blob, VCJ 50 2022 cover

The VCJ 50 is growing like a creature from outer space

The world’s 50 largest venture firms collectively raised $309.2 billion from the start of 2017 to mid-2022. That’s a 46 percent increase from our 2021 ranking and an 88 percent jump from the inaugural list in 2020.

The 10 largest firms grew at an even faster clip. That group raised a cumulative $172.9 billion over five years, up 65 percent from last year’s total and more than double the 2020 sum. As a percentage of this year’s VCJ 50, the top 10 accounted for 56 percent of the pie, up from about half of each of the two prior years.

For the third year in a row, New York growth investor Insight Partners ranked number one on our list with a fundraising haul of $38.7 billion. That is double the amount the firm raised for our inaugural list in 2020 and 2.4 times bigger than its 2021 total.

The biggest riser on this year’s list was Bain Capital Ventures, which shot up eight places from number 29 to 21. Four other firms rose four places: General Catalyst (from 13 to 9), Founders Fund (14 to 10), Qiming Venture Partners (17 to 13) and Menlo Ventures (41 to 37).

The big question is what will next year look like? Will the blob keep growing or will LPs pull back? Many have found themselves over-allocated to alternative assets because the value of their public holdings has plummeted.

One thing is certain: the firms that have been successful with fundraising are happy they didn’t wait. Says Arif Janmohamed, a partner with Lightspeed Venture Partners (5): “We were lucky to have begun our conversations late last year, well before the decline in global financial markets, so the denominator effect hadn’t [kicked in yet].”

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OTHER RANKINGS

In addition to the VCJ 50, our sister titles also produce their own industry rankings covering private equity, infrastructure investing and private debt.

To view the latest rankings from PERE, Private Equity InternationalInfrastructure Investor and Private Debt Investor, simply navigate through the sections below:

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