Investor Lists

PE firms backing D2C

Updated 7 November 2026

PE firms we have observed in a D2C round in the last two years.

See all 11 →The top 11
11investors on the list+1 this week
78cheques in 12 months+44% against the market
$38Mmedian round they joined+380% against the market median
91%wrote a cheque in 12 months
82%have led a round

The Top 11

Ordered by cheques observed, never by anything anyone paid for

Deploying now (10)

  1. 1OrbiMedDeploying nowPrivate equity · United States447$71Mmedian roundOct 2026last seen
  2. 2Iconiq CapitalDeploying nowGrowth equity · Sri Lanka87$75Mmedian roundSept 2026last seen
  3. 3MultiplesDeploying nowPrivate equity · India4$125Mmedian roundNov 2026last seen
  4. 4Sharrp VenturesDeploying nowPrivate equity · India3$12Mmedian roundOct 2026last seen
  5. 5Bharat Value FundDeploying nowGrowth equity3$42Mmedian roundOct 2026last seen
  6. 6LGVPDeploying nowGrowth equity3$35Mmedian roundOct 2026last seen
  7. 7Vertex Ventures SEA & IndiaDeploying nowGrowth equity3$20Mmedian roundOct 2026last seen
  8. 8Xponentia CapitalDeploying nowPrivate equity · India1$35Mmedian roundOct 2026last seen
  9. 9Hero Family OfficeDeploying nowGrowth equity1$15Mmedian roundOct 2026last seen
  10. 10The Wealth Company AlternatesDeploying nowGrowth equity1$42Mmedian roundOct 2026last seen
  11. 11YoungOne CVCquietGrowth equity1-median roundNov 2025last seen

Quick answers about PE firms backing D2C

Who are the most active PE firms backing D2C?

By cheques observed, the most active are OrbiMed, Iconiq Capital, Multiples, Sharrp Ventures and Bharat Value Fund.

How many PE firms backing D2C are there?

11 are on record. 91% made an investment in the last 12 months and 82% have led a round.

Which stages do PE firms backing D2C back?

Of the rounds with a named stage in the last 12 months, mostly Series C (24%) and Series A (22%).

How big are the rounds PE firms backing D2C join?

The typical (median) round among the leading investors here is $42M.

Which sectors do PE firms backing D2C back most?

In the last 12 months, mostly Biotech, Healthcare and Pharma.

Which PE firms backing D2C lead the most rounds?

OrbiMed (9 led), Iconiq Capital (7 led) and Bharat Value Fund (3 led).

Where are PE firms backing D2C based?

Among the most active, most are based in India (3), the United States (1) and Sri Lanka (1).

What have PE firms backing D2C invested in recently?

Recent rounds include GIVA (Other, Nov 2026, with Multiples), Numour (Oct 2026, with Sharrp Ventures) and Dren Bio (Other, Oct 2026, with OrbiMed).

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