The Internet of Things continues to connect our physical and digital worlds, creating huge opportunities for founders. The right venture capital partner can provide the fuel to turn a great idea into a category-defining company. Firms on our list are writing plenty of checks, with some like SOSV making nearly 2,800 investments and Plug and Play backing over 2,200 startups. Others, such as Cisco Investments, have guided nearly 80 companies to successful exits.
Below is our list of the best 49 IoT VC firms.
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Buy It For $97 $297 →Alumni Ventures opens up venture capital to accredited investors through alumni-focused and thematic funds, co-investing alongside established firms in companies at all stages. This model offers investors the flexibility to back entire funds or handpick individual deals from a portfolio that includes Fis, Blockfi, and Simplisafe.
| Headquarters | Manchester, New Hampshire, United States |
| Year Founded | 2014 |
| Founders | Luke Antal, Michael Collins, Michael Madden |
| Total Funding | $1B |
| Average Check Size | $1M |
| Industries | AI & ML, AR & VR, Consumer, Cybersecurity, Fintech, Food & Beverage, Healthcare, Industrial, IoT, Life Sciences, Proptech & Real Estate, SaaS, Climate & Sustainability, Transportation, Media, Manufacturing |
| Investment Stage | Convertible Note, Early Stage, Initial Coin Offering, Late Stage, Seed |
| Nº of Investments | 2156 (545 as Lead Investor) |
| Nº of Exits | 206 (24 IPO'd) |
| Top Portfolio Startups | Fis, Blockfi, Simplisafe |
| Contact | info@av.vc / +1 603-518-8112 |
Through its global innovation platform and accelerator programs, Plug and Play connects early-stage startups with corporations and investors across dozens of industries. This ecosystem fosters collaboration between emerging companies and established enterprises, helping to scale businesses like Honey, Truebill, and Life360.
| Headquarters | Sunnyvale, California, United States |
| Year Founded | 2006 |
| Founders | Ali Safavi, Jackie Hernandez, Jojo Flores, Saeed Amidi |
| Total Funding | $45.5M |
| Average Check Size | $250k |
| Industries | DTC, Enterprise, Fintech, Food & Beverage, Healthcare, InsurTech, IoT, Media, Transportation, Hardware, Proptech & Real Estate, Supply Chain & Logistics, Climate & Sustainability, Travel & Hospitality, Agriculture, Energy |
| Investment Stage | Early Stage, Non Equity Assistance, Private Equity, Seed, Series A, Series B, Series C |
| Nº of Investments | 2273 (259 as Lead Investor) |
| Nº of Exits | 206 (11 IPO'd) |
| Top Portfolio Startups | Truebill, Honey, Life360 |
| Contact | press@pnptc.com / +1 408-524-1400 |
IQ Capital backs European deep tech founders who are turning scientific breakthroughs into global companies. Since 2005, the firm has provided early-stage capital to over 100 teams, helping them build enduring businesses in sectors like AI and big data.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2005 |
| Founders | Ed Stacey, Kerry Baldwin, Max Bautin |
| Total Funding | £125M |
| Average Check Size | £10M |
| Industries | AI & ML, IoT, Cybersecurity, Big Data & Analytics, Fintech, InsurTech, Healthcare, SaaS, Marketplace |
| Investment Stage | Early Stage, Seed, Series A, Growth |
| Nº of Investments | 169 (54 as Lead Investor) |
| Nº of Exits | 19 (2 IPO'd) |
| Top Portfolio Startups | Optellum, Boltzbit, Secretarium |
| Contact | hello@iqcapital.vc / +44 (0) 1223 345 616 |
Breega backs early-stage founders from pre-Seed to Series A+ in the Digital, Climate, and Deep Tech sectors across Europe and Africa. More than just investors, their team of former entrepreneurs provides hands-on operational support in hiring, sales, and strategy to help companies like Exotec and Moneybox grow.
| Headquarters | Paris, Ile-de-France, France |
| Year Founded | 2013 |
| Founders | Ben Marrel, Francois Paulus, Maximilien Bacot |
| Total Funding | €465M |
| Average Check Size | €15M |
| Industries | Advertising, Agriculture, Consumer, Cybersecurity, Fintech, Hardware, Healthcare, IoT, Human Resources, InsurTech, Supply Chain & Logistics, Marketing, Productivity, Mobility, Proptech & Real Estate, Quantum Computing |
| Investment Stage | Convertible Note, Early Stage, Seed, Series A |
| Nº of Investments | 134 (97 as Lead Investor) |
| Nº of Exits | 17 |
| Top Portfolio Startups | WayKonect, Ponicode, Lylo |
| Contact | com@breega.com / +33 7 67 41 36 24 |
Focusing on deep tech for human and planetary health, SOSV backs early-stage startups through its development programs. Founders join either HAX for hardware engineering or IndieBio for lab-based development, receiving intensive support to prepare for their next round of funding.
| Headquarters | Princeton, New Jersey, United States |
| Year Founded | 1995 |
| Founders | Sean O'Sullivan |
| Total Funding | $527M |
| Average Check Size | $250k |
| Industries | Health & Wellness, Deep Tech & Hard Science, E-Commerce, Consumer, IoT, SaaS, Robotics, AI & ML, Fintech, Healthcare, Media, Crypto & Blockchain, Climate & Sustainability, Advertising |
| Investment Stage | Early Stage, Seed, Pre-Seed, Series A, Series B, Series C, Growth |
| Nº of Investments | 2796 (1139 as Lead Investor) |
| Nº of Exits | 87 (9 IPO'd) |
| Top Portfolio Startups | Roadie, Leap Motion, Motiv |
| Contact | hello@sosv.com |
As Cisco's venture capital arm, they invest across all stages in strategic areas like cloud, enterprise, and cybersecurity. Their global team of technology experts helps portfolio companies scale and build toward successful acquisitions or IPOs.
| Headquarters | San Jose, California, United States |
| Year Founded | 1993 |
| Founders | Leonard Bosack, Sandy Lerner |
| Total Funding | $220M |
| Average Check Size | $50M |
| Industries | Cloud, Enterprise, IoT, Productivity, Developer Tools, Cybersecurity |
| Investment Stage | Debt, Early Stage, Late Stage, Seed |
| Nº of Investments | 216 (40 as Lead Investor) |
| Nº of Exits | 78 (12 IPO'd) |
| Top Portfolio Startups | Island, Hycu, Theta Lake |
GoAhead Ventures supports pre-seed and seed stage founders globally with a founder-friendly process. To break the traditional venture capital mold, they provide a funding decision the day after a partner pitch and lead approximately 40 deals per year.
| Headquarters | Menlo Park, California, United States |
| Year Founded | 2015 |
| Founders | Clancey Stahr, Phil Brady, Takeshi Mori |
| Total Funding | $120M |
| Average Check Size | $1M |
| Industries | AI & ML, AR & VR, Transportation, Cybersecurity, Healthcare, E-Commerce, Education, IoT, Life Sciences, Gaming, Food & Beverage, Supply Chain & Logistics, SaaS, Proptech & Real Estate, Marketplace, Automotive |
| Investment Stage | Early Stage, Seed, Pre-Seed |
| Nº of Investments | 73 (38 as Lead Investor) |
| Nº of Exits | 7 |
| Top Portfolio Startups | Deskfirst, Omnisearch, Cake |
| Contact | pitch@goaheadvc.com / (650) 275-2465 |
Operating as Europe's seed fund, they invest early in founders using technology to solve problems on a global scale. Their portfolio includes breakout businesses like Revolut, Wise, and Hopin, which receive smart capital and access to a lifelong support community.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2007 |
| Founders | Reshma Sohoni, Saul Klein |
| Total Funding | £78M |
| Average Check Size | £500k |
| Industries | SaaS, Robotics, AI & ML, Crypto & Blockchain, Cloud, Infrastructure, Big Data & Analytics, Developer Tools, E-Commerce, Education, Future of Work, Fintech, Productivity, Gaming, Human Resources, InsurTech, IoT, Marketing, Advertising, Marketplace, Media, Creator Economy, Proptech & Real Estate, Cybersecurity, Social, Travel & Hospitality |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 644 (88 as Lead Investor) |
| Nº of Exits | 77 (2 IPO'd) |
| Top Portfolio Startups | Hopin, Wise, Revolut |
| Contact | info@seedcamp.com / +44 2071939242 |
Sozo Ventures provides capital to US-based technology startups, supporting them from the earliest seed stages through to post-IPO. Their cross-border model is designed to connect ambitious teams with respected customers and distributors around the world.
| Headquarters | Redwood City, California, United States |
| Year Founded | 2012 |
| Founders | Koichiro Nakamura, Phil Wickham |
| Industries | E-Commerce, Enterprise, Cloud, Fintech, IoT, Healthcare |
| Investment Stage | Early Stage, Late Stage, Post-Ipo, Private Equity, Seed, Pre-Seed |
| Nº of Investments | 68 (18 as Lead Investor) |
| Nº of Exits | 12 (6 IPO'd) |
| Contact | (650) 362-3553 |
Global Founders Capital backs founders across the globe at every stage, from pre-seed concepts to later-stage expansion. The firm's portfolio includes major successes like Meta, Rocket Internet, and LinkedIn, demonstrating its ability to help companies scale effectively.
| Headquarters | Berlin, Berlin, Germany |
| Year Founded | 2013 |
| Founders | — |
| Total Funding | $1.6B |
| Industries | Consumer, SaaS, Enterprise, Internet & Mobile, IoT, E-Commerce, Productivity, Supply Chain & Logistics, InsurTech |
| Investment Stage | Early Stage, Private Equity, Seed, Pre-Seed |
| Nº of Investments | 1008 (255 as Lead Investor) |
| Nº of Exits | 116 (10 IPO'd) |
| Top Portfolio Startups | Meta, Rocket Internet, LinkedIn |
| Contact | contact@globalfounderscapital.com |
39 Additional IoT VC Firms Worth Pitching
The firms we've highlighted are just the beginning. These additional investors have collectively backed over 6,100 startups and guided nearly 1,000 to an exit. While many are based in North America, you'll find active VCs from Europe to Asia. Here’s a look at the other venture capital firms funding what's next in IoT.
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