# PE firms backing Future of Work (2026 list)

> 35 PE firms backing Future of Work, 77% active in the last 12 months. Led by Gaingels, Pioneer Fund, General Atlantic. Ranked by what they funded.

Source: https://millionrounds.com/lists/pe-firms-future-of-work (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# PE firms backing Future of Work

Updated 7 November 2026

PE firms we have observed in a future of Work round in the last two years.

[See all 35 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-future-of-work)The top 25

**35** investors on the list No change this week

**577** cheques in 12 months *-3%* against the market

**$55M** median round they joined *+581%* against the market median

**77%** wrote a cheque in 12 months

**51%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (22)

- 1 [Gaingels](https://millionrounds.com/fund/gaingels) *Deploying now* Private equity · United States **1,010** **$8M** median round **Oct 2026** last seen
- 2 [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) *Deploying now* Private equity · United States **551** **$2.9M** 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 [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) *Deploying now* Private equity · United States **198** **$64M** median round **Nov 2026** last seen
- 5 [DST Global](https://millionrounds.com/fund/dst-global) *Deploying now* Private equity · United Kingdom **158** **$81M** median round **Oct 2026** last seen
- 6 [Bond](https://millionrounds.com/fund/bond) *Deploying now* Growth equity · United States **154** **$47M** median round **Sept 2026** last seen
- 7 [Foresite Capital](https://millionrounds.com/fund/forsite-capital) *Deploying now* Private equity · United States **121** **$90M** median round **Sept 2026** last seen
- 8 [GIC](https://millionrounds.com/fund/gic) *Deploying now* Private equity · Singapore **92** **$200M** median round **Oct 2026** last seen
- 9 [Mubadala](https://millionrounds.com/fund/mubadala) *Deploying now* Private equity · United Arab Emirates **91** **$80M** median round **Sept 2026** last seen
- 10 [Gresham House Ventures](https://millionrounds.com/fund/gresham-house-ventures) *Deploying now* Growth equity · United Kingdom **40** **$6.6M** median round **Sept 2026** last seen
- 11 [PremjiInvest](https://millionrounds.com/fund/premji-invest) *Deploying now* Private equity · India **31** **$163M** median round **Oct 2026** last seen
- 12 [Sands Capital Management](https://millionrounds.com/fund/sands-capital) *Deploying now* Growth equity · United States **18** **$740M** median round **Nov 2026** last seen
- 13 [Expedition Growth Capital](https://millionrounds.com/fund/expedition-growth-capital) *Deploying now* Growth equity · United Kingdom **14** **$22M** median round **Oct 2026** last seen
- 14 [NFDG](https://millionrounds.com/fund/nfdg) *Deploying now* Growth equity · United States **12** **$113M** median round **Jun 2026** last seen
- 15 [Argentum](https://millionrounds.com/fund/argentum) *Deploying now* Growth equity · United States **7** **$15M** median round **Nov 2025** last seen
- 16 [Tishman Speyer](https://millionrounds.com/fund/tishman-speyer) *Deploying now* Private equity · United States **7** **$70M** median round **May 2026** last seen
- 17 [Exto Partners](https://millionrounds.com/fund/exto-partners) *Deploying now* Private equity · Australia **5** **$11M** median round **Nov 2025** last seen
- 18 [Four Rivers](https://millionrounds.com/fund/four-rivers) *Deploying now* Private equity · Myanmar (Burma) **5** **$114M** median round **Jun 2026** last seen
- 19 [Puma Growth Partners](https://millionrounds.com/fund/puma-growth-partners) *Deploying now* Growth equity · United Kingdom **5** **$11M** median round **Oct 2026** last seen
- 20 [Bridgepoint](https://millionrounds.com/fund/bridgepoint-group) *Deploying now* Private equity · United Kingdom **2** **$406M** median round **Jul 2026** last seen
- 21 [Chui Ventures](https://millionrounds.com/fund/chui-ventures) quiet Private equity · United States **2** **$3.4M** median round **Jun 2025** last seen
- 22 [Mathers Associates](https://millionrounds.com/fund/mathers-associates) *Deploying now* Private equity · United States **2** **-** median round **Nov 2025** last seen
- 23 [Terminus Capital Partners](https://millionrounds.com/fund/terminus-capital-partners) *Deploying now* Private equity · United States **2** **$54M** median round **Oct 2026** last seen
- 24 [Peakfijn](https://millionrounds.com/fund/peakfijn) quiet Growth equity · Netherlands **1** **$1.1M** median round **Apr 2025** last seen
- 25 [Quantum Leap Capital](https://millionrounds.com/fund/quantum-leap-capital) quiet Growth equity · United States **1** **$1.1M** median round **Apr 2025** last seen

**10 more on this list**

All 35 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-future-of-work)

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *With* [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton)
- **5** Nov **[Nyquis](https://millionrounds.com/company/nyquis)** Seed · $6.3M *With* [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2)
- **5** Nov **[CesiumAstro](https://millionrounds.com/company/cesiumastro)** Series D+ · $730M *With* [Sands Capital Management](https://millionrounds.com/fund/sands-capital)
- **30** Oct **[Baseten](https://millionrounds.com/company/baseten)** Other · $2B *Led by* [Sands Capital Management](https://millionrounds.com/fund/sands-capital)
- **28** Oct **[Wealthsimple](https://millionrounds.com/company/wealthsimple)** Growth · $425M *Led by* [GIC](https://millionrounds.com/fund/gic)
- **28** Oct **[Wealthsimple](https://millionrounds.com/company/wealthsimple)** $302M *Led by* [GIC](https://millionrounds.com/fund/gic)

## Stages This Year

541 rounds

- Venture **21%**
- Series A **13%**
- Seed **12%**
- Series B **9%**
- Growth **9%**
- Other **36%**

## What They Backed

Sectors, last 12 months

- AI **217**
- Biotech **50**
- Fintech **49**
- Aerospace & Space **41**
- Pharma **24**
- Software **23**

## Cheques by Quarter

Led Joined

152 Q1 25

141 Q2 25

175 Q3 25

201 Q4 25

187 Q1 26

162 Q2 26

105 Q3 26

31 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)

## Reading for founders in work and hr

- Business Model You: A One-Page Method For Reinventing Your Career Tim Clark · 2012 4.00 from 4,426 ratings on Goodreads Work and HR Moats and competition Company building About the book A one-page tool to reinvent yourself and your career The global bestseller Business Model Generation introduced a unique visual way to summarize and creatively brainstorm any business or product idea on a single sheet of paper. Business Model You uses the same powerful one-page… On AmazonListen on Audible
- The Year Without Pants: WordPress.com and the Future of Work Scott Berkun · 2013 3.81 from 2,716 ratings on Goodreads Work and HR Company building About the book A behind-the-scenes look at the firm behind WordPress.com and the unique work culture that contributes to its phenomenal success50 million websites, or twenty percent of the entire web, use WordPress software. The force behind WordPress.com is a convention-defying company called… On AmazonListen on Audible
- Go It Alone!: The Secret to Building a Successful Business on Your Own – A Practical Guide for Solo Entrepreneurs Seeking Workplace Freedom Bruce Judson · 2004 3.92 from 1,043 ratings on Goodreads Work and HR Company building About the book There is an epidemic of unhappiness in the American workplace. A full 70 percent of workers in the United States report that they are disengaged from their jobs. When asked, "Do you have the opportunity to do what you do best every day?" only 20 percent of nearly 2 million… On AmazonListen on Audible
- Women in Tech: Take Your Career to the Next Level with Practical Advice and Inspiring Stories Tarah Wheeler Van Vlack · 2016 3.92 from 495 ratings on Goodreads Work and HR Company building About the book “Jam packed with insights from women in the field,” this is an invaluable career guide for the aspiring or experienced female tech professional (Forbes) As the CEO of a startup, Tarah Wheeler is all too familiar with the challenges female tech professionals face on a daily… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=hr_work).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about PE firms backing Future of Work

### Who are the most active PE firms backing Future of Work?

By cheques observed, the most active are Gaingels, Pioneer Fund, General Atlantic, Franklin Templeton and DST Global.

### How many PE firms backing Future of Work are there?

35 are on record. 77% made an investment in the last 12 months and 51% have led a round.

### Which stages do PE firms backing Future of Work back?

Of the rounds with a named stage in the last 12 months, mostly Series A (21%) and Seed (18%).

### How big are the rounds PE firms backing Future of Work join?

The typical (median) round among the leading investors here is $64M.

### Which sectors do PE firms backing Future of Work back most?

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

### Which PE firms backing Future of Work lead the most rounds?

General Atlantic (32 led), GIC (17 led) and Expedition Growth Capital (13 led).

### Where are PE firms backing Future of Work based?

Among the most active, most are based in the United States (14), the United Kingdom (5) and Singapore (1).

### What have PE firms backing Future of Work invested in recently?

Recent rounds include Soter Insure (Series B, Nov 2026, with Franklin Templeton), Nyquis (Seed, Nov 2026, with Pioneer Fund) and CesiumAstro (Series D+, Nov 2026, with Sands Capital Management).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)