# PE firms backing Wearables (2026 list) > 26 PE firms backing Wearables, 96% active in the last 12 months. Led by Citibank, Smilegate Investment, Mubadala. Ranked by what they funded. Source: https://millionrounds.com/lists/pe-firms-wearables (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # PE firms backing Wearables Updated 7 November 2026 PE firms we have observed in a wearables round in the last two years. [See all 26 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-wearables)The top 25 **26** investors on the list *+5* this week **152** cheques in 12 months *-13%* against the market **$265M** median round they joined *+3213%* against the market median **96%** wrote a cheque in 12 months **27%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (24) - 1 [Citibank](https://millionrounds.com/fund/citi) *Deploying now* Growth equity · United States **566** **$20M** median round **Oct 2026** last seen - 2 [Smilegate Investment](https://millionrounds.com/fund/smilegate-investment) *Deploying now* Growth equity · South Korea **122** **$5.4M** median round **May 2026** last seen - 3 [Mubadala](https://millionrounds.com/fund/mubadala) *Deploying now* Private equity · United Arab Emirates **91** **$80M** median round **Sept 2026** last seen - 4 [Qatar Ban](https://millionrounds.com/fund/qatar-ban) *Deploying now* Growth equity · Qatar **33** **$548M** median round **Sept 2026** last seen - 5 [Steadview Capital](https://millionrounds.com/fund/steadview-capital) *Deploying now* Growth equity · United Kingdom **25** **$30M** median round **Feb 2026** last seen - 6 [Atreides](https://millionrounds.com/fund/atreides) *Deploying now* Private equity · United States **6** **$600M** median round **Aug 2026** last seen - 7 [Alpha Wave](https://millionrounds.com/fund/alpha-wave) *Deploying now* Private equity · United States **6** **$193M** median round **Oct 2026** last seen - 8 [Anne Wojcicki](https://millionrounds.com/fund/anne-wojcicki) quiet Growth equity **6** **$33M** median round **Jun 2025** last seen - 9 [Glade Brook](https://millionrounds.com/fund/glade-brook) *Deploying now* Private equity · United States **6** **$265M** median round **Jul 2026** last seen - 10 [Abbott](https://millionrounds.com/fund/abbott) *Deploying now* Private equity · United States **3** **$140M** median round **May 2026** last seen - 11 [B-FLEXION](https://millionrounds.com/fund/b-flexion) *Deploying now* Private equity · Switzerland **2** **$297M** median round **Mar 2026** last seen - 12 [Daishin Securities](https://millionrounds.com/fund/daishin-securities) *Deploying now* Private equity · South Korea **2** **$59M** median round **Oct 2026** last seen - 13 [KOREA INVESTMENT & SECURITIES](https://millionrounds.com/fund/korea-investment-and-securities) *Deploying now* Private equity · South Korea **2** **$55M** median round **Oct 2026** last seen - 14 [Affinity Partners](https://millionrounds.com/fund/affinity-partners) *Deploying now* Growth equity **1** **$575M** median round **Mar 2026** last seen - 15 [GU Investment](https://millionrounds.com/fund/gu-investment) *Deploying now* Growth equity **1** **$68M** median round **May 2026** last seen - 16 [JP LIFE NEXT1](https://millionrounds.com/fund/jp-life-next1) *Deploying now* Growth equity **1** **-** median round **Nov 2026** last seen - 17 [Karen Wazen](https://millionrounds.com/fund/karen-wazen) *Deploying now* Growth equity **1** **$575M** median round **Mar 2026** last seen - 18 [Mathieu van der Poel](https://millionrounds.com/fund/mathieu-van-der-poel) *Deploying now* Growth equity **1** **$575M** median round **Mar 2026** last seen - 19 [NextG](https://millionrounds.com/fund/nextg) *Deploying now* Growth equity **1** **-** median round **Nov 2026** last seen - 20 [Niall Horan](https://millionrounds.com/fund/niall-horan) *Deploying now* Growth equity **1** **$575M** median round **Mar 2026** last seen - 21 [OLtV Opportunity Fund](https://millionrounds.com/fund/oltv-opportunity-fund) *Deploying now* Growth equity **1** **-** median round **Nov 2026** last seen - 22 [Reggie Miller](https://millionrounds.com/fund/reggie-miller) *Deploying now* Growth equity **1** **$575M** median round **Mar 2026** last seen - 23 [Samurai Growth Fund 1](https://millionrounds.com/fund/samurai-growth-fund-1) *Deploying now* Growth equity **1** **-** median round **Nov 2026** last seen - 24 [Shane Lowry](https://millionrounds.com/fund/shane-lowry) *Deploying now* Growth equity **1** **$575M** median round **Mar 2026** last seen - 25 [Virgil van Dijk](https://millionrounds.com/fund/virgil-van-dijk) *Deploying now* Growth equity **1** **$575M** median round **Mar 2026** last seen **1 more on this list** All 26 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-wearables) ## The Newest Cheques Rounds this list's investors joined most recently - **4** Nov **[Quadlytics](https://millionrounds.com/company/quadlytics)** Series B *Led by* [JP LIFE NEXT1](https://millionrounds.com/fund/jp-life-next1) - **23** Oct **[Formic](https://millionrounds.com/company/formic)** Series B · $50M *With* [Citibank](https://millionrounds.com/fund/citi) - **19** Oct **[Even Healthcare](https://millionrounds.com/company/even-healthcare)** Series B · $50M *With* [Alpha Wave](https://millionrounds.com/fund/alpha-wave) - **13** Oct **[Seers](https://millionrounds.com/company/seers)** Debt · $82M *With* [Daishin Securities](https://millionrounds.com/fund/daishin-securities) - **8** Oct **[Stord](https://millionrounds.com/company/stord)** Debt · $400M *Led by* [Citibank](https://millionrounds.com/fund/citi) - **6** Oct **[Capitolis](https://millionrounds.com/company/capitolis)** $120M *Led by* [Citibank](https://millionrounds.com/fund/citi) ## Stages This Year 133 rounds - Debt **28%** - Venture **17%** - Growth **11%** - Series B **11%** - Series D+ **7%** - Other **26%** ## What They Backed Sectors, last 12 months - AI **33** - Fintech **16** - Financial Services **13** - Healthcare **11** - Energy **10** - Big Data & Analytics **8** ## Cheques by Quarter Led Joined 29 Q1 25 44 Q2 25 53 Q3 25 60 Q4 25 61 Q1 26 36 Q2 26 24 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) ## Quick answers about PE firms backing Wearables ### Who are the most active PE firms backing Wearables? By cheques observed, the most active are Citibank, Smilegate Investment, Mubadala, Qatar Ban and Steadview Capital. ### How many PE firms backing Wearables are there? 26 are on record. 96% made an investment in the last 12 months and 27% have led a round. ### Which stages do PE firms backing Wearables back? Of the rounds with a named stage in the last 12 months, mostly Debt (38%) and Growth (15%). ### How big are the rounds PE firms backing Wearables join? The typical (median) round among the leading investors here is $265M. ### Which sectors do PE firms backing Wearables back most? In the last 12 months, mostly AI, Fintech and Financial Services. ### Which PE firms backing Wearables lead the most rounds? Qatar Ban (6 led), Citibank (4 led) and Mubadala (4 led). ### Where are PE firms backing Wearables based? Among the most active, most are based in the United States (5), South Korea (3) and the United Arab Emirates (1). ### What have PE firms backing Wearables invested in recently? Recent rounds include Quadlytics (Series B, Nov 2026, with JP LIFE NEXT1), Formic (Series B, Oct 2026, with Citibank) and Even Healthcare (Series B, Oct 2026, with Alpha Wave). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)