Investor Lists

PE firms backing E-commerce

Updated 7 November 2026

PE firms we have observed in an E-commerce round in the last two years.

See all 95 →The top 25
95investors on the listNo change this week
1,056cheques in 12 months+2% against the market
$25Mmedian round they joined+206% against the market median
83%wrote a cheque in 12 months
64%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

  1. 1GaingelsDeploying nowPrivate equity · United States1,010$8Mmedian roundOct 2026last seen
  2. 2Goldman SachsDeploying nowPrivate equity · United States758$73Mmedian roundOct 2026last seen
  3. 3IDG CapitalDeploying nowPrivate equity · China504$25Mmedian roundOct 2026last seen
  4. 4Morgan Stanley Investment ManagementDeploying nowPrivate equity · United States288$56Mmedian roundOct 2026last seen
  5. 5General AtlanticDeploying nowPrivate equity · United States273$127Mmedian roundOct 2026last seen
  6. 6HSBCDeploying nowGrowth equity · United Kingdom234$45Mmedian roundOct 2026last seen
  7. 7K5 GlobalDeploying nowPrivate equity · United States199$11Mmedian roundOct 2026last seen
  8. 8Franklin TempletonDeploying nowPrivate equity · United States198$64Mmedian roundNov 2026last seen
  9. 9Altair CapitalDeploying nowPrivate equity · Singapore196$2.9Mmedian roundOct 2026last seen
  10. 10DST GlobalDeploying nowPrivate equity · United Kingdom158$81Mmedian roundOct 2026last seen
  11. 11BondDeploying nowGrowth equity · United States154$47Mmedian roundSept 2026last seen
  12. 12Foresight GroupDeploying nowPrivate equity · United Kingdom132$4Mmedian roundOct 2026last seen
  13. 13Maven Capital PartnersDeploying nowPrivate equity · United Kingdom129$3.5Mmedian roundOct 2026last seen
  14. 14Smilegate InvestmentDeploying nowGrowth equity · South Korea122$5.4Mmedian roundMay 2026last seen
  15. 15Fin CapitalDeploying nowPrivate equity · United States120$15Mmedian roundSept 2026last seen
  16. 16BeringeaDeploying nowPrivate equity · United States116$8.8Mmedian roundSept 2026last seen
  17. 17WndrCoDeploying nowPrivate equity · United States114$15Mmedian roundSept 2026last seen
  18. 18L CattertonDeploying nowPrivate equity · United States110$34Mmedian roundOct 2026last seen
  19. 19TCGDeploying nowPrivate equity · United States109$75Mmedian roundSept 2026last seen
  20. 20S2G InvestmentsDeploying nowGrowth equity · United States102$16Mmedian roundOct 2026last seen
  21. 21Better CapitalDeploying nowPrivate equity · United Kingdom97$2.5Mmedian roundOct 2026last seen
  22. 22European Bank for Reconstruction and DevelopmentDeploying nowPrivate equity · United Kingdom91$35Mmedian roundNov 2026last seen
  23. 23MubadalaDeploying nowPrivate equity · United Arab Emirates91$80Mmedian roundSept 2026last seen
  24. 24Iconiq CapitalDeploying nowGrowth equity · Sri Lanka87$75Mmedian roundSept 2026last seen
  25. 25DemeterDeploying nowPrivate equity · France84$6.6Mmedian roundSept 2026last seen
70 more on this list

All 95 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 E-commerce

Who are the most active PE firms backing E-commerce?

By cheques observed, the most active are Gaingels, Goldman Sachs, IDG Capital, Morgan Stanley Investment Management and General Atlantic.

How many PE firms backing E-commerce are there?

95 are on record. 83% made an investment in the last 12 months and 64% have led a round.

Which stages do PE firms backing E-commerce back?

Of the rounds with a named stage in the last 12 months, mostly Debt (22%) and Series A (18%).

How big are the rounds PE firms backing E-commerce join?

The typical (median) round among the leading investors here is $25M.

Which sectors do PE firms backing E-commerce back most?

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

Which PE firms backing E-commerce lead the most rounds?

General Atlantic (32 led), Goldman Sachs (22 led) and DST Global (12 led).

Where are PE firms backing E-commerce based?

Among the most active, most are based in the United States (13), the United Kingdom (6) and China (1).

What have PE firms backing E-commerce invested in recently?

Recent rounds include Soter Insure (Series B, Nov 2026, with Franklin Templeton), firmly (Series A, Nov 2026, with • Ark Invest) and Zipline (Growth, Nov 2026, with WCM Investment Management).

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