# PE firms backing Travel & Hospitality (2026 list) > 43 PE firms backing Travel & Hospitality, 79% active in the last 12 months. Led by Goldman Sachs, Pioneer Fund, General Atlantic. Ranked by what they funded. Source: https://millionrounds.com/lists/pe-firms-traveltech (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # PE firms backing Travel & Hospitality Updated 7 November 2026 PE firms we have observed in a travel & Hospitality round in the last two years. [See all 43 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-traveltech)The top 25 **43** investors on the list *-1* this week **562** cheques in 12 months *+4%* against the market **$50M** median round they joined *+525%* against the market median **79%** wrote a cheque in 12 months **70%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) *Deploying now* Private equity · United States **758** **$73M** median round **Oct 2026** last seen - 2 [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) *Deploying now* Private equity · United States **551** **$2.9M** median round **Nov 2026** last seen - 3 [General Atlantic](https://millionrounds.com/fund/general-atlantic) *Deploying now* Private equity · United States **273** **$127M** median round **Oct 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 [TPG](https://millionrounds.com/fund/tpg) *Deploying now* Private equity · United States **205** **$91M** median round **Nov 2026** last seen - 6 [TCV](https://millionrounds.com/fund/tcv) *Deploying now* Private equity · United States **200** **$100M** median round **Oct 2026** last seen - 7 [Altair Capital](https://millionrounds.com/fund/altair-capital-2) *Deploying now* Private equity · Singapore **196** **$2.9M** median round **Oct 2026** last seen - 8 [DST Global](https://millionrounds.com/fund/dst-global) *Deploying now* Private equity · United Kingdom **158** **$81M** median round **Oct 2026** last seen - 9 [Eurazeo](https://millionrounds.com/fund/eurazeo) *Deploying now* Private equity · France **150** **$28M** median round **Oct 2026** last seen - 10 [Beringea](https://millionrounds.com/fund/beringea) *Deploying now* Private equity · United States **116** **$8.8M** median round **Sept 2026** last seen - 11 [L Catterton](https://millionrounds.com/fund/l-catterton) *Deploying now* Private equity · United States **110** **$34M** median round **Oct 2026** last seen - 12 [Blackstone Group](https://millionrounds.com/fund/blackstone-group) *Deploying now* Private equity · United States **98** **$200M** median round **Sept 2026** last seen - 13 [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 - 14 [Spectrum Equity](https://millionrounds.com/fund/spectrum-equity) *Deploying now* Private equity · United States **55** **$62M** median round **Sept 2026** last seen - 15 [Atlantic](https://millionrounds.com/fund/atlantic) *Deploying now* Private equity · Germany **53** **$35M** median round **Oct 2026** last seen - 16 [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 - 17 [EQT](https://millionrounds.com/fund/eqt) *Deploying now* Private equity · Sweden **35** **$62M** median round **Sept 2026** last seen - 18 [Five V Capital](https://millionrounds.com/fund/five-v-capital) *Deploying now* Private equity · Australia **32** **$13M** median round **Jun 2026** last seen - 19 [PremjiInvest](https://millionrounds.com/fund/premji-invest) *Deploying now* Private equity · India **31** **$163M** median round **Oct 2026** last seen - 20 [Goldman Sachs Alternatives](https://millionrounds.com/fund/goldman-sachs-alternatives) *Deploying now* Growth equity **24** **$110M** median round **Oct 2026** last seen - 21 [Blue Owl Capital](https://millionrounds.com/fund/blue-owl-capital) *Deploying now* Private equity · United States **7** **$300M** median round **Aug 2026** last seen - 22 [Positive Sum](https://millionrounds.com/fund/positive-sum) *Deploying now* Private equity · United States **7** **$300M** median round **Aug 2026** last seen - 23 [EXS Capital Group](https://millionrounds.com/fund/exs-capital-group) *Deploying now* Private equity · Singapore **6** **$121M** median round **Mar 2026** last seen - 24 [Brighton Park Capital](https://millionrounds.com/fund/brighton-park-capital) *Deploying now* Private equity · United States **5** **$80M** median round **Jun 2026** last seen - 25 [WestCap](https://millionrounds.com/fund/westcap) *Deploying now* Private equity · United States **5** **$150M** median round **Jan 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-traveltech) ## The Newest Cheques Rounds this list's investors joined most recently - **7** Nov **[Arka Fincap](https://millionrounds.com/company/arka-fincap)** Other *Led by* [TPG](https://millionrounds.com/fund/tpg) - **5** Nov **[Nyquis](https://millionrounds.com/company/nyquis)** Seed · $6.3M *With* [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) - **30** Oct **[Neoen](https://millionrounds.com/company/neoen)** Debt · $1.3B *With* [HSBC](https://millionrounds.com/fund/hsbc) - **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) - **29** Oct **[Upwind](https://millionrounds.com/company/upwind)** Series C · $400M *With* [TCV](https://millionrounds.com/fund/tcv) ## Stages This Year 509 rounds - Venture **16%** - Debt **15%** - Series A **12%** - Seed **11%** - Growth **10%** - Other **36%** ## What They Backed Sectors, last 12 months - AI **222** - Fintech **52** - Big Data & Analytics **34** - Financial Services **29** - Cloud **26** - Software **24** ## Cheques by Quarter Led Joined 143 Q1 25 132 Q2 25 147 Q3 25 181 Q4 25 197 Q1 26 141 Q2 26 116 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) ## Reading for founders in travel and hospitality - The Suitcase Entrepreneur Natalie Sisson · 2013 3.87 from 362 ratings on Goodreads Travel and hospitality Company building About the book Everybody has the right to build a business from anywhere and design a lifestyle they love. That’s what this book will teach you to do. If you’ve always thought that having the freedom to do what you want when you want was just a pipe dream, then think again. Right now… On AmazonListen on Audible - Extreme Teams: Why Pixar, Netflix, Airbnb, and Other Cutting-Edge Companies Succeed Where Most Fail Robert Bruce Shaw · 2017 3.83 from 343 ratings on Goodreads Travel and hospitality Company building About the book Managers want great teams, but most build them around decades-old ideas and practices made popular by companies that have lost their edge. Extreme Teams looks at the new generation of teams driving growth in today’s most innovative firms. They do this by doing things… On AmazonListen on Audible - High Growth Handbook: Scaling Startups from 10 to 10,000 People [Elad Gil](https://millionrounds.com/person/elad-gil) · 2018 4.08 from 2,833 ratings on Goodreads Travel and hospitality Company building About the book Well-known technology executive and angel investor Elad Gil has worked with high growth tech companies like Airbnb, Twitter, Google, Instacart, Coinbase, Stripe, and Square as they've grown from small companies into global brands. Across all of these break-out companies, a set… On AmazonListen on Audible - Find the books for what you are building, or how you invest. [Open the Reading List](https://millionrounds.com/reading-list?role=founder&industry=travel) As an Amazon Associate we earn from qualifying purchases. ## Quick answers about PE firms backing Travel & Hospitality ### Who are the most active PE firms backing Travel & Hospitality? By cheques observed, the most active are Goldman Sachs, Pioneer Fund, General Atlantic, HSBC and TPG. ### How many PE firms backing Travel & Hospitality are there? 43 are on record. 79% made an investment in the last 12 months and 70% have led a round. ### Which stages do PE firms backing Travel & Hospitality back? Of the rounds with a named stage in the last 12 months, mostly Debt (20%) and Series A (17%). ### How big are the rounds PE firms backing Travel & Hospitality join? The typical (median) round among the leading investors here is $73M. ### Which sectors do PE firms backing Travel & Hospitality back most? In the last 12 months, mostly AI, Fintech and Big Data & Analytics. ### Which PE firms backing Travel & Hospitality lead the most rounds? General Atlantic (32 led), Goldman Sachs (22 led) and TCV (17 led). ### Where are PE firms backing Travel & Hospitality based? Among the most active, most are based in the United States (13), the United Kingdom (4) and Singapore (2). ### What have PE firms backing Travel & Hospitality invested in recently? Recent rounds include Arka Fincap (Other, Nov 2026, with TPG), Nyquis (Seed, Nov 2026, with Pioneer Fund) and Neoen (Debt, Oct 2026, with HSBC). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)