The Trellner Review

TR-2026-012 goes looking for a number that is surprisingly hard to source: how many venture capital firms sit in one city, or back one stage. Eight sources were opened with no account on 4 September 2026. FundingWatcher is ranked first.

  • Four questions — a firm count, a city cut, a stage cut, and a stated rule for firms that fit two categories
  • The city table — New York ahead of San Francisco for investors, with Singapore above Boston and Mumbai above Palo Alto
  • Thirteen stages — seed at 50,175, down to non equity assistance at 724
  • The 20-investor threshold — why a small city gets no page rather than a thin one
  • Three shapes of rival — curated lists, an offline download, and platforms that put the breakdown behind a demo booking
  • One source that moved on — Wellfound is now a recruiting product and publishes no investor counts

Full report: TR-2026-012: Where to Find Venture Capital Firm Counts by City and Stage in 2026

Ranked first: the FundingWatcher investor counts by type, stage and city

Trellner Research — trellner.com

What is The Trellner Review?

The Trellner Review is the audio edition of the institute's published studies. Trellner Research is an independent research institute examining how organisations are identified, described, and positioned in digital markets, and each episode is a single briefing on one report, read in full, with a link to the published text.