# PE firms backing Media (2026 list)

> 32 PE firms backing Media, 84% active in the last 12 months. Led by Citibank, DCM Ventures, Summit Partners. Ranked by what they funded.

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

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

# PE firms backing Media

Updated 7 November 2026

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

[See all 32 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-media)The top 25

**32** investors on the list *+1* this week

**357** cheques in 12 months *-9%* against the market

**$32M** median round they joined *+295%* against the market median

**84%** wrote a cheque in 12 months

**69%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (23)

- 1 [Citibank](https://millionrounds.com/fund/citi) *Deploying now* Growth equity · United States **566** **$20M** median round **Oct 2026** last seen
- 2 [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) *Deploying now* Private equity · United States **433** **$16M** median round **Aug 2026** last seen
- 3 [Summit Partners](https://millionrounds.com/fund/summit-partners) *Deploying now* Private equity · United States **356** **$81M** median round **Oct 2026** last seen
- 4 [General Atlantic](https://millionrounds.com/fund/general-atlantic) *Deploying now* Private equity · United States **273** **$127M** median round **Oct 2026** last seen
- 5 [TCV](https://millionrounds.com/fund/tcv) *Deploying now* Private equity · United States **200** **$100M** 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 [Eurazeo](https://millionrounds.com/fund/eurazeo) *Deploying now* Private equity · France **150** **$28M** median round **Oct 2026** last seen
- 8 [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) *Deploying now* Private equity · United States **136** **$400M** median round **Nov 2026** last seen
- 9 [Beringea](https://millionrounds.com/fund/beringea) *Deploying now* Private equity · United States **116** **$8.8M** median round **Sept 2026** last seen
- 10 [WndrCo](https://millionrounds.com/fund/wndrco) *Deploying now* Private equity · United States **114** **$15M** median round **Sept 2026** last seen
- 11 [TCG](https://millionrounds.com/fund/tcg) *Deploying now* Private equity · United States **109** **$75M** median round **Sept 2026** last seen
- 12 [Galaxy Digital](https://millionrounds.com/fund/galaxy-digital) *Deploying now* Private equity · United States **94** **$12M** median round **Sept 2026** last seen
- 13 [LB Investment](https://millionrounds.com/fund/lb-investment) *Deploying now* Private equity · South Korea **72** **$11M** median round **Nov 2026** last seen
- 14 [Ares Management](https://millionrounds.com/fund/ares-management) *Deploying now* Growth equity · United States **68** **$162M** median round **Sept 2026** last seen
- 15 [YFM Equity Partners](https://millionrounds.com/fund/yfm-equity-partners) *Deploying now* Private equity · United Kingdom **66** **$6.2M** median round **Sept 2026** last seen
- 16 [Eldridge](https://millionrounds.com/fund/eldridge) *Deploying now* Private equity · United States **53** **$50M** median round **Oct 2026** last seen
- 17 [Salem Partners](https://millionrounds.com/fund/salem-partners) *Deploying now* Growth equity **6** **$35M** median round **May 2026** last seen
- 18 [Multiples](https://millionrounds.com/fund/multiples-alternate-asset-management) *Deploying now* Private equity · India **4** **$125M** median round **Nov 2026** last seen
- 19 [Google's AI Futures Fund](https://millionrounds.com/fund/google-s-ai-futures-fund) *Deploying now* Growth equity **4** **$37M** median round **Sept 2026** last seen
- 20 [Cadenza Ventures](https://millionrounds.com/fund/cadenza) *Deploying now* Private equity · United States **3** **$9M** median round **Jul 2026** last seen
- 21 [Alea Capital Partners](https://millionrounds.com/fund/alea-capital-partners) *Deploying now* Private equity · Portugal **2** **$5M** median round **May 2026** last seen
- 22 [Dynasty Equity](https://millionrounds.com/fund/dynasty-equity) *Deploying now* Private equity · United States **2** **-** median round **Sept 2026** last seen
- 23 [FLIGHTSTORY](https://millionrounds.com/fund/flightstory) *Deploying now* Private equity · India **1** **-** median round **Dec 2025** last seen
- 24 [HarbourView Equity Partners](https://millionrounds.com/fund/harbourview-equity-partners) quiet Growth equity · United States **1** **$85M** median round **Jun 2025** last seen
- 25 [Mindfulness Capital](https://millionrounds.com/fund/mindfulness-capital) quiet Private equity · Hong Kong SAR China **1** **$17M** median round **May 2025** last seen

**7 more on this list**

All 32 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-media)

## The Newest Cheques

Rounds this list's investors joined most recently

- **3** Nov **[GIVA](https://millionrounds.com/company/giva)** Other · $100M *Led by* [Multiples](https://millionrounds.com/fund/multiples-alternate-asset-management)
- **3** Nov **[fal](https://millionrounds.com/company/fal)** $1.3B *With* [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price)
- **3** Nov **[TDS Innovation](https://millionrounds.com/company/tds-innovation)** Pre-seed · $4.8M *Led by* [LB Investment](https://millionrounds.com/fund/lb-investment)
- **31** Oct **[OpenAI](https://millionrounds.com/company/openai)** Other · $11B *Led by* [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price)
- **30** Oct **[Complaion](https://millionrounds.com/company/complaion)** Other *Led by* [Eurazeo](https://millionrounds.com/fund/eurazeo)
- **29** Oct **[Upwind](https://millionrounds.com/company/upwind)** Series C · $400M *With* [TCV](https://millionrounds.com/fund/tcv)

## Stages This Year

346 rounds

- Venture **19%**
- Debt **15%**
- Other **12%**
- Growth **11%**
- Series B **9%**
- Other **33%**

## What They Backed

Sectors, last 12 months

- AI **112**
- Fintech **34**
- Biotech **31**
- Financial Services **24**
- Media **17**
- Energy **14**

## Cheques by Quarter

Led Joined

82 Q1 25

101 Q2 25

106 Q3 25

131 Q4 25

102 Q1 26

113 Q2 26

74 Q3 26

25 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 media, entertainment and games

- Convergence Culture: Where Old and New Media Collide Henry Jenkins · 2006 3.86 from 3,860 ratings on Goodreads Media, entertainment and games About the book Convergence Culture maps a new territory: where old and new media intersect, where grassroots and corporate media collide, where the power of the media producer and the power of the consumer interact in unpredictable ways. Henry Jenkins, one of America's most respected media… On AmazonListen on Audible
- Ripped: How the Wired Generation Revolutionized Music Greg Kot · 2009 3.75 from 755 ratings on Goodreads Media, entertainment and games Company building About the book A decade ago the vast majority of mainstream music was funneled through a handful of media conglomerates. Now, more people are listening to more music from a greater variety of sources than at any time in history. And big corporations such as Viacom, Clear Channel, and Sony are… On AmazonListen on Audible
- The Chaos Machine: The Inside Story of How Social Media Rewired Our Minds and Our World Max Fisher · 2022 4.26 from 9,592 ratings on Goodreads Media, entertainment and games About the book From a New York Times investigative reporter and Pulitzer Prize finalist, “an essential book for our times” (Ezra Klein), tracking the high-stakes inside story of how Big Tech’s breakneck race to drive engagement, and profits, at all costs fractured the world We all have a… On AmazonListen on Audible
- The Creator's Code The Six Essential Skills of Extraordinary Entrepreneurs Amy Wilkinson · 2014 3.76 from 813 ratings on Goodreads Media, entertainment and games Company building About the book Each of us has the capacity to spot opportunities, invent products, and build businesses, even $100 million businesses. How do some people turn ideas into enterprises that endure? Why do some people succeed when so many others fail? The Creator’s Code unlocks the six essential… On AmazonListen on Audible

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

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about PE firms backing Media

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

By cheques observed, the most active are Citibank, DCM Ventures, Summit Partners, General Atlantic and TCV.

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

32 are on record. 84% made an investment in the last 12 months and 69% have led a round.

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

Of the rounds with a named stage in the last 12 months, mostly Debt (25%) and Growth (19%).

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

The typical (median) round among the leading investors here is $35M.

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

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

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

General Atlantic (32 led), TCV (17 led) and Summit Partners (11 led).

### Where are PE firms backing Media based?

Among the most active, most are based in the United States (16), India (2) and France (1).

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

Recent rounds include GIVA (Other, Nov 2026, with Multiples), fal (Nov 2026, with T. Rowe Price) and TDS Innovation (Pre-seed, Nov 2026, with LB Investment).

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