# PE firms backing Regtech (2026 list) > 43 PE firms backing Regtech, 77% active in the last 12 months. Led by Gaingels, Goldman Sachs, Citibank. Ranked by what they funded. Source: https://millionrounds.com/lists/pe-firms-regtech (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # PE firms backing Regtech Updated 7 November 2026 PE firms we have observed in a regtech round in the last two years. [See all 43 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-regtech)The top 25 **43** investors on the list *-1* this week **708** cheques in 12 months *-4%* against the market **$45M** median round they joined *+463%* against the market median **77%** wrote a cheque in 12 months **56%** 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 [Citibank](https://millionrounds.com/fund/citi) *Deploying now* Growth equity · United States **566** **$20M** median round **Oct 2026** last seen - 4 [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) *Deploying now* Private equity · United States **551** **$2.9M** median round **Nov 2026** last seen - 5 [Summit Partners](https://millionrounds.com/fund/summit-partners) *Deploying now* Private equity · United States **356** **$81M** median round **Oct 2026** last seen - 6 [DST Global](https://millionrounds.com/fund/dst-global) *Deploying now* Private equity · United Kingdom **158** **$81M** median round **Oct 2026** last seen - 7 [Eurazeo](https://millionrounds.com/fund/eurazeo) *Deploying now* Private equity · France **150** **$28M** median round **Oct 2026** last seen - 8 [Fin Capital](https://millionrounds.com/fund/fin-capital) *Deploying now* Private equity · United States **120** **$15M** median round **Sept 2026** last seen - 9 [Blackstone Group](https://millionrounds.com/fund/blackstone-group) *Deploying now* Private equity · United States **98** **$200M** median round **Sept 2026** last seen - 10 [Space Capital](https://millionrounds.com/fund/space-capital-2) *Deploying now* Private equity · Italy **79** **$12M** median round **Oct 2026** last seen - 11 [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) *Deploying now* Private equity · Canada **77** **$74M** median round **Sept 2026** last seen - 12 [Washington Harbour Partners Lp](https://millionrounds.com/fund/washington-harbour-partners-lp) *Deploying now* Private equity · United States **52** **$60M** median round **Nov 2026** last seen - 13 [Royal Bank of Canada](https://millionrounds.com/fund/royal-bank-of-canada) *Deploying now* Growth equity · Canada **46** **$100M** median round **Oct 2026** last seen - 14 [Gresham House Ventures](https://millionrounds.com/fund/gresham-house-ventures) *Deploying now* Growth equity · United Kingdom **40** **$6.6M** median round **Sept 2026** last seen - 15 [Riverside Acceleration Capital](https://millionrounds.com/fund/riverside-acceleration-capital) *Deploying now* Growth equity · United States **34** **$14M** median round **Sept 2026** last seen - 16 [Goldman Sachs Alternatives](https://millionrounds.com/fund/goldman-sachs-alternatives) *Deploying now* Growth equity **24** **$110M** median round **Oct 2026** last seen - 17 [Northwestern Mutual](https://millionrounds.com/fund/northwestern-mutual-future-ventures) *Deploying now* Private equity · United States **21** **$16M** median round **Oct 2026** last seen - 18 [One Peak](https://millionrounds.com/fund/one-peak) *Deploying now* Growth equity · United Kingdom **14** **$34M** median round **Jul 2026** last seen - 19 [SVB Capital](https://millionrounds.com/fund/svb-capital-2) *Deploying now* Growth equity · United States **14** **$33M** median round **Nov 2025** last seen - 20 [Marlin Equity Partners](https://millionrounds.com/fund/marlin-equity-partners) *Deploying now* Private equity · United States **10** **$1.3B** median round **Oct 2026** last seen - 21 [S&P Global](https://millionrounds.com/fund/s-and-p-global) *Deploying now* Growth equity · United States **7** **$18M** median round **Sept 2026** last seen - 22 [BlackFin Capital Partners](https://millionrounds.com/fund/blackfin-capital-partners-2) *Deploying now* Private equity · France **6** **$30M** median round **Sept 2026** last seen - 23 [Lytical Ventures](https://millionrounds.com/fund/lytical-ventures) *Deploying now* Private equity · United States **6** **$9.6M** median round **Oct 2026** last seen - 24 [West Hill Capital](https://millionrounds.com/fund/west-hill-capital) quiet Private equity · United Kingdom **6** **$11M** median round **Oct 2025** last seen - 25 [TIAA Ventures](https://millionrounds.com/fund/tiaa-ventures) *Deploying now* Growth equity **6** **$78M** median round **Apr 2026** last seen **18 more on this list** All 43 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-regtech) ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Nyquis](https://millionrounds.com/company/nyquis)** Seed · $6.3M *With* [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) - **2** Nov **[Northwood Space](https://millionrounds.com/company/northwood-space)** Series C · $375M *With* [Washington Harbour Partners Lp](https://millionrounds.com/fund/washington-harbour-partners-lp) - **30** Oct **[Complaion](https://millionrounds.com/company/complaion)** Other *Led by* [Eurazeo](https://millionrounds.com/fund/eurazeo) - **29** Oct **[Solink](https://millionrounds.com/company/solink)** Growth · $100M *With* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) - **26** Oct **[Epoch](https://millionrounds.com/company/epoch)** Seed · $4.3M *Led by* [Sand River](https://millionrounds.com/fund/sand-river) - **26** Oct **[Paradev](https://millionrounds.com/company/paradev)** Seed · $12M *With* [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) ## Stages This Year 650 rounds - Venture **21%** - Debt **16%** - Series A **13%** - Seed **11%** - Series B **8%** - Other **31%** ## What They Backed Sectors, last 12 months - AI **249** - Fintech **63** - Aerospace & Space **50** - Big Data & Analytics **43** - Financial Services **40** - Biotech **28** ## Cheques by Quarter Led Joined 196 Q1 25 184 Q2 25 203 Q3 25 238 Q4 25 261 Q1 26 194 Q2 26 129 Q3 26 29 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) ## Quick answers about PE firms backing Regtech ### Who are the most active PE firms backing Regtech? By cheques observed, the most active are Gaingels, Goldman Sachs, Citibank, Pioneer Fund and Summit Partners. ### How many PE firms backing Regtech are there? 43 are on record. 77% made an investment in the last 12 months and 56% have led a round. ### Which stages do PE firms backing Regtech back? Of the rounds with a named stage in the last 12 months, mostly Debt (23%) and Series A (18%). ### How big are the rounds PE firms backing Regtech join? The typical (median) round among the leading investors here is $30M. ### Which sectors do PE firms backing Regtech back most? In the last 12 months, mostly AI, Fintech and Aerospace & Space. ### Which PE firms backing Regtech lead the most rounds? Goldman Sachs (22 led), Goldman Sachs Alternatives (13 led) and DST Global (12 led). ### Where are PE firms backing Regtech based? Among the most active, most are based in the United States (14), the United Kingdom (4) and France (2). ### What have PE firms backing Regtech invested in recently? Recent rounds include Nyquis (Seed, Nov 2026, with Pioneer Fund), Northwood Space (Series C, Nov 2026, with Washington Harbour Partners Lp) and Complaion (Other, Oct 2026, with Eurazeo). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)