# TPG Portfolio Map 2026: 90 Startups by Sector

> TPG's portfolio mapped: 90 startups it has backed, in 12 sectors from Biotech, Fintech and AI on. $437B raised between them; logos, funding and rounds.

Source: https://millionrounds.com/portfolio-maps/tpg-portfolio-map (Millionrounds; every figure on the page links to its filing or article)

## Biotech

26

- [Ultragenyx Pharmaceutical](https://millionrounds.com/company/ultragenyx-pharmaceutical)
- [Trevi Therapeutics](https://millionrounds.com/company/trevi-therapeutics)
- [Allogene Therapeutics](https://millionrounds.com/company/allogene-therapeutics)
- [Odyssey Therapeutics](https://millionrounds.com/company/odyssey-therapeutics)
- [*AB* Asklepios BioPharmaceuticals](https://millionrounds.com/company/asklepios-biopharmaceuticals)
- [ADCendo](https://millionrounds.com/company/adcendo)
- [Unchained Labs](https://millionrounds.com/company/unchained-labs)
- [DNAnexus](https://millionrounds.com/company/dnanexus)
- [*FP* Five Prime Therapeutics](https://millionrounds.com/company/five-prime-therapeutics)
- [Calm](https://millionrounds.com/company/calm)
- [Ouro Medicines](https://millionrounds.com/company/ouro-medicines)
- [*FP* Fusion Pharamaceuticals](https://millionrounds.com/company/fusion-pharamaceuticals)
- [Satsuma Pharmaceuticals](https://millionrounds.com/company/satsuma-pharmaceuticals)
- [Fusion Pharmaceuticals](https://millionrounds.com/company/fusion-pharmaceuticals)
- [MBrace Therapeutics](https://millionrounds.com/company/mbrace-therapeutics)
- [*GP* Genoa Pharmaceuticals](https://millionrounds.com/company/genoa-pharmaceuticals)
- [*SP* Sasuma Pharmaceuticals](https://millionrounds.com/company/sasuma-pharmaceuticals)
- [Carisma](https://millionrounds.com/company/carisma)
- [*ET* Entasis Therapeutics](https://millionrounds.com/company/entasis-therapeutics)
- [Precision Medicine Group](https://millionrounds.com/company/precision-medicine-group)
- [Solara Active Pharma](https://millionrounds.com/company/solara-active-pharma)
- [Nodality](https://millionrounds.com/company/nodality)
- [*P* PatientSafe](https://millionrounds.com/company/patientsafe)
- [*P* Progyny](https://millionrounds.com/company/progyny)

+2 more

## Fintech

11

- [Elevex Capital](https://millionrounds.com/company/elevex-capital)
- [Kakaobank](https://millionrounds.com/company/kakaobank)
- [Box](https://millionrounds.com/company/box)
- [Acorns](https://millionrounds.com/company/acorns)
- [Trumid](https://millionrounds.com/company/trumid)
- [*J* Janalakshmi](https://millionrounds.com/company/janalakshmi)
- [Super.com](https://millionrounds.com/company/super-com)
- [Tide](https://millionrounds.com/company/tide)
- [*CM* CFPA Microfinance Management](https://millionrounds.com/company/cfpa-microfinance-management)
- [Five Star Business Finance](https://millionrounds.com/company/five-star-business-finance)
- [Bettr Credit](https://millionrounds.com/company/bettr-credit)

## AI

9

- [OpenAI](https://millionrounds.com/company/openai)
- [Anthropic](https://millionrounds.com/company/anthropic)
- [Databricks](https://millionrounds.com/company/databricks)
- [Crusoe](https://millionrounds.com/company/crusoe)
- [OpenAI Deployment Company](https://millionrounds.com/company/openai-deployment-company)
- [Intersect Power](https://millionrounds.com/company/intersect-power)
- [Monolith AI](https://millionrounds.com/company/monolith-ai)
- [*Z* Zum](https://millionrounds.com/company/zum)
- [*E* Expanse](https://millionrounds.com/company/expanse)

## Internet

8

- [*A* Airbnb](https://millionrounds.com/company/airbnb)
- [Vice Media](https://millionrounds.com/company/vice-media)
- [Uxin](https://millionrounds.com/company/uxin)
- [Frontier Car Group](https://millionrounds.com/company/frontier-car-group)
- [BookMyShow](https://millionrounds.com/company/bookmyshow)
- [Nykaa](https://millionrounds.com/company/nykaa)
- [*S* Shixianghui](https://millionrounds.com/company/shixianghui)
- [Cars45](https://millionrounds.com/company/cars45)

## Pharma

6

- [Vaxcyte](https://millionrounds.com/company/vaxcyte)
- [moksha8 Pharmaceuticals](https://millionrounds.com/company/moksha8-pharmaceuticals)
- [Bicara Therapeutics](https://millionrounds.com/company/bicara-therapeutics)
- [OneSource](https://millionrounds.com/company/onesource)
- [Sling Therapeutics](https://millionrounds.com/company/sling-therapeutics)
- [Sudo Biosciences](https://millionrounds.com/company/sudo-biosciences)

## Cybersecurity

5

- [Tanium](https://millionrounds.com/company/tanium)
- [Sonatype](https://millionrounds.com/company/sonatype)
- [Zscaler](https://millionrounds.com/company/zscaler)
- [Guardicore](https://millionrounds.com/company/guardicore)
- [*A* AU10TIX](https://millionrounds.com/company/au10tix)

## Advertising & Adtech

5

- [*D* Duiba](https://millionrounds.com/company/duiba)
- [Swrve](https://millionrounds.com/company/swrve)
- [CreatorIQ](https://millionrounds.com/company/creatoriq)
- [RD Station](https://millionrounds.com/company/rd-station)
- [Panoramic](https://millionrounds.com/company/panoramic)

## Cleantech

5

- [Enpal](https://millionrounds.com/company/enpal)
- [Beta Renewables](https://millionrounds.com/company/beta-renewables)
- [Summit Carbon Solutions](https://millionrounds.com/company/summit-carbon-solutions)
- [Twelve](https://millionrounds.com/company/twelve)
- [Fourth Partner Energy](https://millionrounds.com/company/fourth-partner-energy)

## Foodtech

4

- [Chobani](https://millionrounds.com/company/chobani)
- [Roka Bioscience](https://millionrounds.com/company/roka-bioscience)
- [Dodla Dairy](https://millionrounds.com/company/dodla-dairy)
- [DayBreak](https://millionrounds.com/company/daybreak)

## IT Services

4

- [Domo](https://millionrounds.com/company/domo)
- [*K* Kaseya](https://millionrounds.com/company/kaseya)
- [CloudShield Technologies](https://millionrounds.com/company/cloudshield-technologies)
- [Dealstack](https://millionrounds.com/company/dealstack)

## Healthtech

4

- [Monogram Health](https://millionrounds.com/company/monogram-health)
- [Evolent Health](https://millionrounds.com/company/evolent-health)
- [PatientSafe Solutions](https://millionrounds.com/company/patientsafe-solutions)
- [*SM* Saluda Medical](https://millionrounds.com/company/saluda-medical)

## Logistics

3

- [Zipline](https://millionrounds.com/company/zipline)
- [*T* Toast](https://millionrounds.com/company/toast)
- [project44](https://millionrounds.com/company/project44)

## Segment by segment

### Biotech

26 startups · $3.5B raised

- [**Ultragenyx Pharmaceutical**](https://millionrounds.com/company/ultragenyx-pharmaceutical) Ultragenyx Pharmaceutical focuses on the development of various products for the treatment of rare and ultra-rare diseases. United States $535M
- [**Trevi Therapeutics**](https://millionrounds.com/company/trevi-therapeutics) Trevi Therapeutics is a clinical-stage biopharmaceutical company that develops drugs for treating uremic pruritus. United States $386M
- [**Allogene Therapeutics**](https://millionrounds.com/company/allogene-therapeutics) Allogene Therapeutics is a biotechnology company catalyzing cancer treatment through the development of CAR T therapy. United States $310M
- [**Odyssey Therapeutics**](https://millionrounds.com/company/odyssey-therapeutics) Odyssey Therapeutics creates precision immunomodulators and oncology medicines for patients with cancer and inflammatory diseases. United States $238M
- [*AB* **Asklepios BioPharmaceuticals**](https://millionrounds.com/company/asklepios-biopharmaceuticals) United States $235M
- [**ADCendo**](https://millionrounds.com/company/adcendo) Adcendo ApS is a clinical-stage biotechnology company based in Frederiksberg, Copenhagen, Denmark, with operational offices in Bos Denmark $210M
- [**Unchained Labs**](https://millionrounds.com/company/unchained-labs) Unchained Labs is a developer of life science biologics tools designed to help researchers break free from tools that just don't cut it. United States $193M
- [**DNAnexus**](https://millionrounds.com/company/dnanexus) DNAnexus develops a cloud platform and global network designed for scientific collaboration and accelerated discovery. United States $173M

### Fintech

11 startups · $4.1B raised

- [**Elevex Capital**](https://millionrounds.com/company/elevex-capital) Elevex capital is a commercial equipment financing firm that provides financing solutions for business sectors. United States $1.0B
- [**Kakaobank**](https://millionrounds.com/company/kakaobank) Kakaobank offers digital banking, loans, and financial services. - $904M
- [**Box**](https://millionrounds.com/company/box) Box (NYSE:BOX) is the Intelligent Content Cloud, a single platform that enables organizations to fuel collaboration, manage the en United States $564M
- [**Acorns**](https://millionrounds.com/company/acorns) Acorns is a global financial wellness app that focuses on micro-investing, helping everyday people and families save and invest sm United States $438M
- [**Trumid**](https://millionrounds.com/company/trumid) Trumid is a financial technology company based in New York, specializing in electronic trading for fixed income and credit markets. United States $331M
- [*J* **Janalakshmi**](https://millionrounds.com/company/janalakshmi) India $246M
- [**Super.com**](https://millionrounds.com/company/super-com) Super.com is a technology company based in San Francisco, specializing in fintech and commerce. United States $210M
- [**Tide**](https://millionrounds.com/company/tide) Tide is a UK business financial platform providing business current accounts and admin tools, including invoicing, expense manage United Kingdom $194M

### AI

9 startups · $413B raised

- [**OpenAI**](https://millionrounds.com/company/openai) OpenAI is an artificial intelligence research and deployment company based in San Francisco. United States $230B
- [**Anthropic**](https://millionrounds.com/company/anthropic) United States $134B
- [**Databricks**](https://millionrounds.com/company/databricks) Databricks is a data and AI company that provides a unified, cloud-based platform designed for data analytics, artificial intellig United States $34B
- [**Crusoe**](https://millionrounds.com/company/crusoe) Crusoe is an energy-first AI infrastructure company that develops and operates large-scale, AI-optimized data centers powered by c United States $9.9B
- [**OpenAI Deployment Company**](https://millionrounds.com/company/openai-deployment-company) OpenAI Deployment Company provides artificial intelligence software services. United States $4.0B
- [**Intersect Power**](https://millionrounds.com/company/intersect-power) Intersect delivers scalable energy and digital infrastructure solutions for AI data centers. United States $800M
- [**Monolith AI**](https://millionrounds.com/company/monolith-ai) Monolith AI develops an AI assistant designed to help engineers improve product development. United Kingdom $265M
- [*Z* **Zum**](https://millionrounds.com/company/zum) United States $100M

### Internet

8 startups · $6.2B raised

- [*A* **Airbnb**](https://millionrounds.com/company/airbnb) United States $4.0B
- [**Vice Media**](https://millionrounds.com/company/vice-media) Coming to you from around the world, VICE Digital’s team strives to capture the people at the heart of stories, and focus on the i United States $780M
- [**Uxin**](https://millionrounds.com/company/uxin) 优信集团是国内首家美国上市二手车企业。通过专业的选品、严苛的检测标准、完善的售后服务,让消费者拥有好车更简单。 China $670M
- [**Frontier Car Group**](https://millionrounds.com/company/frontier-car-group) Frontier Car Group develops, launches, and operates used-automotive marketplaces within emerging market economies. Nigeria $547M
- [**BookMyShow**](https://millionrounds.com/company/bookmyshow) BookMyShow is India's largest entertainment ticketing platform, providing a convenient digital service for millions to book ticket India $143M
- [**Nykaa**](https://millionrounds.com/company/nykaa) Buy cosmetics & beauty products online from Nykaa, the online shopping beauty store. India $51M
- [*S* **Shixianghui**](https://millionrounds.com/company/shixianghui) China $45M
- [**Cars45**](https://millionrounds.com/company/cars45) Cars45 buys, sells, prices, and rates the condition of pre-owned autos. Nigeria $5.0M

### Pharma

6 startups · $1.3B raised

- [**Vaxcyte**](https://millionrounds.com/company/vaxcyte) Vaxcyte focuses on developing vaccines designed to prevent or treat some of the most common and deadly infectious diseases worldwide. United States $633M
- [**moksha8 Pharmaceuticals**](https://millionrounds.com/company/moksha8-pharmaceuticals) Moksha8 is a pharmaceutical company providing therapeutics for the treatment of central nervous system and mental health disorders. United States $224M
- [**Bicara Therapeutics**](https://millionrounds.com/company/bicara-therapeutics) Bicara Therapeutics develops dual-action cancer therapies, combining targeted treatments with tumor modulators for enhanced impact. United States $150M
- [**OneSource**](https://millionrounds.com/company/onesource) OneSource offers internet-based services for business efficiency, including IT management and cybersecurity. - $125M
- [**Sling Therapeutics**](https://millionrounds.com/company/sling-therapeutics) Sling Therapeutics is a private biopharmaceutical company based in Ann Arbor, Michigan. United States $123M
- [**Sudo Biosciences**](https://millionrounds.com/company/sudo-biosciences) Sudo Biosciences is a clinical-stage biopharmaceutical company founded in 2020, based in Carmel, Indiana, with operations in the US and UK. United States $30M

### Cybersecurity

5 startups · $1.0B raised

- [**Tanium**](https://millionrounds.com/company/tanium) Tanium is a privately held company focused on Autonomous IT, specializing in cybersecurity and systems management. United States $577M
- [**Sonatype**](https://millionrounds.com/company/sonatype) Sonatype is the developer-friendly full-spectrum software supply chain management platform helps organizations and software developers. United States $156M
- [**Zscaler**](https://millionrounds.com/company/zscaler) Zscaler empowers enterprises to modernize security, streamline operations and help transform business through its innovative appro United States $148M
- [**Guardicore**](https://millionrounds.com/company/guardicore) Guardicore provides micro-segmentation and workload protection solutions for data centers and public clouds. United States $80M
- [*A* **AU10TIX**](https://millionrounds.com/company/au10tix) Cyprus $80M

### Advertising & Adtech

5 startups · $323M raised

- [*D* **Duiba**](https://millionrounds.com/company/duiba) Duiba provides mobile developer services. China $110M
- [**Swrve**](https://millionrounds.com/company/swrve) Swrve is the world's leading mobile marketing automation platform, pioneering the fast-growing mobile engagement marketing space. United States $76M
- [**CreatorIQ**](https://millionrounds.com/company/creatoriq) CreatorIQ is an enterprise software company based in Culver City, California, specializing in influencer marketing and creator management. United States $52M
- [**RD Station**](https://millionrounds.com/company/rd-station) RD Station helps customers build, execute, and measure digital marketing strategies. Brazil $50M
- [**Panoramic**](https://millionrounds.com/company/panoramic) Panoramic is an enterprise SaaS company founded in 2018 that provides a marketing intelligence platform tailored for marketers. United States $35M

### Cleantech

5 startups · $1.9B raised

- [**Enpal**](https://millionrounds.com/company/enpal) Enpal is a photovoltaics leasing firm that provides solar power systems for homeowners. Germany $1.0B
- [**Beta Renewables**](https://millionrounds.com/company/beta-renewables) Beta Renewables is a biofuels and biochemical company. Italy $344M
- [**Summit Carbon Solutions**](https://millionrounds.com/company/summit-carbon-solutions) Summit Carbon Solutions (SCS) is a U.S.-based decarbonization platform headquartered in Ames, Iowa. United States $300M
- [**Twelve**](https://millionrounds.com/company/twelve) Twelve offers smart payment solutions such as software modules, links, ordering solutions, internet solutions, communication & sponsorship. United States $117M
- [**Fourth Partner Energy**](https://millionrounds.com/company/fourth-partner-energy) Fourth Partner Energy provides rooftop solar energy solutions. India $72M

### Foodtech

4 startups · $939M raised

- [**Chobani**](https://millionrounds.com/company/chobani) Chobani is a food company that produces and markets Greek yogurt crafted from natural ingredients. United States $750M
- [**Roka Bioscience**](https://millionrounds.com/company/roka-bioscience) Roka Bioscience develops molecular assays and instrument systems for the food safety industry. United States $109M
- [**Dodla Dairy**](https://millionrounds.com/company/dodla-dairy) Dodla Dairy processes and supplies milk and value-added dairy products. India $50M
- [**DayBreak**](https://millionrounds.com/company/daybreak) Daybreak is a technology company based in San Francisco that specializes in governed AI labor for enterprise supply chain decisions. Japan $29M

### IT Services

4 startups · $1.2B raised

- [**Domo**](https://millionrounds.com/company/domo) Paving the way for a fully digital utility ecosystem in Uzbekistan, with efficiency, transparency, and people at the center. United States $584M
- [*K* **Kaseya**](https://millionrounds.com/company/kaseya) Ireland $545M
- [**CloudShield Technologies**](https://millionrounds.com/company/cloudshield-technologies) CloudShield Technologies provides IP service control and infrastructure protection solutions on network and content processing platforms. United States $25M
- [**Dealstack**](https://millionrounds.com/company/dealstack) Dealstack is a London-based SaaS platform designed to enhance private equity dealmaking and modernize private capital operations. United Kingdom $9.3M

### Healthtech

4 startups · $828M raised

- [**Monogram Health**](https://millionrounds.com/company/monogram-health) Monogram Health is a leading provider of in-home, evidence-based care and benefit management services for patients with complex, p United States $380M
- [**Evolent Health**](https://millionrounds.com/company/evolent-health) Evolent Health specializes in delivering clinical and administrative solutions. United States $346M
- [**PatientSafe Solutions**](https://millionrounds.com/company/patientsafe-solutions) PatientSafe Solutions offers mobile point-of-care solutions and technologies for accountable care. United States $72M
- [*SM* **Saluda Medical**](https://millionrounds.com/company/saluda-medical) United States $30M

### Logistics

3 startups · $2.9B raised

- [**Zipline**](https://millionrounds.com/company/zipline) DataMax Group was acquired by PDI in April 2017. United States $2.2B
- [*T* **Toast**](https://millionrounds.com/company/toast) United States $534M
- [**project44**](https://millionrounds.com/company/project44) project44 is a leading Decision Intelligence Platform for supply chains, headquartered in Chicago, IL. United States $171M

**How this map is made.** Every startup here has raised money in a round we track that names TPG as an investor, the first in 2005. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Private equity · United States **Gaingels** 493 startups · 12 sectors · $40B](https://millionrounds.com/portfolio-maps/gaingels-portfolio-map)[Private equity · United States **Goldman Sachs** 294 startups · 12 sectors · $163B](https://millionrounds.com/portfolio-maps/goldman-sachs-portfolio-map)[Private equity · United States **Pioneer Fund** 289 startups · 12 sectors · $5.9B](https://millionrounds.com/portfolio-maps/pioneer-fund-2-portfolio-map)[Private equity · United States **RA Capital Management** 264 startups · 5 sectors · $48B](https://millionrounds.com/portfolio-maps/ra-capital-management-portfolio-map)[Private equity · United States **OrbiMed** 221 startups · 4 sectors · $34B](https://millionrounds.com/portfolio-maps/orbimed-portfolio-map)[Private equity · United States **Cormorant Asset Management** 123 startups · 3 sectors · $25B](https://millionrounds.com/portfolio-maps/cormorant-asset-management-portfolio-map)

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