# PE firms backing Beauty (2026 list) > 20 PE firms backing Beauty, 100% active in the last 12 months. Led by Gaingels, Goldman Sachs, IDG Capital. Ranked by what they funded. Source: https://millionrounds.com/lists/pe-firms-beauty (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # PE firms backing Beauty Updated 7 November 2026 PE firms we have observed in a beauty round in the last two years. [See all 20 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-beauty)The top 20 **20** investors on the list No change this week **546** cheques in 12 months *+4%* against the market **$23M** median round they joined *+183%* against the market median **100%** wrote a cheque in 12 months **75%** have led a round ## The Top 20 Ordered by cheques observed, never by anything anyone paid for Deploying now (20) - 1 [Gaingels](https://millionrounds.com/fund/gaingels) *Deploying now* Private equity · United States **1,010** **$8M** median round **Oct 2026** last seen - 2 [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) *Deploying now* Private equity · United States **758** **$73M** median round **Oct 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 [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) *Deploying now* Private equity · United States **433** **$16M** median round **Aug 2026** last seen - 5 [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) *Deploying now* Private equity · United States **288** **$56M** median round **Oct 2026** last seen - 6 [Saif Partners](https://millionrounds.com/fund/saif-partners) *Deploying now* Private equity · Hong Kong SAR China **283** **$14M** median round **May 2026** last seen - 7 [General Atlantic](https://millionrounds.com/fund/general-atlantic) *Deploying now* Private equity · United States **273** **$127M** median round **Oct 2026** last seen - 8 [Idinvest Partners](https://millionrounds.com/fund/idinvest-partners) *Deploying now* Private equity · France **217** **$20M** median round **Apr 2026** last seen - 9 [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) *Deploying now* Private equity · United States **198** **$64M** median round **Nov 2026** last seen - 10 [Eurazeo](https://millionrounds.com/fund/eurazeo) *Deploying now* Private equity · France **150** **$28M** median round **Oct 2026** last seen - 11 [Smilegate Investment](https://millionrounds.com/fund/smilegate-investment) *Deploying now* Growth equity · South Korea **122** **$5.4M** median round **May 2026** last seen - 12 [JMI Equity](https://millionrounds.com/fund/jmi-equity) *Deploying now* Private equity · United States **116** **$50M** median round **Sept 2026** last seen - 13 [L Catterton](https://millionrounds.com/fund/l-catterton) *Deploying now* Private equity · United States **110** **$34M** median round **Oct 2026** last seen - 14 [Better Capital](https://millionrounds.com/fund/better-capital) *Deploying now* Private equity · United Kingdom **97** **$2.5M** median round **Oct 2026** last seen - 15 [General Catalyst's Customer Value Fund (CVF)](https://millionrounds.com/fund/general-catalyst-s-customer-value-fund-cvf) *Deploying now* Growth equity **5** **$320M** median round **Nov 2026** last seen - 16 [Piper Private Equity](https://millionrounds.com/fund/piper) *Deploying now* Private equity · United Kingdom **4** **$12M** median round **Oct 2026** last seen - 17 [Sharrp Ventures](https://millionrounds.com/fund/sharrp-ventures-harsh-mariwala-investment-office) *Deploying now* Private equity · India **3** **$12M** median round **Oct 2026** last seen - 18 [OCTAVE Capital](https://millionrounds.com/fund/octave-capital) *Deploying now* Private equity · Singapore **1** **$12M** median round **Oct 2026** last seen - 19 [Hero Family Office](https://millionrounds.com/fund/hero-family-office) *Deploying now* Growth equity **1** **$15M** median round **Oct 2026** last seen - 20 [KKR's Next Generation Technology Growth fund](https://millionrounds.com/fund/kkr-s-next-generation-technology-growth-fund) *Deploying now* Growth equity **1** **$80M** median round **May 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *With* [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) - **4** Nov **[Nooks](https://millionrounds.com/company/nooks)** Growth · $500M *Led by* [General Catalyst's Customer Value Fund (CVF)](https://millionrounds.com/fund/general-catalyst-s-customer-value-fund-cvf) - **31** Oct **[Numour](https://millionrounds.com/company/numour)** $3.1M *Led by* [Sharrp Ventures](https://millionrounds.com/fund/sharrp-ventures-harsh-mariwala-investment-office) - **30** Oct **[Complaion](https://millionrounds.com/company/complaion)** Other *Led by* [Eurazeo](https://millionrounds.com/fund/eurazeo) - **30** Oct **[Archon Robotics](https://millionrounds.com/company/archon-robotics)** Seed *With* [IDG Capital](https://millionrounds.com/fund/idg-capital) - **29** Oct **[Solink](https://millionrounds.com/company/solink)** Growth · $100M *With* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) ## Stages This Year 518 rounds - Venture **23%** - Debt **15%** - Series A **10%** - Other **10%** - Seed **8%** - Other **34%** ## What They Backed Sectors, last 12 months - AI **157** - Biotech **45** - Fintech **45** - Aerospace & Space **40** - Healthcare **32** - Financial Services **29** ## Cheques by Quarter Led Joined 114 Q1 25 141 Q2 25 147 Q3 25 195 Q4 25 169 Q1 26 166 Q2 26 98 Q3 26 34 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) ## Quick answers about PE firms backing Beauty ### Who are the most active PE firms backing Beauty? By cheques observed, the most active are Gaingels, Goldman Sachs, IDG Capital, DCM Ventures and Morgan Stanley Investment Management. ### How many PE firms backing Beauty are there? 20 are on record. 100% made an investment in the last 12 months and 75% have led a round. ### Which stages do PE firms backing Beauty back? Of the rounds with a named stage in the last 12 months, mostly Debt (24%) and Series A (17%). ### How big are the rounds PE firms backing Beauty join? The typical (median) round among the leading investors here is $25M. ### Which sectors do PE firms backing Beauty back most? In the last 12 months, mostly AI, Biotech and Fintech. ### Which PE firms backing Beauty lead the most rounds? General Atlantic (32 led), Goldman Sachs (22 led) and Morgan Stanley Investment Management (10 led). ### Where are PE firms backing Beauty based? Among the most active, most are based in the United States (8), France (2) and the United Kingdom (2). ### What have PE firms backing Beauty invested in recently? Recent rounds include Soter Insure (Series B, Nov 2026, with Franklin Templeton), Nooks (Growth, Nov 2026, with General Catalyst's Customer Value Fund (CVF)) and Numour (Oct 2026, with Sharrp Ventures). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)