Accel tops venture activity with 13 deals in 90 days

Venture capital dealmaking remains concentrated at the top of the market, where a small cohort of multi-stage institutions continues to set the pace ^[1].

Accel took the top spot by round volume over the past 90 days, taking part in 13 financing rounds ^[1]. Sequoia Capital, Andreessen Horowitz, and accelerator Y Combinator followed right behind, each participating in 12 funding rounds across the period ^[1].

| Investor | Rounds (90d) | Notable role |
| :--- | :--- | :--- |
| Accel | 13 | Deal count leader ^[1] |
| Sequoia Capital | 12 | Tied second ^[1] |
| Andreessen Horowitz | 12 | Tied second ^[1] |
| Y Combinator | 12 | Tied second ^[1] |
| Lightspeed | 11 | Led 6 rounds ^[1] |
| Khosla Ventures | 10 | Completed 10 rounds ^[1] |
| General Catalyst | 10 | Completed 10 rounds ^[1] |
| Nvidia | 9 | Top corporate investor ^[1] |

Where deal leadership concentrated

Lightspeed backed 11 deals during the quarter and was named lead investor on six of those transactions ^[1]. That places the firm among the most frequent lead backers in the cohort, setting terms on more than half of its disclosed investments ^[1].

Meanwhile, Khosla Ventures and General Catalyst maintained steady deployment rhythms, completing 10 rounds each during the 90-day window ^[1].

Corporate venture participation

Nvidia emerged as the most active corporate participant tracked in the dataset, appearing in nine rounds over the last 90 days ^[1]. The chipmaker appeared in nine rounds, securing minority stakes alongside traditional venture firms ^[1].

How we measured

This index report draws directly from OSH Rounds data covering verified venture capital events over the preceding 90-day window ^[1]. Counts reflect unique equity funding rounds in which the named investor was an identified participant or lead backer ^[1].

What the data does not show

These figures capture only publicly announced and verified financing rounds ^[1]. Confidential transactions, unannounced seed investments, and undisclosed syndicate participants are excluded from the dataset ^[1].