Horowitz (a16z), Sequoia Capital and Accel Partners lead the San Francisco venture capital firms by fund assets
The ten largest by private fund gross assets on their latest Form ADV. Together they report $264.6BN, 99% of the $267.9BN the 18 counted report.
- 1
Andreessen Horowitz (a16z)
Venture capital firm, Menlo Park, CA
- 2
Sequoia Capital
Venture capital firm, Menlo Park, CA
- 3
Accel Partners
Venture capital firm, Palo Alto, CA
- 4
Khosla Ventures
Venture capital firm, Menlo Park, CA
- 5
Top Tier Capital Partners
Venture capital firm, San Francisco, CA
- 6
Pinegrove Opportunity Partners
Venture capital firm, San Francisco, CA
- 7
Cota Capital Management
Venture capital firm, San Francisco, CA
- 8
Fin Capital
Venture capital firm, San Francisco, CA
- 9
Factorial Funds Management
Venture capital firm, San Francisco, CA
- 10
Framework Ventures
Venture capital firm, San Francisco, CA
Gross assets of the private funds each adviser reported in its latest Form ADV. Each pin opens the filing behind the figure; the ranking rule and sources are at the end of the page. Read .
One firm holds 40% of the fund assets
How the 18 firms counted spread by size: most are small, the dollars sit at the top.
One dot per firm counted; 4 firms with a main office outside San Francisco, a second row for the same adviser or only fund assets left out. Read .
Fund assets each reported in its latest filing; shares are of the $267.9BN combined, one row per firm. Read .
40%
of the fund assets reported sits with one firm, Andreessen Horowitz (a16z). The five largest hold 96%; 8 of 18 report under $1 billion.
- Venture capital firms23
- Investment firm1
Kind of each, from its own website and filings, checked October 2026.
- San Francisco18
- Menlo Park4
- Palo Alto1
- Redwood City1
Main office on each firm's Form ADV.
Leaders beyond the ranking
Figures the main ranking does not compare: the largest holdings of US listed stocks, most active in private offerings, most private funds.
| Rank | Name | Figure |
|---|---|---|
| 1 | Andreessen Horowitz (a16z) | $14.2BNQ2 2026 |
| 2 | 5AM Ventures | $288MMQ2 2026 |
| 3 | CRCM | $152MMQ2 2026 |
3 firms counted here report listed stocks for a 2026 quarter.
| Rank | Name | Figure |
|---|---|---|
| 1 | Pinegrove Opportunity Partners | 42 issuers |
| 2 | Sequoia Capital | 42 issuers |
| 3 | Framework Ventures | 22 issuers |
| 4 | Fin Capital | 11 issuer |
| 5 | Founders Fund | 11 issuer |
| 6 | Khosla Ventures | 11 issuer |
Counts notices, new and amended, filed by issuers whose name begins with the name; offering amounts are not shown.
| Rank | Name | Figure |
|---|---|---|
| 1 | Andreessen Horowitz (a16z) | 119Mar 2026 |
| 2 | Accel Partners | 83Mar 2026 |
| 3 | Sequoia Capital | 60Jul 2026 |
| 4 | Top Tier Capital Partners | 42Sep 2026 |
| 5 | Stonks Advisors | 39Jul 2026 |
| 6 | Khosla Ventures | 31May 2026 |
| 7 | Factorial Funds Management | 25Mar 2026 |
| 8 | Fin Capital | 21Aug 2026 |
The list is public. The warm path is not. Schedule a conversation
All 24 venture capital firms
A to Z, with each firm's private fund gross assets, private funds, listed stocks and fund offerings, each with a pin to its filing; firms with no figure show the interests they state on their own sites.
Showing all 24 firms
The first 30 are shown here; find, a kind or a size shows every match.
No row matches. Clear the find field or choose All.
Fund assets are the gross assets of the private funds in the adviser's latest Form ADV (solid bar; grey when the firm is not in the totals). Listed stocks are the US listed securities a firm reports each quarter; fund offerings count the private offering notices of funds named for the firm in two years. Each pin opens the filing behind the figure. The square beside a name opens every figure with its filing and notes.
One firm holds 40% of the money
Six findings from the filings of the 18 firms counted.
- 40%
of the $267.9 billion the 18 firms counted report is one firm's: Andreessen Horowitz (a16z). Without it, the other 17 report $161.4 billion.
Fund assets, latest Form ADV of each; sums of filed figures
- $1.3BN
is the median: half of the 18 report less, and 8 report under $1 billion.
Fund assets, latest Form ADV of each
- 506
private funds are advised by the firms counted; Andreessen Horowitz (a16z) advises the most, 119.
Private funds on each Form ADV (Schedule D); sums of filed figures
- $14.7BN
of US listed stocks reported by 3 firms counted for a 2026 quarter; the largest, Andreessen Horowitz (a16z), reported $14.2 billion.
Quarterly listed stock reports (Form 13F), 2026
- 13
private offering notices in two years were filed by funds and vehicles named for 6 firms; Pinegrove Opportunity Partners leads with 4.
Private offering notices, to
- 14
of the 18 have their main office in San Francisco; the next place is Menlo Park, with 3.
Main office on each Form ADV
Questions
How many venture capital firms are there in San Francisco?
This list holds 24 venture capital firms in the San Francisco Bay Area; 18 of them report private fund gross assets on Form ADV, $267.9 billion together.
What are the largest venture capital firms in San Francisco?
By the private fund gross assets they report: Andreessen Horowitz (a16z) $106.5 billion, Sequoia Capital $82.2 billion, Accel Partners $38.0 billion, Khosla Ventures $21.7 billion, Top Tier Capital Partners $7.4 billion.
How much do venture capital firms in San Francisco typically manage?
Of the 18 that report, the median reports $1.3 billion in private fund gross assets; 8 report under $1 billion.
How do you start a relationship with venture capital firms in San Francisco?
Each firm on this page links to its own website, and each figure carries a pin that opens the public filing it comes from. For fund managers and companies raising capital, Praxis Rock runs capital formation programs; see Raise Capital.
Sources and method
- Who is listed
- 24 venture capital firms, 23 are venture capital firms and 1 is an investment firm, as researched for this list; no row leaves the list.
- Ranking rule
- The top 10, every total, share and median, the charts and the answers to the questions use one set: the 18 advisers that report private fund gross assets in their latest SEC Form ADV, with a main office in the San Francisco Bay Area, that the filing itself ties to the row (the CRD the list cites, or the row's own website in Item 1.I), one figure per adviser. A name match with no such tie is shown in the row's detail only, never ranked or counted.
- Our arithmetic
- The $267.9BN, the median, shares, charts and boards are sums and medians of filed numbers over that one set; 4 firms with a figure outside it stay listed with the figure and the reason.
- Pins
- Each figure's pin opens the filing it comes from: the adviser's Form ADV as filed, or the SEC filing index of its 13F report or of the latest private offering notice (Form D). The pin's label names the source and its date.
- What we searched
- On we searched every firm by its website against the websites advisers list on Form ADV, by the CRD the list cites, by name for Form ADV, and by every CIK found for 13F reports, and searched private offering notices for funds named for it. Of the 24, 22 report on a current Form ADV, 7 file 13F reports (4 for a 2026 quarter with a value), 7 have funds named for them in private offering notices, and 2 more show a possible match by name only in their detail, not counted.
- Words
- Kinds and interests are each firm's own, from its website. No person names are shown.
| Figure | Source | Period, read |
|---|---|---|
| Assets, private funds, client types, main office, employees | SEC Form ADV adviser data, October 2026 report, and each adviser's Form ADV as filed, 22 advisers | Filings to 2026-10-01; read 2026-10-30 |
| Listed stocks | SEC EDGAR Form 13F, 7 filers | Latest quarter; read 2026-10-30 |
| Private offering notices of funds named for a firm | SEC EDGAR full text search, Form D and D/A | 2024-10-30 to 2026-10-30 |
| Kind, interests and website | Each firm's own website, as researched for this list | Checked 2026-10-30 |
| Logos | Each firm's own website; a monogram where none checks | Read 2026-10-30 |
Cite as: Praxis Rock Advisors, "VC Firms in San Francisco," updated October 30, 2026, praxisrock.com/resources/investors/vc-firms-san-francisco