# PE firms backing Mental Health (2026 list)

> 14 PE firms backing Mental Health, 100% active in the last 12 months. Led by Gaingels, Goldman Sachs, TCV. Ranked by what they funded.

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

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

# PE firms backing Mental Health

Updated 7 November 2026

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

[See all 14 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-mental-health)The top 14

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

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

**$42M** median round they joined *+422%* against the market median

**100%** wrote a cheque in 12 months

**71%** have led a round

## The Top 14

Ordered by cheques observed, never by anything anyone paid for

Deploying now (14)

- 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 [TCV](https://millionrounds.com/fund/tcv) *Deploying now* Private equity · United States **200** **$100M** median round **Oct 2026** last seen
- 4 [Bond](https://millionrounds.com/fund/bond) *Deploying now* Growth equity · United States **154** **$47M** median round **Sept 2026** last seen
- 5 [Gilde Healthcare](https://millionrounds.com/fund/gilde-healthcare) *Deploying now* Private equity · Netherlands **56** **$37M** median round **Jun 2026** last seen
- 6 [Blackbird](https://millionrounds.com/fund/blackbird) *Deploying now* Private equity · Australia **25** **$24M** median round **Oct 2026** last seen
- 7 [IRDI SORIDEC Gestion](https://millionrounds.com/fund/irdi-soridec-gestion) *Deploying now* Private equity · France **25** **$4.4M** median round **May 2026** last seen
- 8 [Catalyst Investors](https://millionrounds.com/fund/catalyst-investors) *Deploying now* Private equity · United States **20** **$29M** median round **Apr 2026** last seen
- 9 [Hostplus](https://millionrounds.com/fund/hostplus) *Deploying now* Private equity · Australia **15** **$100M** median round **Sept 2026** last seen
- 10 [Centana Growth Partners](https://millionrounds.com/fund/centana-growth-partners) *Deploying now* Private equity · United States **12** **$33M** median round **Apr 2026** last seen
- 11 [Hadean Ventures](https://millionrounds.com/fund/hadean-ventures) *Deploying now* Private equity · Norway **11** **$26M** median round **Sept 2026** last seen
- 12 [Nico Rosberg](https://millionrounds.com/fund/nico-rosberg) *Deploying now* Growth equity · Monaco **7** **$50M** median round **Sept 2026** last seen
- 13 [BCi](https://millionrounds.com/fund/bci) *Deploying now* Growth equity · South Korea **2** **$140M** median round **Mar 2026** last seen
- 14 [Growth Equity at Goldman Sachs Alternatives](https://millionrounds.com/fund/growth-equity-at-goldman-sachs-alternatives) *Deploying now* Growth equity **2** **$125M** median round **Oct 2026** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **29** Oct **[Solink](https://millionrounds.com/company/solink)** Growth · $100M *With* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs)
- **29** Oct **[Upwind](https://millionrounds.com/company/upwind)** Series C · $400M *With* [TCV](https://millionrounds.com/fund/tcv)
- **26** Oct **[Revolver Resources](https://millionrounds.com/company/revolver-resources)** Debt · $3M *With* [Blackbird](https://millionrounds.com/fund/blackbird)
- **26** Oct **[SpaceX](https://millionrounds.com/company/spacex)** Debt · $40B *Led by* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs)
- **23** Oct **[Coherence Neuro](https://millionrounds.com/company/coherence-neuro)** Series A · $45M *With* [Blackbird](https://millionrounds.com/fund/blackbird)
- **15** Oct **[North Cloud Holdings Inc.](https://millionrounds.com/company/north-cloud-holdings-inc)** Series B · $60M *With* [Gaingels](https://millionrounds.com/fund/gaingels)

## Stages This Year

325 rounds

- Venture **22%**
- Debt **15%**
- Series A **13%**
- Series C **9%**
- Series B **9%**
- Other **32%**

## What They Backed

Sectors, last 12 months

- AI **105**
- Aerospace & Space **34**
- Fintech **33**
- Financial Services **25**
- Biotech **23**
- Big Data & Analytics **17**

## Cheques by Quarter

Led Joined

97 Q1 25

86 Q2 25

92 Q3 25

112 Q4 25

112 Q1 26

103 Q2 26

65 Q3 26

12 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 Mental Health

### Who are the most active PE firms backing Mental Health?

By cheques observed, the most active are Gaingels, Goldman Sachs, TCV, Bond and Gilde Healthcare.

### How many PE firms backing Mental Health are there?

14 are on record. 100% made an investment in the last 12 months and 71% have led a round.

### Which stages do PE firms backing Mental Health back?

Of the rounds with a named stage in the last 12 months, mostly Debt (23%) and Series A (19%).

### How big are the rounds PE firms backing Mental Health join?

The typical (median) round among the leading investors here is $47M.

### Which sectors do PE firms backing Mental Health back most?

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

### Which PE firms backing Mental Health lead the most rounds?

Goldman Sachs (22 led), TCV (17 led) and Bond (11 led).

### Where are PE firms backing Mental Health based?

Among the most active, most are based in the United States (6), Australia (2) and the Netherlands (1).

### What have PE firms backing Mental Health invested in recently?

Recent rounds include Solink (Growth, Oct 2026, with Goldman Sachs), Upwind (Series C, Oct 2026, with TCV) and Revolver Resources (Debt, Oct 2026, with Blackbird).

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