F4 Champions · Season 1
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F4 Champions · Season 1
You're researching investors. We want to see what you're building.
Join the open accelerator where your standing changes with what you ship. Enrollment closes August 2.
7 VC firms investing in enterprise software and insurance at the Growth stage.
F4 Fund tracks 7 VC firms that actively invest in enterprise software + insurance at the Growth stage, with check sizes ranging from $1M – $500M (median: $30M – $30M). As of July 2026, and 86% lead or co-lead rounds. Rankings are based on F4's proprietary analysis of 1,539+ researched VC firms, scored by data completeness, portfolio depth, investment recency, and stage alignment.
| # | Firm | Check Size | Portfolio | Leads? | Activity | Decision | Intro |
|---|---|---|---|---|---|---|---|
| 1 | ▶ Council Capital Achieve strong investment returns by investing in EBITDA-positive, founder-led healthcare companies that improve healthcare delivery. Apply the CEO Council Model — 34 senior healthcare operators who have personally invested $140M+ — to unlock growth through relationships, strategic insights, and hands-on value creation. Nashville | $10M – $50M | 25 | Leads | Active | ~2 mo | Open |
| 2 | ▶ Caffeinated Capital Support founders pursuing their life's work with an alternative to the hype cycle: the luxury of long-term thinking. We support founders building category-defining companies across all sectors that will last for lifetimes. San Francisco | $1M – $5M | 18 | Leads | Active | N/A | N/A |
| 3 | ▶ R136 Ventures Identifies inflection points through proprietary Discovery Engine and backs founders who see opportunities others miss. Focuses on AI-driven transformation of B2B software and financial services, with deep technical due diligence analyzing 250+ data points. Woodside, CA | $2M – $20M | 42 | Both | Active | ~1 mo | Open |
| 4 | ▶ TCV Identify innovators capturing shifts in technology and behavior that reshape their industries, and empower mission-driven teams toward market-leading scale through a partnership-driven, long-term growth-equity approach. Menlo Park | $10M – $500M | 37 | Both | Active | N/A | N/A |
| 5 | ▶ Dragoneer Investment Group We target leading technology companies with sustainable differentiation and attractive unit economics, backing durable competitive moats such as network effects, proprietary data, and switching costs, and holding positions through full market cycles from late-stage private financing into public markets. San Francisco | $50M – $500M | 30 | Leads | Active | ~1 mo | Req'd |
| 6 | ▶ Hearst Ventures Strategic investments at the intersection of media, information, and technology, prioritizing businesses that benefit from Hearst operating expertise, distribution, and permanent capital. New York | $2M – $50M | 16 | Follows | Active | N/A | N/A |
| 7 | ▶ Cathay Innovation Startups positioned as transformation partners with Fortune 500 corporates create the most impactful solutions. We believe the next generation of market leaders will emerge through collaborative innovation between startups and incumbent enterprises, supported by global expertise and capital. Paris | $5M – $100M | 16 | Both | Active | ~1 mo | Req'd |
What other stages do these firms also invest in?
Investors on this page also frequently invest in these sectors
What other sectors do these firms also invest in?
F4 Fund tracks 7 VC firms that actively invest in enterprise software + insurance at the Growth stage. These firms are ranked using a composite score that weighs data completeness (30%), portfolio depth (30%), investment recency (25%), and stage alignment (15%).
Based on F4's analysis, the median check size for growth enterprise software + insurance investors is $30M – $30M, with a full range from $1M – $500M. The distribution breaks down as: 1 firms in the $2M-$5M range, 6 firms in the $10M+ range.
Among the 7 firms tracked, 86% lead or co-lead rounds, and 14% typically follow. Founders seeking a lead investor should filter for firms marked "Leads" or "Both" in the rankings table above. Lead investors typically set deal terms and anchor the round.
The best growth enterprise software + insurance investors combine domain expertise with an active portfolio in the space. Among these firms, 50% prefer warm introductions, and the average firm has 26 portfolio companies. Look for firms whose check size matches your raise, whose stage preference aligns with yours, and who have a track record of supporting companies in your sector through multiple growth phases.
Firm profiles are continuously updated through F4's research pipeline, which combines LLM-powered web research, portfolio analysis, and transcript extraction. The ranking data refreshes every 12 hours. Editorial analysis is reviewed weekly. Individual firm profiles are re-researched on a 30-day cycle or when new information surfaces.