Investor Lists

Growth equity firms at early stage

Updated 7 November 2026

Growth equity firms we have watched take part in an early stage round in the last two years.

See all 116 →The top 25
116investors on the list+2 this week
607cheques in 12 months+17% against the market
$45Mmedian round they joined+463% against the market median
88%wrote a cheque in 12 months
60%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (24)

  1. 1CitibankDeploying nowGrowth equity · United States566$20Mmedian roundOct 2026last seen
  2. 2HSBCDeploying nowGrowth equity · United Kingdom234$45Mmedian roundOct 2026last seen
  3. 3BondDeploying nowGrowth equity · United States154$47Mmedian roundSept 2026last seen
  4. 4Smilegate InvestmentDeploying nowGrowth equity · South Korea122$5.4Mmedian roundMay 2026last seen
  5. 5S2G InvestmentsDeploying nowGrowth equity · United States102$16Mmedian roundOct 2026last seen
  6. 6Catalyst FundDeploying nowGrowth equity · United States96$3Mmedian roundOct 2026last seen
  7. 7Novo Holdings A/SquietGrowth equity93$40Mmedian roundMar 2025last seen
  8. 8RTW Investments LLCDeploying nowGrowth equity · United States88$123Mmedian roundNov 2026last seen
  9. 9Iconiq CapitalDeploying nowGrowth equity · Sri Lanka87$75Mmedian roundSept 2026last seen
  10. 10Noro-Moseley PartnersDeploying nowGrowth equity · United States85$11Mmedian roundApr 2026last seen
  11. 11AlibabaDeploying nowGrowth equity · United States83$150Mmedian roundOct 2026last seen
  12. 12Human CapitalDeploying nowGrowth equity · New Zealand81$24Mmedian roundOct 2026last seen
  13. 13Ares ManagementDeploying nowGrowth equity · United States68$162Mmedian roundSept 2026last seen
  14. 14Taiwania CapitalDeploying nowGrowth equity · Taiwan60$14Mmedian roundJul 2026last seen
  15. 15SBI GroupDeploying nowGrowth equity57$14Mmedian roundNov 2026last seen
  16. 16FlashpointDeploying nowGrowth equity · United Kingdom50$7Mmedian roundMay 2026last seen
  17. 17UTokyo Innovation PlatformDeploying nowGrowth equity · Japan50$4.1Mmedian roundJul 2026last seen
  18. 18Royal Bank of CanadaDeploying nowGrowth equity · Canada46$100Mmedian roundOct 2026last seen
  19. 19ING GroupDeploying nowGrowth equity · Indonesia45$37Mmedian roundOct 2026last seen
  20. 20Gresham House VenturesDeploying nowGrowth equity · United Kingdom40$6.6Mmedian roundSept 2026last seen
  21. 21VentureTech AllianceDeploying nowGrowth equity · United States40$155Mmedian roundJun 2026last seen
  22. 22Riverside Acceleration CapitalDeploying nowGrowth equity · United States34$14Mmedian roundSept 2026last seen
  23. 23Nano DimensionDeploying nowGrowth equity · United States33$58Mmedian roundSept 2026last seen
  24. 24Qatar BanDeploying nowGrowth equity · Qatar33$548Mmedian roundSept 2026last seen
  25. 25jd.comDeploying nowGrowth equity · China28$200Mmedian roundMay 2026last seen
91 more on this list

All 116 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

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Quick answers about growth equity firms at early stage

Who are the most active growth equity firms at early stage?

By cheques observed, the most active are Citibank, HSBC, Bond, Smilegate Investment and S2G Investments.

How many growth equity firms at early stage are there?

116 are on record. 88% made an investment in the last 12 months and 60% have led a round.

Which stages do growth equity firms at early stage back?

Of the rounds with a named stage in the last 12 months, mostly Debt (22%) and Series A (21%).

How big are the rounds growth equity firms at early stage join?

The typical (median) round among the leading investors here is $37M.

Which sectors do growth equity firms at early stage back most?

In the last 12 months, mostly AI, Fintech and Biotech.

Which growth equity firms at early stage lead the most rounds?

Bond (11 led), Iconiq Capital (7 led) and Gresham House Ventures (7 led).

Where are growth equity firms at early stage based?

Among the most active, most are based in the United States (11), the United Kingdom (3) and South Korea (1).

What have growth equity firms at early stage invested in recently?

Recent rounds include Harbinger (Series D+, Nov 2026, with Capricorn's Technology Impact Fund), Soter Insure (Series B, Nov 2026, with SBI Group) and firmly (Series A, Nov 2026, with • Ark Invest).

Built from the rounds we watched, refreshed every night. How we count · Report a correction