Investor Lists

PE firms backing IoT

Updated 7 November 2026

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

See all 35 →The top 25
35investors on the listNo change this week
385cheques in 12 months-3% against the market
$22Mmedian round they joined+180% against the market median
83%wrote a cheque in 12 months
49%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (20)

  1. 1GaingelsDeploying nowPrivate equity · United States1,010$8Mmedian roundOct 2026last seen
  2. 2Saif PartnersDeploying nowPrivate equity · Hong Kong SAR China283$14Mmedian roundMay 2026last seen
  3. 3K5 GlobalDeploying nowPrivate equity · United States199$11Mmedian roundOct 2026last seen
  4. 4CDH InvestmentsDeploying nowPrivate equity · Hong Kong SAR China190$30Mmedian roundOct 2026last seen
  5. 5BondDeploying nowGrowth equity · United States154$47Mmedian roundSept 2026last seen
  6. 6Smilegate InvestmentDeploying nowGrowth equity · South Korea122$5.4Mmedian roundMay 2026last seen
  7. 7AtlanticDeploying nowPrivate equity · Germany53$35Mmedian roundOct 2026last seen
  8. 8Raptor GroupDeploying nowPrivate equity · United States50$15Mmedian roundSept 2026last seen
  9. 9Elevate CapitalDeploying nowPrivate equity · Peru41$1.8Mmedian roundSept 2026last seen
  10. 10VerdaneDeploying nowPrivate equity · Norway36$19Mmedian roundOct 2026last seen
  11. 11Aozora Corporate InvestmentDeploying nowPrivate equity · Japan34$6.7Mmedian roundSept 2026last seen
  12. 12Sageview CapitalquietGrowth equity · United States19$30Mmedian roundApr 2025last seen
  13. 13Expedition Growth CapitalDeploying nowGrowth equity · United Kingdom14$22Mmedian roundOct 2026last seen
  14. 14National Reconstruction FundDeploying nowGrowth equity · Australia11$40Mmedian roundJun 2026last seen
  15. 15BluStoneDeploying nowPrivate equity · Brazil5$7.5Mmedian roundJun 2026last seen
  16. 16SeraphimDeploying nowGrowth equity · India5$100Mmedian roundOct 2026last seen
  17. 17NewViewDeploying nowGrowth equity · United States4$168Mmedian roundMar 2026last seen
  18. 18DTCFDeploying nowGrowth equity4$48Mmedian roundOct 2026last seen
  19. 19Lightsmith GroupquietGrowth equity4$20Mmedian roundJan 2025last seen
  20. 20Rigel Capital ManagementquietGrowth equity · Singapore2$14Mmedian roundApr 2025last seen
  21. 21Shaw and PartnersquietPrivate equity · Australia2$16Mmedian roundJul 2025last seen
  22. 2233NDeploying nowGrowth equity2$58Mmedian roundNov 2025last seen
  23. 23Ernij NextDeploying nowGrowth equity2$46Mmedian roundSept 2026last seen
  24. 24M&G CatalystDeploying nowGrowth equity2$115Mmedian roundOct 2026last seen
  25. 25CodanquietGrowth equity · Australia1$7.2Mmedian roundJul 2025last 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 →

Quick answers about PE firms backing IoT

Who are the most active PE firms backing IoT?

By cheques observed, the most active are Gaingels, Saif Partners, K5 Global, CDH Investments and Bond.

How many PE firms backing IoT are there?

35 are on record. 83% made an investment in the last 12 months and 49% have led a round.

Which stages do PE firms backing IoT back?

Of the rounds with a named stage in the last 12 months, mostly Seed (22%) and Series A (21%).

How big are the rounds PE firms backing IoT join?

The typical (median) round among the leading investors here is $20M.

Which sectors do PE firms backing IoT back most?

In the last 12 months, mostly AI, Aerospace & Space and Fintech.

Which PE firms backing IoT lead the most rounds?

Expedition Growth Capital (13 led), Bond (11 led) and National Reconstruction Fund (7 led).

Where are PE firms backing IoT based?

Among the most active, most are based in the United States (6), Australia (3) and Hong Kong SAR China (2).

What have PE firms backing IoT invested in recently?

Recent rounds include MoSense (Seed, Oct 2026, with CDH Investments), Cygrid (Pre-seed, Oct 2026, with Atlantic) and Xona (Series D+, Oct 2026, with Seraphim).

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