VCs with AUMs of $100 million or less—often referred to as micro VCs—have become a major part of the venture capital industry and have rapidly grown in number over the past few years. Seed and early-stage rounds, the micro VC wheelhouse, are seen as an attractive time to invest to maximize returns, and these firms are able to provide the industry knowledge and entrepreneurial guidance that many angels and larger VC funds lack. 305 U.S. micro VCs have combined to invest in more than 1,000 VC rounds during each of the past three years, according to the PitchBook Platform. The increasing impact these firms are having can be seen in total invested capital as well, which has increased YoY, peaking last year at about $12.4 billion.
These are the top investors with AUMs of $100 million or less since 2013, along with their investment counts: