Other notable investors included General Catalyst, Google Ventures, NEA, Point72 Ventures, Sequoia Capital, and SignalFire, each with five deals. Eldridge and 3L Capital led the highest dollar amounts for the month, co-leading a $1.7 billion deal with parking startup Metropolis. The top investing incubators and accelerators were Elemental Excelerator with 11 deals and Y Combinator with 9 deals.
Key takeaways:
- In October, California’s Khosla Ventures and Vermont-based Gaingels were the most and second-most active investors in U.S.-based companies, respectively.
- Gaingels made 14 deals, with the biggest round being a $16 million Series A for New York-based Modal Labs. Khosla Ventures made 10 deals, with the largest being a $43.5 million Series A for micro-LED display developer Mojo Vision.
- Andreessen Horowitz and Index Ventures were also active, with 8 and 6 deals respectively. Andreessen Horowitz participated in a $125 million Series C for mental health startup Headway, while Index Ventures led a seed round for Class Companion.
- Six firms tied for next on the list with five deals each: General Catalyst, Google Ventures, NEA, Point72 Ventures, Sequoia Capital and SignalFire. Google Ventures led or co-led the most rounds with four deals.