# PE firms backing Advanced Manufacturing (2026 list)

> 38 PE firms backing Advanced Manufacturing, 87% active in the last 12 months. Led by Gaingels, Pioneer Fund, IDG Capital. Ranked by what they funded.

Source: https://millionrounds.com/lists/pe-firms-advanced-manufacturing (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# PE firms backing Advanced Manufacturing

Updated 7 November 2026

PE firms we have observed in an advanced Manufacturing round in the last two years.

[See all 38 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-advanced-manufacturing)The top 25

**38** investors on the list No change this week

**647** cheques in 12 months *-4%* against the market

**$22M** median round they joined *+175%* against the market median

**87%** wrote a cheque in 12 months

**55%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Gaingels](https://millionrounds.com/fund/gaingels) *Deploying now* Private equity · United States **1,010** **$8M** median round **Oct 2026** last seen
- 2 [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) *Deploying now* Private equity · United States **551** **$2.9M** median round **Nov 2026** last seen
- 3 [IDG Capital](https://millionrounds.com/fund/idg-capital) *Deploying now* Private equity · China **504** **$25M** median round **Oct 2026** last seen
- 4 [Saif Partners](https://millionrounds.com/fund/saif-partners) *Deploying now* Private equity · Hong Kong SAR China **283** **$14M** median round **May 2026** last seen
- 5 [K5 Global](https://millionrounds.com/fund/k5-global) *Deploying now* Private equity · United States **199** **$11M** median round **Oct 2026** last seen
- 6 [CDH Investments](https://millionrounds.com/fund/cdh-investments) *Deploying now* Private equity · Hong Kong SAR China **190** **$30M** median round **Oct 2026** last seen
- 7 [Bond](https://millionrounds.com/fund/bond) *Deploying now* Growth equity · United States **154** **$47M** median round **Sept 2026** last seen
- 8 [Foresight Group](https://millionrounds.com/fund/foresight-group) *Deploying now* Private equity · United Kingdom **132** **$4M** median round **Oct 2026** last seen
- 9 [Smilegate Investment](https://millionrounds.com/fund/smilegate-investment) *Deploying now* Growth equity · South Korea **122** **$5.4M** median round **May 2026** last seen
- 10 [Apollo](https://millionrounds.com/fund/apollo-global-management) *Deploying now* Private equity · United States **114** **$55M** median round **Oct 2026** last seen
- 11 [Taiwania Capital](https://millionrounds.com/fund/taiwania-capital) *Deploying now* Growth equity · Taiwan **60** **$14M** median round **Jul 2026** last seen
- 12 [SBI Group](https://millionrounds.com/fund/sbi-group) *Deploying now* Growth equity **57** **$14M** median round **Nov 2026** last seen
- 13 [Washington Harbour Partners Lp](https://millionrounds.com/fund/washington-harbour-partners-lp) *Deploying now* Private equity · United States **52** **$60M** median round **Nov 2026** last seen
- 14 [UTokyo Innovation Platform](https://millionrounds.com/fund/utokyo-innovation-platform) *Deploying now* Growth equity · Japan **50** **$4.1M** median round **Jul 2026** last seen
- 15 [SL Investment](https://millionrounds.com/fund/sl-investment) *Deploying now* Private equity · United States **46** **$7.3M** median round **Mar 2026** last seen
- 16 [Verdane](https://millionrounds.com/fund/verdane) *Deploying now* Private equity · Norway **36** **$19M** median round **Oct 2026** last seen
- 17 [Anzu Partners](https://millionrounds.com/fund/anzu-partners) *Deploying now* Private equity · United States **35** **$10M** median round **Sept 2026** last seen
- 18 [Qatar Ban](https://millionrounds.com/fund/qatar-ban) *Deploying now* Growth equity · Qatar **33** **$548M** median round **Sept 2026** last seen
- 19 [Richard King Mellon Foundation](https://millionrounds.com/fund/richard-king-mellon-foundation) *Deploying now* Private equity · United States **30** **$408K** median round **Sept 2026** last seen
- 20 [1789 Capital](https://millionrounds.com/fund/1789-capital) *Deploying now* Private equity · United States **15** **$425M** median round **Oct 2026** last seen
- 21 [Hostplus](https://millionrounds.com/fund/hostplus) *Deploying now* Private equity · Australia **15** **$100M** median round **Sept 2026** last seen
- 22 [EBRD VC](https://millionrounds.com/fund/ebrd-vc) *Deploying now* Growth equity · United Kingdom **13** **$17M** median round **Jul 2026** last seen
- 23 [AE Ventures](https://millionrounds.com/fund/ae-ventures) *Deploying now* Private equity · United States **8** **$63M** median round **Aug 2026** last seen
- 24 [Primavera Capital Group](https://millionrounds.com/fund/primavera-capital-group) *Deploying now* Private equity · Hong Kong SAR China **6** **$587M** median round **Sept 2026** last seen
- 25 [Nvidia's NVentures](https://millionrounds.com/fund/nvidia-s-nventures) *Deploying now* Growth equity **6** **$405M** median round **Feb 2026** last seen

**13 more on this list**

All 38 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-advanced-manufacturing)

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *With* [SBI Group](https://millionrounds.com/fund/sbi-group)
- **5** Nov **[Nyquis](https://millionrounds.com/company/nyquis)** Seed · $6.3M *With* [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2)
- **2** Nov **[Northwood Space](https://millionrounds.com/company/northwood-space)** Series C · $375M *With* [Washington Harbour Partners Lp](https://millionrounds.com/fund/washington-harbour-partners-lp)
- **30** Oct **[Archon Robotics](https://millionrounds.com/company/archon-robotics)** Seed *With* [IDG Capital](https://millionrounds.com/fund/idg-capital)
- **29** Oct **[PhotonPay](https://millionrounds.com/company/photonpay)** Series C · $40M *With* [IDG Capital](https://millionrounds.com/fund/idg-capital)
- **28** Oct **[Firehawk Defense](https://millionrounds.com/company/firehawk-defense)** Series D+ · $150M *Led by* [Rochefort Asset Management](https://millionrounds.com/fund/rochefort-asset-management)

## Stages This Year

613 rounds

- Venture **29%**
- Series A **13%**
- Seed **13%**
- Series B **10%**
- Pre-seed **5%**
- Other **30%**

## What They Backed

Sectors, last 12 months

- AI **241**
- Aerospace & Space **59**
- Biotech **42**
- Fintech **41**
- Big Data & Analytics **26**
- Healthcare **26**

## Cheques by Quarter

Led Joined

172 Q1 25

149 Q2 25

204 Q3 25

233 Q4 25

227 Q1 26

171 Q2 26

120 Q3 26

30 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [VC firms backing AI 4,329](https://millionrounds.com/lists/vc-firms-ai)
- [VC firms backing Fintech 1,856](https://millionrounds.com/lists/vc-firms-fintech)
- [VC firms backing Big Data & Analytics 1,248](https://millionrounds.com/lists/vc-firms-big-data)
- [VC firms backing Biotech 1,207](https://millionrounds.com/lists/vc-firms-biotech)
- [VC firms backing Robotics 1,098](https://millionrounds.com/lists/vc-firms-robotics)
- [VC firms backing Construction 1,025](https://millionrounds.com/lists/vc-firms-construction)
- [VC firms backing Energy 998](https://millionrounds.com/lists/vc-firms-energy)
- [PE firms backing AI 956](https://millionrounds.com/lists/pe-firms-ai)
- [VC firms backing Cybersecurity 950](https://millionrounds.com/lists/vc-firms-cybersecurity)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in industrial and manufacturing

- The British Industrial Revolution in Global Perspective Robert C. Allen · 2009 3.99 from 277 ratings on Goodreads Industrial and manufacturing About the book Why did the industrial revolution take place in eighteenth-century Britain and not elsewhere in Europe or Asia? In this convincing new account Robert Allen argues that the British industrial revolution was a successful response to the global economy of the seventeenth and… On AmazonListen on Audible
- Made in the USA: The Rise and Retreat of American Manufacturing Vaclav Smil · 2013 3.77 from 518 ratings on Goodreads Industrial and manufacturing Company building About the book In Made in the USA, Vaclav Smil powerfully rebuts the notion that manufacturing is a relic of predigital history and that the loss of American manufacturing is a desirable evolutionary step toward a pure service economy. Smil argues that no advanced economy can prosper without… On AmazonListen on Audible
- PRODUCT DESIGN+DEVELOPMENT >IN Karl T. Ulrich · 1994 4.00 from 482 ratings on Goodreads Industrial and manufacturing Company building About the book This book presents a set of product development techniques aimed at bringing together the marketing, design, and manufacturing functions of the enterprise. It treats issues such as identifying customer needs, design for manufacturing, prototyping, and industrial design. On AmazonListen on Audible
- The Most Powerful Idea in the World: A Story of Steam, Industry, and Invention William Rosen · 2010 3.93 from 1,401 ratings on Goodreads Industrial and manufacturing Innovation Company building About the book If all measures of human advancement in the last hundred centuries were plotted on a graph, they would show an almost perfectly flat line, until the eighteenth century, when the Industrial Revolution would cause the line to shoot straight up, beginning an almost uninterrupted… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=industrial).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about PE firms backing Advanced Manufacturing

### Who are the most active PE firms backing Advanced Manufacturing?

By cheques observed, the most active are Gaingels, Pioneer Fund, IDG Capital, Saif Partners and K5 Global.

### How many PE firms backing Advanced Manufacturing are there?

38 are on record. 87% made an investment in the last 12 months and 55% have led a round.

### Which stages do PE firms backing Advanced Manufacturing back?

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

### How big are the rounds PE firms backing Advanced Manufacturing join?

The typical (median) round among the leading investors here is $17M.

### Which sectors do PE firms backing Advanced Manufacturing back most?

In the last 12 months, mostly AI, Aerospace & Space and Biotech.

### Which PE firms backing Advanced Manufacturing lead the most rounds?

EBRD VC (13 led), Bond (11 led) and Washington Harbour Partners Lp (9 led).

### Where are PE firms backing Advanced Manufacturing based?

Among the most active, most are based in the United States (11), Hong Kong SAR China (3) and the United Kingdom (2).

### What have PE firms backing Advanced Manufacturing invested in recently?

Recent rounds include Soter Insure (Series B, Nov 2026, with SBI Group), Nyquis (Seed, Nov 2026, with Pioneer Fund) and Northwood Space (Series C, Nov 2026, with Washington Harbour Partners Lp).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)