# PE firms backing Supply Chain (2026 list) > 43 PE firms backing Supply Chain, 74% active in the last 12 months. Led by Gaingels, Goldman Sachs, Pioneer Fund. Ranked by what they funded. Source: https://millionrounds.com/lists/pe-firms-supply-chain (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # PE firms backing Supply Chain Updated 7 November 2026 PE firms we have observed in a supply Chain round in the last two years. [See all 43 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-supply-chain)The top 25 **43** investors on the list *+1* this week **587** cheques in 12 months *-6%* against the market **$35M** median round they joined *+335%* against the market median **74%** wrote a cheque in 12 months **60%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (22) - 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 [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) *Deploying now* Private equity · United States **551** **$2.9M** median round **Nov 2026** last seen - 4 [HSBC](https://millionrounds.com/fund/hsbc) *Deploying now* Growth equity · United Kingdom **234** **$45M** median round **Oct 2026** last seen - 5 [DST Global](https://millionrounds.com/fund/dst-global) *Deploying now* Private equity · United Kingdom **158** **$81M** median round **Oct 2026** last seen - 6 [Edison Partners](https://millionrounds.com/fund/edison-partners) *Deploying now* Private equity · United States **118** **$15M** median round **Oct 2026** last seen - 7 [WndrCo](https://millionrounds.com/fund/wndrco) *Deploying now* Private equity · United States **114** **$15M** median round **Sept 2026** last seen - 8 [Sands Capital Ventures](https://millionrounds.com/fund/sands-capital-ventures) *Deploying now* Private equity **99** **$45M** median round **Aug 2026** last seen - 9 [European Bank for Reconstruction and Development](https://millionrounds.com/fund/ebrd) *Deploying now* Private equity · United Kingdom **91** **$35M** median round **Nov 2026** last seen - 10 [Human Capital](https://millionrounds.com/fund/human-capital-2) *Deploying now* Growth equity · New Zealand **81** **$24M** median round **Oct 2026** last seen - 11 [Goldman Sachs Alternatives](https://millionrounds.com/fund/goldman-sachs-alternatives) *Deploying now* Growth equity **24** **$110M** median round **Oct 2026** last seen - 12 [Sageview Capital](https://millionrounds.com/fund/sageview-capital) quiet Growth equity · United States **19** **$30M** median round **Apr 2025** last seen - 13 [EBRD VC](https://millionrounds.com/fund/ebrd-vc) *Deploying now* Growth equity · United Kingdom **13** **$17M** median round **Jul 2026** last seen - 14 [PSP Growth](https://millionrounds.com/fund/psp-growth) *Deploying now* Private equity · United States **9** **$60M** median round **Nov 2026** last seen - 15 [Goodwell Investments](https://millionrounds.com/fund/goodwell-investments) *Deploying now* Private equity · Netherlands **8** **$3M** median round **Oct 2026** last seen - 16 [Oikocredit](https://millionrounds.com/fund/oikocredit) *Deploying now* Growth equity **7** **$13M** median round **Oct 2026** last seen - 17 [Shopify Ventures](https://millionrounds.com/fund/shopify-ventures) *Deploying now* Growth equity **7** **$85M** median round **Nov 2026** last seen - 18 [NewRoad Capital Partners](https://millionrounds.com/fund/newroad-capital-partners) *Deploying now* Private equity · United States **6** **$14M** median round **Jul 2026** last seen - 19 [Brighton Park Capital](https://millionrounds.com/fund/brighton-park-capital) *Deploying now* Private equity · United States **5** **$80M** median round **Jun 2026** last seen - 20 [W23 Global](https://millionrounds.com/fund/w23-global) *Deploying now* Growth equity · United Kingdom **4** **$35M** median round **Nov 2026** last seen - 21 [Lightsmith Group](https://millionrounds.com/fund/lightsmith-group) quiet Growth equity **4** **$20M** median round **Jan 2025** last seen - 22 [ANB Capital](https://millionrounds.com/fund/anb-capital) *Deploying now* Growth equity · Saudi Arabia **3** **$31M** median round **Sept 2026** last seen - 23 [Just Climate](https://millionrounds.com/fund/just-climate) *Deploying now* Private equity · United Kingdom **3** **$34M** median round **Apr 2026** last seen - 24 [Google's Africa Investment Fund](https://millionrounds.com/fund/google-s-africa-investment-fund) quiet Growth equity **3** **$110M** median round **Oct 2025** last seen - 25 [Valor Atreides AI Fund](https://millionrounds.com/fund/valor-atreides-ai-fund) *Deploying now* Growth equity **3** **$140M** 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-supply-chain) ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Ocient](https://millionrounds.com/company/ocient)** Series C · $100M *With* [PSP Growth](https://millionrounds.com/fund/psp-growth) - **5** Nov **[Nyquis](https://millionrounds.com/company/nyquis)** Seed · $6.3M *With* [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) - **3** Nov **[Scatec](https://millionrounds.com/company/scatec)** Debt · $217M *With* [European Bank for Reconstruction and Development](https://millionrounds.com/fund/ebrd) - **3** Nov **[Applied Compute](https://millionrounds.com/company/applied-compute)** Other · $350M *With* [Shopify Ventures](https://millionrounds.com/fund/shopify-ventures) - **2** Nov **[Larridin](https://millionrounds.com/company/larridin)** Series A · $30M *With* [W23 Global](https://millionrounds.com/fund/w23-global) - **31** Oct **[CapGrid](https://millionrounds.com/company/capgrid)** Series B · $5.3M *Led by* [Hero Enterprise Venture Partners](https://millionrounds.com/fund/hero-enterprise-venture-partners) ## Stages This Year 551 rounds - Venture **20%** - Debt **16%** - Series A **13%** - Seed **12%** - Series B **9%** - Other **30%** ## What They Backed Sectors, last 12 months - AI **229** - Fintech **50** - Aerospace & Space **35** - Financial Services **32** - Big Data & Analytics **30** - Biotech **26** ## Cheques by Quarter Led Joined 182 Q1 25 151 Q2 25 173 Q3 25 203 Q4 25 209 Q1 26 158 Q2 26 103 Q3 26 28 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 Supply Chain ### Who are the most active PE firms backing Supply Chain? By cheques observed, the most active are Gaingels, Goldman Sachs, Pioneer Fund, HSBC and DST Global. ### How many PE firms backing Supply Chain are there? 43 are on record. 74% made an investment in the last 12 months and 60% have led a round. ### Which stages do PE firms backing Supply Chain back? Of the rounds with a named stage in the last 12 months, mostly Debt (22%) and Series A (19%). ### How big are the rounds PE firms backing Supply Chain join? The typical (median) round among the leading investors here is $34M. ### Which sectors do PE firms backing Supply Chain back most? In the last 12 months, mostly AI, Fintech and Aerospace & Space. ### Which PE firms backing Supply Chain lead the most rounds? Goldman Sachs (22 led), Goldman Sachs Alternatives (13 led) and EBRD VC (13 led). ### Where are PE firms backing Supply Chain based? Among the most active, most are based in the United States (9), the United Kingdom (6) and New Zealand (1). ### What have PE firms backing Supply Chain invested in recently? Recent rounds include Ocient (Series C, Nov 2026, with PSP Growth), Nyquis (Seed, Nov 2026, with Pioneer Fund) and Scatec (Debt, Nov 2026, with European Bank for Reconstruction and Development). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)