Investor follow-on scorecards
Share of each investor's portfolio companies that raised a later round within the window. Only investors with at least 10 eligible companies are shown.
| Investor | Eligible companies | Followed | 24-month follow-on rate (recorded rounds) | Median to next round |
|---|---|---|---|---|
| Y Combinator | 15 | 3 | 20% | 18.2 months |
| Andreessen Horowitz | 10 | 3 | 30% | 18.9 months |
| QED Investors | 10 | 1 | 10% | 11.7 months |
Download the scorecards (CSV, CC BY 4.0)
How this is computed
How investor scorecards work
A scorecard shows how often an investor comes back: the share of companies it backed that raised again with the same investor within 24 months.
How it's computed - For each investor, we take the companies where it took part in a recorded round (the "entry"). - A company becomes eligible once 24 months have passed since that entry. - It counts as a follow-on if the same investor appears in a later recorded round of that company, at least 60 days after the entry and within those 24 months. - The rate is follow-ons divided by eligible companies. Scorecards are shown only for investors with at least [N] eligible companies.
What to keep in mind - The data covers public funding announcements captured by Builders in Fintech since November 2023, so an "entry" may itself be a follow-on of an earlier round we didn't record. - Rounds we missed lower the rate, so true follow-on rates are likely higher. - Only equity rounds count. Debt, fund closes, grants and IPOs are excluded. - The scorecards table is sorted by the number of eligible companies, not by rate, because small samples produce extreme rates.