Investor Lists

PE firms backing B2B

Updated 7 November 2026

PE firms we have observed in a B2B round in the last two years.

See all 48 →The top 25
48investors on the list+1 this week
888cheques in 12 months-6% against the market
$26Mmedian round they joined+230% against the market median
77%wrote a cheque in 12 months
63%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (23)

  1. 1GaingelsDeploying nowPrivate equity · United States1,010$8Mmedian roundOct 2026last seen
  2. 2Goldman SachsDeploying nowPrivate equity · United States758$73Mmedian roundOct 2026last seen
  3. 3CitibankDeploying nowGrowth equity · United States566$20Mmedian roundOct 2026last seen
  4. 4Pioneer FundDeploying nowPrivate equity · United States551$2.9Mmedian roundNov 2026last seen
  5. 5RA Capital ManagementDeploying nowPrivate equity · United States395$93Mmedian roundNov 2026last seen
  6. 6General AtlanticDeploying nowPrivate equity · United States273$127Mmedian roundOct 2026last seen
  7. 7Warburg PincusDeploying nowPrivate equity · United States260$124Mmedian roundOct 2026last seen
  8. 8TPGDeploying nowPrivate equity · United States205$91Mmedian roundNov 2026last seen
  9. 9TCVDeploying nowPrivate equity · United States200$100Mmedian roundOct 2026last seen
  10. 10K5 GlobalDeploying nowPrivate equity · United States199$11Mmedian roundOct 2026last seen
  11. 11Altair CapitalDeploying nowPrivate equity · Singapore196$2.9Mmedian roundOct 2026last seen
  12. 12BondDeploying nowGrowth equity · United States154$47Mmedian roundSept 2026last seen
  13. 13Better CapitalDeploying nowPrivate equity · United Kingdom97$2.5Mmedian roundOct 2026last seen
  14. 14Catalyst FundDeploying nowGrowth equity · United States96$3Mmedian roundOct 2026last seen
  15. 15GICDeploying nowPrivate equity · Singapore92$200Mmedian roundOct 2026last seen
  16. 16RTW Investments LLCDeploying nowGrowth equity · United States88$123Mmedian roundNov 2026last seen
  17. 17Pavilion CapitalDeploying nowPrivate equity · United States67$28Mmedian roundJul 2026last seen
  18. 18AtlanticDeploying nowPrivate equity · Germany53$35Mmedian roundOct 2026last seen
  19. 19Raptor GroupDeploying nowPrivate equity · United States50$15Mmedian roundSept 2026last seen
  20. 20Five V CapitalDeploying nowPrivate equity · Australia32$13Mmedian roundJun 2026last seen
  21. 21Goldman Sachs AlternativesDeploying nowGrowth equity24$110Mmedian roundOct 2026last seen
  22. 223TS Capital PartnersDeploying nowPrivate equity · Finland23$11Mmedian roundApr 2026last seen
  23. 23Silversmith Capital PartnersquietPrivate equity · United States15$64Mmedian roundJul 2025last seen
  24. 24AAC Capital PartnersquietPrivate equity · Netherlands11$1.1Mmedian roundFeb 2025last seen
  25. 25Council CapitalDeploying nowPrivate equity · United States10$3.2Mmedian roundOct 2026last seen
23 more on this list

All 48 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 PE firms backing B2B

Who are the most active PE firms backing B2B?

By cheques observed, the most active are Gaingels, Goldman Sachs, Citibank, Pioneer Fund and RA Capital Management.

How many PE firms backing B2B are there?

48 are on record. 77% made an investment in the last 12 months and 63% have led a round.

Which stages do PE firms backing B2B back?

Of the rounds with a named stage in the last 12 months, mostly Debt (20%) and Series A (19%).

How big are the rounds PE firms backing B2B join?

The typical (median) round among the leading investors here is $28M.

Which sectors do PE firms backing B2B back most?

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

Which PE firms backing B2B lead the most rounds?

General Atlantic (32 led), Goldman Sachs (22 led) and TCV (17 led).

Where are PE firms backing B2B based?

Among the most active, most are based in the United States (17), Singapore (2) and the United Kingdom (1).

What have PE firms backing B2B invested in recently?

Recent rounds include Arka Fincap (Other, Nov 2026, with TPG), Nyquis (Seed, Nov 2026, with Pioneer Fund) and Alethio Therapeutics (Series A, Nov 2026, with RA Capital Management).

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