# PE firms backing Femtech (2026 list) > 24 PE firms backing Femtech, 54% active in the last 12 months. Led by Gaingels, RA Capital Management, General Atlantic. Ranked by what they funded. Source: https://millionrounds.com/lists/pe-firms-femtech (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # PE firms backing Femtech Updated 7 November 2026 PE firms we have observed in a femtech round in the last two years. [See all 24 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-femtech)The top 24 **24** investors on the list No change this week **387** cheques in 12 months *+6%* against the market **$31M** median round they joined *+283%* against the market median **54%** wrote a cheque in 12 months **42%** have led a round ## The Top 24 Ordered by cheques observed, never by anything anyone paid for Deploying now (13) - 1 [Gaingels](https://millionrounds.com/fund/gaingels) *Deploying now* Private equity · United States **1,010** **$8M** median round **Oct 2026** last seen - 2 [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) *Deploying now* Private equity · United States **395** **$93M** median round **Nov 2026** last seen - 3 [General Atlantic](https://millionrounds.com/fund/general-atlantic) *Deploying now* Private equity · United States **273** **$127M** median round **Oct 2026** last seen - 4 [Invus](https://millionrounds.com/fund/invus) *Deploying now* Private equity · United States **148** **$81M** median round **Oct 2026** last seen - 5 [Human Capital](https://millionrounds.com/fund/human-capital-2) *Deploying now* Growth equity · New Zealand **81** **$24M** median round **Oct 2026** last seen - 6 [Stripes](https://millionrounds.com/fund/stripes) *Deploying now* Private equity · United States **51** **$92M** median round **Oct 2026** last seen - 7 [Hadean Ventures](https://millionrounds.com/fund/hadean-ventures) *Deploying now* Private equity · Norway **11** **$26M** median round **Sept 2026** last seen - 8 [Council Capital](https://millionrounds.com/fund/council-capital) *Deploying now* Private equity · United States **10** **$3.2M** median round **Oct 2026** last seen - 9 [Atreides](https://millionrounds.com/fund/atreides) *Deploying now* Private equity · United States **6** **$600M** median round **Aug 2026** last seen - 10 [Anne Wojcicki](https://millionrounds.com/fund/anne-wojcicki) quiet Growth equity **6** **$33M** median round **Jun 2025** last seen - 11 [Innovation Victoria](https://millionrounds.com/fund/innovation-victoria) *Deploying now* Growth equity **5** **$31M** median round **Sept 2026** last seen - 12 [Advance Venture Partners](https://millionrounds.com/fund/advance-venture-partners) quiet Private equity · United States **4** **$38M** median round **Sept 2025** last seen - 13 [Catalyze Capital](https://millionrounds.com/fund/catalyze-capital) *Deploying now* Growth equity · Netherlands **2** **$52M** median round **Sept 2026** last seen - 14 [Peakfijn](https://millionrounds.com/fund/peakfijn) quiet Growth equity · Netherlands **1** **$1.1M** median round **Apr 2025** last seen - 15 [Quantum Leap Capital](https://millionrounds.com/fund/quantum-leap-capital) quiet Growth equity · United States **1** **$1.1M** median round **Apr 2025** last seen - 16 [Tory Burch](https://millionrounds.com/fund/tory-burch) quiet Growth equity · United States **1** **$63M** median round **Mar 2025** last seen - 17 [Andre Grimbergen (Albelli)](https://millionrounds.com/fund/andre-grimbergen-albelli) quiet Growth equity **1** **$1.1M** median round **Apr 2025** last seen - 18 [BVF Partners L.P](https://millionrounds.com/fund/bvf-partners-l-p) *Deploying now* Growth equity **1** **$93M** median round **Jun 2026** last seen - 19 [Foreground](https://millionrounds.com/fund/foreground) *Deploying now* Growth equity **1** **$30M** median round **Oct 2026** last seen - 20 [Jeroen ter Huurne (Collin Crowdfund)](https://millionrounds.com/fund/jeroen-ter-huurne-collin-crowdfund) quiet Growth equity **1** **$1.1M** median round **Apr 2025** last seen - 21 [Lara Koole (Carbon Equity)](https://millionrounds.com/fund/lara-koole-carbon-equity) quiet Growth equity **1** **$1.1M** median round **Apr 2025** last seen - 22 [Linc](https://millionrounds.com/fund/linc) quiet Growth equity **1** **$27M** median round **Jan 2025** last seen - 23 [Meghan Markle](https://millionrounds.com/fund/meghan-markle) quiet Growth equity **1** **$63M** median round **Mar 2025** last seen - 24 [Mike de Boer (Knab Bank)](https://millionrounds.com/fund/mike-de-boer-knab-bank) quiet Growth equity **1** **$1.1M** median round **Apr 2025** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Alethio Therapeutics](https://millionrounds.com/company/alethio-therapeutics)** Series A · $90M *Led by* [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) - **28** Oct **[American Advanced Materials](https://millionrounds.com/company/american-advanced-materials)** Seed · $13M *With* [Human Capital](https://millionrounds.com/fund/human-capital-2) - **25** Oct **[Kalshi](https://millionrounds.com/company/kalshi)** $1B *With* [Stripes](https://millionrounds.com/fund/stripes) - **24** Oct **[Pathos AI](https://millionrounds.com/company/pathos-ai)** $237M *With* [General Atlantic](https://millionrounds.com/fund/general-atlantic) - **23** Oct **[Star Therapeutics](https://millionrounds.com/company/star-therapeutics)** Other · $200M *With* [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) - **23** Oct **[Zai Lab](https://millionrounds.com/company/zai-lab)** Other · $250M *With* [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) ## Stages This Year 378 rounds - Venture **21%** - Other **17%** - Series A **14%** - Series B **10%** - Debt **7%** - Other **30%** ## What They Backed Sectors, last 12 months - Biotech **102** - AI **91** - Pharma **46** - Aerospace & Space **34** - Healthcare **30** - Fintech **24** ## Cheques by Quarter Led Joined 94 Q1 25 82 Q2 25 104 Q3 25 125 Q4 25 116 Q1 26 121 Q2 26 91 Q3 26 16 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 Femtech ### Who are the most active PE firms backing Femtech? By cheques observed, the most active are Gaingels, RA Capital Management, General Atlantic, Invus and Human Capital. ### How many PE firms backing Femtech are there? 24 are on record. 54% made an investment in the last 12 months and 42% have led a round. ### Which stages do PE firms backing Femtech back? Of the rounds with a named stage in the last 12 months, mostly Series A (26%) and Series B (19%). ### How big are the rounds PE firms backing Femtech join? The typical (median) round among the leading investors here is $31M. ### Which sectors do PE firms backing Femtech back most? In the last 12 months, mostly Biotech, AI and Pharma. ### Which PE firms backing Femtech lead the most rounds? General Atlantic (32 led), RA Capital Management (15 led) and Hadean Ventures (8 led). ### Where are PE firms backing Femtech based? Among the most active, most are based in the United States (10), the Netherlands (2) and New Zealand (1). ### What have PE firms backing Femtech invested in recently? Recent rounds include Alethio Therapeutics (Series A, Nov 2026, with RA Capital Management), American Advanced Materials (Seed, Oct 2026, with Human Capital) and Kalshi (Oct 2026, with Stripes). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)