# Growth equity firms (2026 list) > 3,792 growth equity firms, 24% active in the last 12 months. Led by Citibank, HSBC, Bond. Ranked by what they funded. Source: https://millionrounds.com/lists/growth-equity-firms (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Growth equity firms Updated 1 November 2026 Growth equity firms, ordered by what we have observed them do. Type is read from the firm's own website wherever we could reach it. [See all 3,792 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fgrowth-equity-firms)The top 25 **3,792** investors on the list *+120* this week **1,619** cheques in 12 months *+69%* against the market **$33M** median round they joined *+313%* against the market median **24%** wrote a cheque in 12 months **11%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (11) - 1 [Citibank](https://millionrounds.com/fund/citi) *Deploying now* Growth equity · United States **566** **$20M** median round **Oct 2026** last seen - 2 [HSBC](https://millionrounds.com/fund/hsbc) *Deploying now* Growth equity · United Kingdom **233** **$45M** median round **Oct 2026** last seen - 3 [Bond](https://millionrounds.com/fund/bond) *Deploying now* Growth equity · United States **154** **$47M** median round **Sept 2026** last seen - 4 [Smilegate Investment](https://millionrounds.com/fund/smilegate-investment) *Deploying now* Growth equity · South Korea **122** **$5.4M** median round **May 2026** last seen - 5 [Jafco Ventures](https://millionrounds.com/fund/jafco-ventures) quiet Growth equity **119** **$14M** median round **Oct 2014** last seen - 6 [S2G Investments](https://millionrounds.com/fund/s2g-investments) *Deploying now* Growth equity · United States **102** **$16M** median round **Oct 2026** last seen - 7 [Catalyst Fund](https://millionrounds.com/fund/catalyst-fund-2) *Deploying now* Growth equity · United States **96** **$3M** median round **Oct 2026** last seen - 8 [Novo Holdings A/S](https://millionrounds.com/fund/novo-holdings-a-s) quiet Growth equity **93** **$40M** median round **Mar 2025** last seen - 9 [Mobius Venture Capital](https://millionrounds.com/fund/mobius-venture-capital) quiet Growth equity · United States **90** **$10M** median round **Jan 2015** last seen - 10 [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) *Deploying now* Growth equity · Sri Lanka **87** **$75M** median round **Sept 2026** last seen - 11 [RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) *Deploying now* Growth equity · United States **87** **$125M** median round **Oct 2026** last seen - 12 [ATA Ventures](https://millionrounds.com/fund/ata-ventures) quiet Growth equity · United States **85** **$9.1M** median round **Oct 2015** last seen - 13 [Noro-Moseley Partners](https://millionrounds.com/fund/noro-moseley-partners) *Deploying now* Growth equity · United States **85** **$11M** median round **Apr 2026** last seen - 14 [Harris & Harris Group](https://millionrounds.com/fund/harris-and-harris-group) quiet Growth equity **84** **$14M** median round **Oct 2017** last seen - 15 [Alibaba](https://millionrounds.com/fund/alibaba) *Deploying now* Growth equity · United States **83** **$150M** median round **Oct 2026** last seen - 16 [Human Capital](https://millionrounds.com/fund/human-capital-2) *Deploying now* Growth equity · New Zealand **81** **$24M** median round **Oct 2026** last seen - 17 [H.I.G. Capital](https://millionrounds.com/fund/h-i-g-capital) quiet Growth equity · United States **80** **$74M** median round **Jun 2023** last seen - 18 [Pequot Capital](https://millionrounds.com/fund/pequot-capital) dormant Growth equity · United States **77** **$16M** median round **Nov 2009** last seen - 19 [Three Arch Partners](https://millionrounds.com/fund/three-arch-partners) dormant Growth equity · United States **75** **$20M** median round **Apr 2015** last seen - 20 [Star Ventures](https://millionrounds.com/fund/star-ventures) dormant Growth equity · Switzerland **74** **$15M** median round **May 2012** last seen - 21 [Intel](https://millionrounds.com/fund/intel) quiet Growth equity · United States **73** **$21M** median round **Dec 2019** last seen - 22 [Oxford Bioscience Partners](https://millionrounds.com/fund/oxford-bioscience-partners) quiet Growth equity · United States **73** **$15M** median round **May 2014** last seen - 23 [De Novo Ventures](https://millionrounds.com/fund/de-novo-ventures) quiet Growth equity · United States **72** **$20M** median round **Jun 2014** last seen - 24 [Palomar Ventures](https://millionrounds.com/fund/palomar-ventures) quiet Growth equity · United States **71** **$10M** median round **Aug 2014** last seen - 25 [HealthCare Ventures](https://millionrounds.com/fund/healthcare-ventures-llc) dormant Growth equity · United States **70** **$21M** median round **Sept 2015** last seen **3,767 more on this list** Login free to see all 3,792, filter by stage, sector and market, and keep the ones that fit. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fgrowth-equity-firms) ## The Newest Cheques Rounds this list's investors joined most recently - **31** Oct **[OpenAI](https://millionrounds.com/company/openai)** Other · $20B *With* [MGX](https://millionrounds.com/fund/mgx) - **31** Oct **[OpenAI](https://millionrounds.com/company/openai)** Other · $11B *With* [MGX](https://millionrounds.com/fund/mgx) - **30** Oct **PredictPro** Other · $4M *With* [Becker Ventures](https://millionrounds.com/fund/becker-ventures) - **30** Oct **[Agility Robotics](https://millionrounds.com/company/agility-robotics)** Other · $465M *With* [SoftBank Vision Fund 2](https://millionrounds.com/fund/softbank-vision-fund-2) - **30** Oct **[Setara Biosciences](https://millionrounds.com/company/setara-biosciences)** Series A · $90M *With* [Regeneron Ventures](https://millionrounds.com/fund/regeneron-ventures) - **30** Oct **[Baseten](https://millionrounds.com/company/baseten)** Other · $2B *Led by* [Sands Capital Management](https://millionrounds.com/fund/sands-capital) ## Stages This Year 1,038 rounds - Series B **21%** - Growth **14%** - Series C **12%** - Debt **11%** - Other **9%** - Other **32%** ## What They Backed Sectors, last 12 months - AI **402** - Fintech **124** - Biotech **88** - Energy **83** - Healthcare **65** - Big Data & Analytics **63** ## Cheques by Quarter Led Joined 211 Q1 25 221 Q2 25 260 Q3 25 337 Q4 25 387 Q1 26 330 Q2 26 389 Q3 26 298 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms 63,606](https://millionrounds.com/lists/vc-firms) - [PE firms 29,207](https://millionrounds.com/lists/pe-firms) - [Solo angels 6,513](https://millionrounds.com/lists/solo-angels) - [Family offices 6,262](https://millionrounds.com/lists/family-offices) - [Corporate VCs 5,452](https://millionrounds.com/lists/corporate-vcs) - [Incubators and accelerators 3,524](https://millionrounds.com/lists/incubators-accelerators) - [Institutional LPs 2,743](https://millionrounds.com/lists/institutional-lps) - [Startup studios 2,384](https://millionrounds.com/lists/startup-studios) - [Angel groups 1,972](https://millionrounds.com/lists/angel-groups) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about growth equity firms ### Who are the most active growth equity firms? By cheques observed, the most active are Citibank, HSBC, Bond, Smilegate Investment and Jafco Ventures. ### How many growth equity firms are there? 3,792 are on record. 24% made an investment in the last 12 months and 11% have led a round. ### Which stages do growth equity firms back? Of the rounds with a named stage in the last 12 months, mostly Series B (26%) and Growth (19%). ### How big are the rounds growth equity firms join? The typical (median) round among the leading investors here is $20M. ### Which sectors do growth equity firms back most? In the last 12 months, mostly AI, Fintech and Biotech. ### Which growth equity firms lead the most rounds? Bond (11 led), Iconiq Capital (7 led) and Citibank (4 led). ### Where are growth equity firms based? Among the most active, most are based in the United States (17), the United Kingdom (1) and South Korea (1). ### What have growth equity firms invested in recently? Recent rounds include OpenAI (Other, Oct 2026, with MGX), PredictPro (Other, Oct 2026, with Becker Ventures) and Agility Robotics (Other, Oct 2026, with SoftBank Vision Fund 2). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)