# PE firms backing Data Infrastructure (2026 list) > 18 PE firms backing Data Infrastructure, 100% active in the last 12 months. Led by Gaingels, Morgan Stanley Investment Management, T. Rowe Price. Source: https://millionrounds.com/lists/pe-firms-data-infrastructure (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # PE firms backing Data Infrastructure Updated 7 November 2026 PE firms we have observed in a data Infrastructure round in the last two years. [See all 18 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-data-infrastructure)The top 18 **18** investors on the list *+1* this week **334** cheques in 12 months *+17%* against the market **$46M** median round they joined *+475%* against the market median **100%** wrote a cheque in 12 months **61%** have led a round ## The Top 18 Ordered by cheques observed, never by anything anyone paid for Deploying now (18) - 1 [Gaingels](https://millionrounds.com/fund/gaingels) *Deploying now* Private equity · United States **1,010** **$8M** median round **Oct 2026** last seen - 2 [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 - 3 [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) *Deploying now* Private equity · United States **136** **$400M** median round **Nov 2026** last seen - 4 [GIC](https://millionrounds.com/fund/gic) *Deploying now* Private equity · Singapore **92** **$200M** median round **Oct 2026** last seen - 5 [Addition](https://millionrounds.com/fund/addition) *Deploying now* Private equity · United States **58** **$38M** median round **Sept 2026** last seen - 6 [Dragoneer Investment](https://millionrounds.com/fund/dragoneer-investment-group) *Deploying now* Private equity · United States **39** **$500M** median round **Oct 2026** last seen - 7 [Spring Mountain Capital](https://millionrounds.com/fund/spring-mountain-capital) *Deploying now* Private equity · United States **23** **$13M** median round **Jun 2026** last seen - 8 [WCM Investment Management](https://millionrounds.com/fund/wcm-investment-management) *Deploying now* Growth equity · United States **10** **$1.2B** median round **Nov 2026** last seen - 9 [D. E. Shaw Ventures](https://millionrounds.com/fund/d-e-shaw-ventures) *Deploying now* Growth equity **8** **$925M** median round **Sept 2026** last seen - 10 [Figma](https://millionrounds.com/fund/figma) *Deploying now* Growth equity · United States **6** **$41M** median round **Feb 2026** last seen - 11 [Brighton Park Capital](https://millionrounds.com/fund/brighton-park-capital) *Deploying now* Private equity · United States **5** **$80M** median round **Jun 2026** last seen - 12 [CCB International](https://millionrounds.com/fund/ccb-international) *Deploying now* Private equity · Hong Kong SAR China **3** **$100M** median round **Nov 2026** last seen - 13 [Innovius Capital](https://millionrounds.com/fund/innovius-capital) *Deploying now* Private equity · United States **3** **$36M** median round **Aug 2026** last seen - 14 [Paine Schwartz Partners](https://millionrounds.com/fund/paine-schwartz-partners) *Deploying now* Private equity · United States **2** **$26M** median round **Oct 2026** last seen - 15 [Scale Capital (US)](https://millionrounds.com/fund/scale-capital) *Deploying now* Private equity · United States **2** **$15M** median round **Oct 2026** last seen - 16 [SIRIUS Capital](https://millionrounds.com/fund/sirius-capital) *Deploying now* Private equity · United Arab Emirates **1** **-** median round **Oct 2026** last seen - 17 [Velocity X](https://millionrounds.com/fund/velocityx-2) *Deploying now* Private equity · United States **1** **$21M** median round **Feb 2026** last seen - 18 [iGrow](https://millionrounds.com/fund/igrow) *Deploying now* Growth equity · South Africa **1** **$46M** median round **Jun 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *Led by* [WCM Investment Management](https://millionrounds.com/fund/wcm-investment-management) - **3** Nov **[fal](https://millionrounds.com/company/fal)** $1.3B *With* [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) - **2** Nov **[GenRobot AI](https://millionrounds.com/company/genrobot-ai)** Series A · $100M *With* [CCB International](https://millionrounds.com/fund/ccb-international) - **31** Oct **[OpenAI](https://millionrounds.com/company/openai)** Other · $11B *Led by* [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) - **29** Oct **[Jingshuo](https://millionrounds.com/company/jingshuo)** Pre-seed *With* [SIRIUS Capital](https://millionrounds.com/fund/sirius-capital) - **28** Oct **[Wealthsimple](https://millionrounds.com/company/wealthsimple)** Growth · $425M *Led by* [GIC](https://millionrounds.com/fund/gic) ## Stages This Year 303 rounds - Venture **21%** - Series A **13%** - Debt **13%** - Growth **11%** - Series B **8%** - Other **34%** ## What They Backed Sectors, last 12 months - AI **113** - Fintech **36** - Aerospace & Space **31** - Financial Services **21** - Biotech **18** - Big Data & Analytics **17** ## Cheques by Quarter Led Joined 69 Q1 25 67 Q2 25 92 Q3 25 105 Q4 25 97 Q1 26 97 Q2 26 67 Q3 26 26 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 Data Infrastructure ### Who are the most active PE firms backing Data Infrastructure? By cheques observed, the most active are Gaingels, Morgan Stanley Investment Management, T. Rowe Price, GIC and Addition. ### How many PE firms backing Data Infrastructure are there? 18 are on record. 100% made an investment in the last 12 months and 61% have led a round. ### Which stages do PE firms backing Data Infrastructure back? Of the rounds with a named stage in the last 12 months, mostly Series A (20%) and Debt (20%). ### How big are the rounds PE firms backing Data Infrastructure join? The typical (median) round among the leading investors here is $46M. ### Which sectors do PE firms backing Data Infrastructure back most? In the last 12 months, mostly AI, Fintech and Aerospace & Space. ### Which PE firms backing Data Infrastructure lead the most rounds? GIC (17 led), T. Rowe Price (11 led) and Morgan Stanley Investment Management (10 led). ### Where are PE firms backing Data Infrastructure based? Among the most active, most are based in the United States (13), Singapore (1) and Hong Kong SAR China (1). ### What have PE firms backing Data Infrastructure invested in recently? Recent rounds include Zipline (Growth, Nov 2026, with WCM Investment Management), fal (Nov 2026, with T. Rowe Price) and GenRobot AI (Series A, Nov 2026, with CCB International). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)