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 Trellner, a monthly data magazine covering AI search, startups, software and media, published by Trellner Research. Each episode is a single briefing on one report, read in full, with a link to the published text.