Investor Lists

PE firms backing Insurtech

Updated 7 November 2026

PE firms we have observed in an insurtech round in the last two years.

See all 52 →The top 25
52investors on the list+2 this week
723cheques in 12 months-5% against the market
$33Mmedian round they joined+306% against the market median
69%wrote a cheque in 12 months
54%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (24)

  1. 1GaingelsDeploying nowPrivate equity · United States1,010$8Mmedian roundOct 2026last seen
  2. 2Goldman SachsDeploying nowPrivate equity · United States758$73Mmedian roundOct 2026last seen
  3. 3CitibankDeploying nowGrowth equity · United States566$20Mmedian roundOct 2026last seen
  4. 4General AtlanticDeploying nowPrivate equity · United States273$127Mmedian roundOct 2026last seen
  5. 5TCVDeploying nowPrivate equity · United States200$100Mmedian roundOct 2026last seen
  6. 6K5 GlobalDeploying nowPrivate equity · United States199$11Mmedian roundOct 2026last seen
  7. 7Franklin TempletonDeploying nowPrivate equity · United States198$64Mmedian roundNov 2026last seen
  8. 8BondDeploying nowGrowth equity · United States154$47Mmedian roundSept 2026last seen
  9. 9EurazeoDeploying nowPrivate equity · France150$28Mmedian roundOct 2026last seen
  10. 10Scottish Equity PartnersDeploying nowPrivate equity · United Kingdom141$33Mmedian roundFeb 2026last seen
  11. 11ApolloDeploying nowPrivate equity · United States114$55Mmedian roundOct 2026last seen
  12. 12Catalyst FundDeploying nowGrowth equity · United States96$3Mmedian roundOct 2026last seen
  13. 13Galaxy DigitalDeploying nowPrivate equity · United States94$12Mmedian roundSept 2026last seen
  14. 14Practical Venture CapitalDeploying nowPrivate equity · United States94$21Mmedian roundJun 2026last seen
  15. 15European Bank for Reconstruction and DevelopmentDeploying nowPrivate equity · United Kingdom91$35Mmedian roundNov 2026last seen
  16. 16Cathay CapitalDeploying nowPrivate equity · France74$29Mmedian roundOct 2026last seen
  17. 17Vista Equity PartnersDeploying nowPrivate equity · United States64$40Mmedian roundOct 2026last seen
  18. 18CPP InvestmentsDeploying nowGrowth equity59$200Mmedian roundOct 2026last seen
  19. 19SBI GroupDeploying nowGrowth equity57$14Mmedian roundNov 2026last seen
  20. 20EldridgeDeploying nowPrivate equity · United States53$50Mmedian roundOct 2026last seen
  21. 21Aozora Corporate InvestmentDeploying nowPrivate equity · Japan34$6.7Mmedian roundSept 2026last seen
  22. 22Goldman Sachs AlternativesDeploying nowGrowth equity24$110Mmedian roundOct 2026last seen
  23. 23Northwestern MutualDeploying nowPrivate equity · United States21$16Mmedian roundOct 2026last seen
  24. 24EBRD VCDeploying nowGrowth equity · United Kingdom13$17Mmedian roundJul 2026last seen
  25. 25AAC Capital PartnersquietPrivate equity · Netherlands11$1.1Mmedian roundFeb 2025last seen
27 more on this list

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Quick answers about PE firms backing Insurtech

Who are the most active PE firms backing Insurtech?

By cheques observed, the most active are Gaingels, Goldman Sachs, Citibank, General Atlantic and TCV.

How many PE firms backing Insurtech are there?

52 are on record. 69% made an investment in the last 12 months and 54% have led a round.

Which stages do PE firms backing Insurtech back?

Of the rounds with a named stage in the last 12 months, mostly Debt (27%) and Series A (14%).

How big are the rounds PE firms backing Insurtech join?

The typical (median) round among the leading investors here is $29M.

Which sectors do PE firms backing Insurtech back most?

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

Which PE firms backing Insurtech lead the most rounds?

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

Where are PE firms backing Insurtech based?

Among the most active, most are based in the United States (15), the United Kingdom (3) and France (2).

What have PE firms backing Insurtech invested in recently?

Recent rounds include Soter Insure (Series B, Nov 2026, with Franklin Templeton), Scatec (Debt, Nov 2026, with European Bank for Reconstruction and Development) and Complaion (Other, Oct 2026, with Eurazeo).

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