Dealroom has released its 2026 Power Law Investor Ranking, analysing nearly 20,000 investors globally to identify those whose portfolios best demonstrate the strongest venture scale outcomes.
In venture capital, the power law means a small percentage of companies generate the majority of returns. Dealroom’s ranking aims to measures which investors have actually achieved that reality.
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Two investors with Cyprus links appear in the ranking. TA Ventures, which has an office in Nicosia, is featured in the EMEA Top 50 Power Law VCs. Plug and Play Tech Center, which recently set up operations in Cyprus, is listed as 9th globally in Dealroom’s Power Law Investor Ranking.
Both funds are not local-only. Plug and Play is a Silicon Valley-headquartered innovation platform and venture investor with a new Cyprus presence. TA Ventures is a global early-stage venture investor with offices in Frankfurt, Zürich, Nicosia and the Cayman Islands.
Not constraining operations to the borders of the island gives both funds and the local ecosystem a significant advantage. This further validates Cyprus as a base for globally competitive venture capital with international networks, early-stage capital and access to follow-on funding ecosystems.
An Inside To The Ranking
Unlike typical investor league tables, the Dealroom Power Law Investor Ranking does not measure assets under management, the amount of deals, or even brand recognition. Instead, it focuses on how the portfolio is put together and whether it aligns with how venture capital works.
Dealroom gives more value to investors who backed major outcomes earlier. According to Dealroom’s methodology, seed investments that become unicorns or reach $100 million or more in revenue earn 100 points. Series A investments into the same categories earn 30 points. Series B or later investments earn 10 points. Dealroom also gives credit for earlier-stage investments into companies that reach $25 million to $100 million in revenue, which it calls “colts.”
The ranking therefore rewards both outcome quality and early conviction. That is different from measuring, for instance, who has the largest fund or who invests most frequently. It is also different from ranking investors by domicile, founders and access, but Dealroom’s ranking is primarily an outcome- and stage-weighted view of investor performance.
The Cyprus Investors
Plug and Play Tech Center
Plug and Play ranks 9th globally in Dealroom’s 2026 Power Law Investor Ranking. The firm is one of the world’s most active early-stage investors, with a global network across more than 60 locations.
The firm’s portfolio includes big names like Dropbox, Guardant Health, Honey, Lending Club, N26, and PayPal. Plug and Play has built a portfolio that reflects power law at scale.
Plug and Play recently launched its Cyprus Accelerator Program. The programme promises to support Cyprus-based startups through mentorship, corporate connections and investment opportunities, focusing on sectors including fintech and regtech, gaming, social and leisure, shipping and energy.
TA Ventures
TA Ventures appears in Dealroom’s 2026 Power Law Investor Ranking among the top-performing venture funds globally. The fund has set up an office in Nicosia alongside offices in Frankfurt, Zürich, and the Cayman Islands.
Dealroom’s public profile lists 19 power law outcomes for TA Ventures, including 13 unicorns and 16 companies that crossed $100 million in revenue.
TA Ventures pairs the fund with ICLUB Global, a network of angel investors and operators that it uses to provide additional support to its companies after investment.
TA Ventures is led by Viktoriya Tigipko, Founder and Managing Partner. In this interview with The Future Media, Tigipko shares what making the Dealroom ranking means for the fund and how TA Ventures structures its post-investment support.
What does making the Dealroom Power Law Investor Ranking mean to you and your team? What does it say about how you build your portfolio?
For us, the Power Law ranking is not validation. It’s confirmation.
Validation is what funds chase when they’re unsure their thesis is working. Confirmation is what arrives when the thesis has been compounding silently for years, and an external mirror finally reflects it back.
Venture is governed by the power law. A small percentage of companies generate the majority of returns. Every other variable in this asset class is secondary to that one fact. Funds that don’t design around it are playing a different game and losing it.
We have built TA Ventures around that structure from the beginning:
• 17+ years operating
• 280+ portfolio companies
• 18 unicorns, 8 IPOs
• Fund I delivered 11.5x MOIC and 4x DPI
The framework may sound simple in theory, but when it is executed, it can be unforgiving. We invest early but never blindly. We look for asymmetric entry points, strong founder-market fit, and markets capable of supporting outsized outcomes. We concentrate conviction in our highest-belief positions and preserve optionality on the rest.
Making the EMEA Top 50 out of 20,000 investors tells us that our portfolio construction and founder selection framework is aligned with how venture actually works, not how it is marketed.
What’s one thing you do after investing that genuinely improves a founder’s odds of reaching scale?
We don’t just wire capital. We wire ecosystems. That distinction is the entire post-investment thesis of TA Ventures.
Our model pairs the fund with ICLUB Global, a community of 7,000+ angel investors and operators across 40+ countries. Most funds have a partner network, whereas we have a distributed intelligence network. That difference shows up in three concrete ways after we invest.
First, strategic introductions at speed. Customers, follow-on investors, operators, and sometimes regulators. Usually within the first 60 days. Speed of intros compounds. A founder who closes their first enterprise customer three months earlier raises a better next round. Full stop.
Second, structured follow-on orchestration. Series A and beyond is where most venture-stage companies lose narrative control. We help founders shape positioning, refine the metrics story, and target the right next-round leads. Not just any next-round leads.
Third, early DPI discipline. We are intentional about creating optionality at later rounds. Secondaries, structured sales, partial exits. So founders and early investors can play long without being financially forced into bad outcomes. Patient capital still requires liquidity vents.
Capital opens entry, but the ecosystem is there to multiply.
The funds that win the next decade in Europe will not be the ones with the biggest cheques. They will be the ones with the deepest networks, applied with discipline.
The Power Law Is Real
Dealroom’s Power Law Investor Ranking makes the invisible visible, especially in relation to venture capital distribution. Venture capital is often marketed as a hits-driven business, but the returns come from outliers, and those are the choices that build the best portfolios.
The global top 100 represents investors who have aligned their strategy with the statistical reality of venture returns.
Power law is not so much a buzzword but the language of modern-day VC. Now we too can see who is playing the language well.
The full Dealroom Power Law Investor Ranking is available at dealroom.co/power-law-investor-ranking.
