The 6 most active VC investors in IoT
These days it seems like everything is internet connected, for better or worse. There are doorbells that allow homeowners to remotely keep an eye on their homes; refrigerators with built-in screens for watching the news or playing games; and even a connected box designed to automate the cannabis growing process.
Questionable products aside, IoT has exploded recently, with 844 VC investors participating in at least one deal backing an IoT company since 2010. Last year’s 191 completed deals set a record for deal flow and represented about $1.22 billion of invested capital. Interestingly, three of the top six investors in the space are CVCs.
Here are the most active VC investors in IoT, along with their investment counts:
1. Intel Capital (17)
T-2. Kleiner Perkins Caufield & Byers (12)
T-2. Cisco Investments (12)
4. New Enterprise Associates (11)
T-5. Qualcomm Ventures (10)
T-5. Kima Ventures (10)