The Magnificent 7 are in 45% of 2026’s venture dollars
Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla took part in 188 venture rounds in the first nine months of 2026. Those rounds raised $308 billion between them — 45% of all the venture capital raised worldwide, out of 1.3% of all rounds. Four deals account for $237 billion of it.
Nvidia is now the biggest venture investor of the Magnificent 7
Rounds joined by more than one of the Magnificent 7 are split between them, so the columns total the money actually raised.
Source: Dealroom.co
Four rounds are the reason the money moved: OpenAI at $122bn, Anthropic twice at $65bn and $30bn, and xAI at $20bn. Together they are $237 billion of this year’s $308 billion.
Deal count tells a different story from deal value, and it is the one that separates the seven from each other.
Nvidia went from one venture round a year to eighty-five
Venture rounds joined by each of the Magnificent 7. A round joined by two of them counts once for each.
Source: Dealroom.co · 2026 projected from January–August · Each company counted across all its investment vehicles
The Magnificent 7 have joined 53 rounds of $1bn or more since 2023
Source: Dealroom.co
The seven are a stock-market grouping, not a dealmaking one. Three of them barely invest at all.
Only four of the Magnificent 7 take part in VC rounds
Apple, Meta and Tesla have joined 13 rounds between them since 2023. Alphabet has joined 496.
| Company | 2026 YTD | 2025 | Busiest year | Rounds since 2013 | Companies acquired | Investment vehicles counted |
|---|
Source: Dealroom.co · Accelerator and support programmes are excluded
What changed since 2024
Dealroom’s May 2024 report on the Magnificent 7 said major acquisitions were “basically off the table” under regulatory scrutiny, and that the seven were dominating venture rounds instead. The first half of that no longer holds: they bought 26 companies in 2026, against 56 in 2013, but at prices a decade ago would not have cleared.
Twelve Magnificent 7 acquisitions above $1bn since 2024
Each tile is one deal, sized by price and coloured by which of the seven bought it.
Source: Dealroom.co · Meta’s Scale purchase was a 49% stake
What this means
The concentration is in the dollars, not the deals. Four rounds carry $237 billion of this year’s $308 billion, so the 45% figure describes a handful of AI companies raising at a scale nobody else can match, financed in large part by the firms that also sell them compute.
Underneath that, the seven are diverging. Alphabet runs the largest venture operation of any company in the world, across sixteen vehicles, and still leads on deal count. Nvidia built one from almost nothing in three years and now deploys the most money. Amazon has held flat on deal count. Microsoft’s has more than halved since 2021, even as it wrote the single largest cheques. Apple, Meta and Tesla are not really in this business.
And the acquisition freeze has ended. Alphabet bought Wiz for $32 billion, Nvidia bought Groq for $20 billion and Hugging Face for $12.9 billion, Amazon bought Globalstar for $11.6 billion.