Investor Lists

PE firms backing SaaS

Updated 7 November 2026

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

See all 81 →The top 25
81investors on the list+2 this week
811cheques in 12 months+2% against the market
$35Mmedian round they joined+339% against the market median
80%wrote a cheque in 12 months
52%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (23)

  1. 1GaingelsDeploying nowPrivate equity · United States1,010$8Mmedian roundOct 2026last seen
  2. 2Goldman SachsDeploying nowPrivate equity · United States758$73Mmedian roundOct 2026last seen
  3. 3Pioneer FundDeploying nowPrivate equity · United States551$2.9Mmedian roundNov 2026last seen
  4. 4General AtlanticDeploying nowPrivate equity · United States273$127Mmedian roundOct 2026last seen
  5. 5Warburg PincusDeploying nowPrivate equity · United States260$124Mmedian roundOct 2026last seen
  6. 6TCVDeploying nowPrivate equity · United States200$100Mmedian roundOct 2026last seen
  7. 7Franklin TempletonDeploying nowPrivate equity · United States198$64Mmedian roundNov 2026last seen
  8. 8DST GlobalDeploying nowPrivate equity · United Kingdom158$81Mmedian roundOct 2026last seen
  9. 9EurazeoDeploying nowPrivate equity · France150$28Mmedian roundOct 2026last seen
  10. 10Fin CapitalDeploying nowPrivate equity · United States120$15Mmedian roundSept 2026last seen
  11. 11JMI EquityDeploying nowPrivate equity · United States116$50Mmedian roundSept 2026last seen
  12. 12WndrCoDeploying nowPrivate equity · United States114$15Mmedian roundSept 2026last seen
  13. 13Blackstone GroupDeploying nowPrivate equity · United States98$200Mmedian roundSept 2026last seen
  14. 14MubadalaDeploying nowPrivate equity · United Arab Emirates91$80Mmedian roundSept 2026last seen
  15. 15FTV CapitalDeploying nowPrivate equity · United States83$55Mmedian roundSept 2026last seen
  16. 16Sorenson CapitalDeploying nowPrivate equity · United States74$25Mmedian roundOct 2026last seen
  17. 17Spectrum EquityDeploying nowPrivate equity · United States55$62Mmedian roundSept 2026last seen
  18. 18AtlanticDeploying nowPrivate equity · Germany53$35Mmedian roundOct 2026last seen
  19. 19Boston Millennia PartnersquietPrivate equity · United States43$18Mmedian roundAug 2025last seen
  20. 20Gresham House VenturesDeploying nowGrowth equity · United Kingdom40$6.6Mmedian roundSept 2026last seen
  21. 21VerdaneDeploying nowPrivate equity · Norway36$19Mmedian roundOct 2026last seen
  22. 22EQTDeploying nowPrivate equity · Sweden35$62Mmedian roundSept 2026last seen
  23. 23Cipio PartnersquietPrivate equity · Luxembourg25$11Mmedian roundMar 2025last seen
  24. 24Goldman Sachs AlternativesDeploying nowGrowth equity24$110Mmedian roundOct 2026last seen
  25. 25Providence Equity PartnersDeploying nowPrivate equity · United States19$88Mmedian roundSept 2026last seen
56 more on this list

All 81 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 →

Reading for founders in b2b software and saas

More books for founders and investors on the Reading List.

As an Amazon Associate we earn from qualifying purchases.

Quick answers about PE firms backing SaaS

Who are the most active PE firms backing SaaS?

By cheques observed, the most active are Gaingels, Goldman Sachs, Pioneer Fund, General Atlantic and Warburg Pincus.

How many PE firms backing SaaS are there?

81 are on record. 80% made an investment in the last 12 months and 52% have led a round.

Which stages do PE firms backing SaaS back?

Of the rounds with a named stage in the last 12 months, mostly Series A (18%) and Seed (16%).

How big are the rounds PE firms backing SaaS join?

The typical (median) round among the leading investors here is $55M.

Which sectors do PE firms backing SaaS back most?

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

Which PE firms backing SaaS lead the most rounds?

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

Where are PE firms backing SaaS based?

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

What have PE firms backing SaaS invested in recently?

Recent rounds include Soter Insure (Series B, Nov 2026, with Franklin Templeton), Nyquis (Seed, Nov 2026, with Pioneer Fund) and Nealle (Series C, Nov 2026, with Keyrock Capital Management Limited).

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