# PE firms backing Engineering (2026 list) > 31 PE firms backing Engineering, 100% active in the last 12 months. Led by Gaingels, Citibank, Pioneer Fund. Ranked by what they funded. Source: https://millionrounds.com/lists/pe-firms-engineering (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # PE firms backing Engineering Updated 7 November 2026 PE firms we have observed in an engineering round in the last two years. [See all 31 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-engineering)The top 25 **31** investors on the list No change this week **562** cheques in 12 months *-5%* against the market **$50M** median round they joined *+525%* against the market median **100%** wrote a cheque in 12 months **55%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Gaingels](https://millionrounds.com/fund/gaingels) *Deploying now* Private equity · United States **1,010** **$8M** median round **Oct 2026** last seen - 2 [Citibank](https://millionrounds.com/fund/citi) *Deploying now* Growth equity · United States **566** **$20M** median round **Oct 2026** last seen - 3 [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) *Deploying now* Private equity · United States **551** **$2.9M** median round **Nov 2026** last seen - 4 [TPG](https://millionrounds.com/fund/tpg) *Deploying now* Private equity · United States **205** **$91M** median round **Nov 2026** last seen - 5 [Foresight Group](https://millionrounds.com/fund/foresight-group) *Deploying now* Private equity · United Kingdom **132** **$4M** median round **Oct 2026** last seen - 6 [Edison Partners](https://millionrounds.com/fund/edison-partners) *Deploying now* Private equity · United States **118** **$15M** median round **Oct 2026** last seen - 7 [Mubadala](https://millionrounds.com/fund/mubadala) *Deploying now* Private equity · United Arab Emirates **91** **$80M** median round **Sept 2026** last seen - 8 [Human Capital](https://millionrounds.com/fund/human-capital-2) *Deploying now* Growth equity · New Zealand **81** **$24M** median round **Oct 2026** last seen - 9 [YFM Equity Partners](https://millionrounds.com/fund/yfm-equity-partners) *Deploying now* Private equity · United Kingdom **66** **$6.2M** median round **Sept 2026** last seen - 10 [Atlantic](https://millionrounds.com/fund/atlantic) *Deploying now* Private equity · Germany **53** **$35M** median round **Oct 2026** last seen - 11 [The Global Emerging Markets Gem](https://millionrounds.com/fund/the-global-emerging-markets-group-gem) *Deploying now* Private equity · United States **53** **$48M** median round **Jun 2026** last seen - 12 [EQT](https://millionrounds.com/fund/eqt) *Deploying now* Private equity · Sweden **35** **$62M** median round **Sept 2026** last seen - 13 [NGP](https://millionrounds.com/fund/ngp) *Deploying now* Private equity · United States **12** **$105M** median round **Oct 2026** last seen - 14 [Gemini Investors](https://millionrounds.com/fund/gemini-investors) *Deploying now* Private equity · United States **10** **$10M** median round **Dec 2025** last seen - 15 [Nico Rosberg](https://millionrounds.com/fund/nico-rosberg) *Deploying now* Growth equity · Monaco **7** **$50M** median round **Sept 2026** last seen - 16 [Atreides](https://millionrounds.com/fund/atreides) *Deploying now* Private equity · United States **6** **$600M** median round **Aug 2026** last seen - 17 [M&G Investments](https://millionrounds.com/fund/m-and-g-investments) *Deploying now* Private equity · United Kingdom **6** **$113M** median round **Nov 2026** last seen - 18 [Alpha Wave](https://millionrounds.com/fund/alpha-wave) *Deploying now* Private equity · United States **6** **$193M** median round **Oct 2026** last seen - 19 [Revaia](https://millionrounds.com/fund/revaia) *Deploying now* Growth equity · France **5** **$40M** median round **Sept 2026** last seen - 20 [Seraphim](https://millionrounds.com/fund/seraphim) *Deploying now* Growth equity · India **5** **$100M** median round **Oct 2026** last seen - 21 [TWG Global](https://millionrounds.com/fund/twg-global) *Deploying now* Growth equity · United States **4** **$425M** median round **Apr 2026** last seen - 22 [DTCF](https://millionrounds.com/fund/dtcf) *Deploying now* Growth equity **4** **$48M** median round **Oct 2026** last seen - 23 [Pudong Venture Capital](https://millionrounds.com/fund/pudong-venture-capital) *Deploying now* Growth equity **4** **$459M** median round **Nov 2026** last seen - 24 [Killick Capital](https://millionrounds.com/fund/killick-capital) *Deploying now* Private equity · Canada **3** **$3M** median round **Nov 2025** last seen - 25 [Artinia Group](https://millionrounds.com/fund/artinia-group) *Deploying now* Growth equity · United States **2** **-** median round **Dec 2025** last seen **6 more on this list** All 31 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-engineering) ## The Newest Cheques Rounds this list's investors joined most recently - **7** Nov **[Arka Fincap](https://millionrounds.com/company/arka-fincap)** Other *Led by* [TPG](https://millionrounds.com/fund/tpg) - **5** Nov **[Nyquis](https://millionrounds.com/company/nyquis)** Seed · $6.3M *With* [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) - **5** Nov **[Sand.ai](https://millionrounds.com/company/sand-ai)** Series A · $200M *With* [Pudong Venture Capital](https://millionrounds.com/fund/pudong-venture-capital) - **4** Nov **[bit.bio](https://millionrounds.com/company/bit-bio)** Series D+ · $25M *With* [M&G Investments](https://millionrounds.com/fund/m-and-g-investments) - **29** Oct **[Numeracle](https://millionrounds.com/company/numeracle)** Series B · $28M *Led by* [Edison Partners](https://millionrounds.com/fund/edison-partners) - **28** Oct **[American Advanced Materials](https://millionrounds.com/company/american-advanced-materials)** Seed · $13M *With* [Human Capital](https://millionrounds.com/fund/human-capital-2) ## Stages This Year 536 rounds - Venture **24%** - Seed **12%** - Series A **12%** - Debt **11%** - Series B **9%** - Other **32%** ## What They Backed Sectors, last 12 months - AI **204** - Aerospace & Space **44** - Fintech **44** - Biotech **30** - Big Data & Analytics **30** - Financial Services **27** ## Cheques by Quarter Led Joined 153 Q1 25 134 Q2 25 184 Q3 25 197 Q4 25 176 Q1 26 153 Q2 26 115 Q3 26 28 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 Engineering ### Who are the most active PE firms backing Engineering? By cheques observed, the most active are Gaingels, Citibank, Pioneer Fund, TPG and Foresight Group. ### How many PE firms backing Engineering are there? 31 are on record. 100% made an investment in the last 12 months and 55% have led a round. ### Which stages do PE firms backing Engineering back? Of the rounds with a named stage in the last 12 months, mostly Seed (18%) and Series A (17%). ### How big are the rounds PE firms backing Engineering join? The typical (median) round among the leading investors here is $48M. ### Which sectors do PE firms backing Engineering back most? In the last 12 months, mostly AI, Aerospace & Space and Fintech. ### Which PE firms backing Engineering lead the most rounds? TPG (11 led), Edison Partners (10 led) and EQT (7 led). ### Where are PE firms backing Engineering based? Among the most active, most are based in the United States (12), the United Kingdom (3) and the United Arab Emirates (1). ### What have PE firms backing Engineering invested in recently? Recent rounds include Arka Fincap (Other, Nov 2026, with TPG), Nyquis (Seed, Nov 2026, with Pioneer Fund) and Sand.ai (Series A, Nov 2026, with Pudong Venture Capital). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)