# PE firms backing Healthtech (2026 list)

> 104 PE firms backing Healthtech, 83% active in the last 12 months. Led by Gaingels, Goldman Sachs, OrbiMed. Ranked by what they funded.

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

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

# PE firms backing Healthtech

Updated 7 November 2026

PE firms we have observed in a healthtech round in the last two years.

[See all 104 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-healthtech)The top 25

**104** investors on the list *+8* this week

**709** cheques in 12 months *+13%* against the market

**$47M** median round they joined *+486%* against the market median

**83%** wrote a cheque in 12 months

**52%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (24)

- 1 [Gaingels](https://millionrounds.com/fund/gaingels) *Deploying now* Private equity · United States **1,010** **$8M** median round **Oct 2026** last seen
- 2 [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) *Deploying now* Private equity · United States **758** **$73M** median round **Oct 2026** last seen
- 3 [OrbiMed](https://millionrounds.com/fund/orbimed) *Deploying now* Private equity · United States **447** **$71M** median round **Oct 2026** last seen
- 4 [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) *Deploying now* Private equity · United States **433** **$16M** median round **Aug 2026** last seen
- 5 [Saif Partners](https://millionrounds.com/fund/saif-partners) *Deploying now* Private equity · Hong Kong SAR China **283** **$14M** median round **May 2026** last seen
- 6 [General Atlantic](https://millionrounds.com/fund/general-atlantic) *Deploying now* Private equity · United States **273** **$127M** median round **Oct 2026** last seen
- 7 [TCV](https://millionrounds.com/fund/tcv) *Deploying now* Private equity · United States **200** **$100M** median round **Oct 2026** last seen
- 8 [Altair Capital](https://millionrounds.com/fund/altair-capital-2) *Deploying now* Private equity · Singapore **196** **$2.9M** median round **Oct 2026** last seen
- 9 [DST Global](https://millionrounds.com/fund/dst-global) *Deploying now* Private equity · United Kingdom **158** **$81M** median round **Oct 2026** last seen
- 10 [Invus](https://millionrounds.com/fund/invus) *Deploying now* Private equity · United States **148** **$81M** median round **Oct 2026** last seen
- 11 [Beringea](https://millionrounds.com/fund/beringea) *Deploying now* Private equity · United States **116** **$8.8M** median round **Sept 2026** last seen
- 12 [Catalyst Fund](https://millionrounds.com/fund/catalyst-fund-2) *Deploying now* Growth equity · United States **96** **$3M** median round **Oct 2026** last seen
- 13 [Mubadala](https://millionrounds.com/fund/mubadala) *Deploying now* Private equity · United Arab Emirates **91** **$80M** median round **Sept 2026** last seen
- 14 [Noro-Moseley Partners](https://millionrounds.com/fund/noro-moseley-partners) *Deploying now* Growth equity · United States **85** **$11M** median round **Apr 2026** last seen
- 15 [Addition](https://millionrounds.com/fund/addition) *Deploying now* Private equity · United States **58** **$38M** median round **Sept 2026** last seen
- 16 [Gilde Healthcare](https://millionrounds.com/fund/gilde-healthcare) *Deploying now* Private equity · Netherlands **56** **$37M** median round **Jun 2026** last seen
- 17 [Spectrum Equity](https://millionrounds.com/fund/spectrum-equity) *Deploying now* Private equity · United States **55** **$62M** median round **Sept 2026** last seen
- 18 [Andera Partners](https://millionrounds.com/fund/andera-partners) *Deploying now* Private equity · France **53** **$57M** median round **Oct 2026** last seen
- 19 [Atlantic](https://millionrounds.com/fund/atlantic) *Deploying now* Private equity · Germany **53** **$35M** median round **Oct 2026** last seen
- 20 [Stripes](https://millionrounds.com/fund/stripes) *Deploying now* Private equity · United States **51** **$92M** median round **Oct 2026** last seen
- 21 [IAG Capital Partners](https://millionrounds.com/fund/iag-capital-partners) *Deploying now* Private equity · United States **46** **$15M** median round **Sept 2026** last seen
- 22 [Boston Millennia Partners](https://millionrounds.com/fund/boston-millennia-partners) quiet Private equity · United States **43** **$18M** median round **Aug 2025** last seen
- 23 [Verdane](https://millionrounds.com/fund/verdane) *Deploying now* Private equity · Norway **36** **$19M** median round **Oct 2026** last seen
- 24 [EQT](https://millionrounds.com/fund/eqt) *Deploying now* Private equity · Sweden **35** **$62M** median round **Sept 2026** last seen
- 25 [Qatar Ban](https://millionrounds.com/fund/qatar-ban) *Deploying now* Growth equity · Qatar **33** **$548M** median round **Sept 2026** last seen

**79 more on this list**

All 104 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-healthtech)

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[VÆRIDION](https://millionrounds.com/company/v-ridion)** Series A · $34M *Led by* [Invest-NL](https://millionrounds.com/fund/invest-nl)
- **4** Nov **[Amara](https://millionrounds.com/company/amara)** Pre-seed · $4.2M *With* [ECONA AG](https://millionrounds.com/fund/econa)
- **4** Nov **[Rivio](https://millionrounds.com/company/rivio)** Series A *With* [Positive Ventures](https://millionrounds.com/fund/positive-ventures)
- **4** Nov **[Nooks](https://millionrounds.com/company/nooks)** Growth · $500M *Led by* [General Catalyst's Customer Value Fund (CVF)](https://millionrounds.com/fund/general-catalyst-s-customer-value-fund-cvf)
- **2** Nov **[Ozlo](https://millionrounds.com/company/ozlo)** Series B · $22M *With* [Accelerate Ventures](https://millionrounds.com/fund/accelerate-ventures)
- **29** Oct **[ABA Life](https://millionrounds.com/company/aba-life)** Growth · $40M *Led by* [Admaius Capital Partners](https://millionrounds.com/fund/admaius-capital-partners)

## Stages This Year

629 rounds

- Venture **17%**
- Series B **13%**
- Series A **12%**
- Debt **10%**
- Other **9%**
- Other **38%**

## What They Backed

Sectors, last 12 months

- AI **205**
- Biotech **86**
- Healthcare **66**
- Fintech **51**
- Aerospace & Space **42**
- Healthtech **41**

## Cheques by Quarter

Led Joined

165 Q1 25

150 Q2 25

169 Q3 25

213 Q4 25

228 Q1 26

189 Q2 26

162 Q3 26

47 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 health and biotech

- The Innovator's Prescription: A Disruptive Solution for Health Care Clayton M. Christensen · 2008 4.21 from 1,158 ratings on Goodreads Health and biotech Innovation Moats and competition About the book A groundbreaking prescription for health care reform--from a legendary leader in innovation... Our health care system is in critical condition. Each year, fewer Americans can afford it, fewer businesses can provide it, and fewer government programs can promise it for future… On AmazonListen on Audible
- Where Does It Hurt?: An Entrepreneur's Guide to Fixing Health Care Jonathan Bush · 2014 3.78 from 598 ratings on Goodreads Health and biotech Company building Innovation About the book A bold new remedy for the sprawling and wasteful health care industry Where else but the doctor’s office do you have to fill out a form on a clipboard? Have you noticed that hospital bills are almost unintelligible, except for the absurdly high dollar amount? Why is it that… On AmazonListen on Audible
- Ashes to Ashes: America's Hundred-Year Cigarette War, the Public Health, and the Unabashed Triumph of Philip Morris Richard Kluger · 1997 3.94 from 306 ratings on Goodreads Health and biotech Company building About the book Ashes to Ashes is a monumental history of the American tobacco industry’s ironic success in developing the cigarette, modern society’s most widespread instrument of self-destruction, into the nation’s most profitable consumer product. Starting with its energized, work-obsessed… On AmazonListen on Audible
- The Kelloggs: The Battling Brothers of Battle Creek Howard Markel · 2017 3.87 from 969 ratings on Goodreads Health and biotech Company building About the book "What's more American than Corn Flakes?" --Bing Crosby From the much admired medical historian ("Markel shows just how compelling the medical history can be"--Andrea Barrett) and author of An Anatomy of Addiction ("Absorbing, vivid"--Sherwin Nuland, The New York Times Book… On AmazonListen on Audible

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

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about PE firms backing Healthtech

### Who are the most active PE firms backing Healthtech?

By cheques observed, the most active are Gaingels, Goldman Sachs, OrbiMed, DCM Ventures and Saif Partners.

### How many PE firms backing Healthtech are there?

104 are on record. 83% made an investment in the last 12 months and 52% have led a round.

### Which stages do PE firms backing Healthtech back?

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

### How big are the rounds PE firms backing Healthtech join?

The typical (median) round among the leading investors here is $38M.

### Which sectors do PE firms backing Healthtech back most?

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

### Which PE firms backing Healthtech lead the most rounds?

General Atlantic (32 led), Goldman Sachs (22 led) and TCV (17 led).

### Where are PE firms backing Healthtech based?

Among the most active, most are based in the United States (15), Hong Kong SAR China (1) and Singapore (1).

### What have PE firms backing Healthtech invested in recently?

Recent rounds include VÆRIDION (Series A, Nov 2026, with Invest-NL), Amara (Pre-seed, Nov 2026, with ECONA AG) and Rivio (Series A, Nov 2026, with Positive Ventures).

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