Startup · $222.5m raised · Energy · AI
Critical infrastructure digital twin modelling company
Sydney, NSW
Every investor coverage indicates participated in a round Neara raised.
| Investor | Rounds | Invested |
|---|---|---|
| Artesian VC | Series D+ | - |
| TCV | Series D+ | - |
| Technology Crossover Ventures | Series D+ | - |
| OIF Ventures | Series B | - |
| EQT | Series D+ · Series C · undisclosed | - |
| Partners Group | Series D+ · Series C · undisclosed | - |
| Prosus Ventures | Series C · undisclosed · Series B | - |
| Skip Capital | Series D+ · Series C · undisclosed · Series B · Series B · Series A | - |
| Square Peg Capital | Series D+ · Series C · undisclosed · Series B · Series B · Series A | - |
Investors whose own portfolio pages list Neara, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Glitch Capital | its portfolio page ↗ |
| Polipo Ventures | its portfolio page ↗ |
Companies Neara acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Neara. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly people-moves column: new executives at allt, SQC, Redbelly Network, InDebted and Neara, including Clive Dickens joining allt's board and Chris McNamara becoming InDebted's CEO.
Heidi raised US$100m in a Blackbird-led Series C plus US$240m in customer-acquisition finance from General Catalyst, reaching a $1.26 billion valuation as Australia's fourth billion-dollar startup of the year.
Also Dealroom·This Week in Australian Startups·Dynamic Business·This Week in Australian Startups
Australian grid digital-twin startup Neara raised a $90 million Series D led by TCV, reaching unicorn status amid rising data centre power demand.
Australian grid-modelling startup Neara raised a $90 million Series D led by TCV, valuing the company above $1 billion, funding ML and expansion.
Square Peg's half-year investor letter reports two funds reaching final close, three exits including Talon.One's sale to Adyen, realisations past US$1bn, and a framework for judging AI disruption across its portfolio.
Square Peg reports 30% portfolio growth, US$1bn+ cumulative realisations, US$138m returned this half, closes two new funds, and outlines an AI disruption framework.
Weekly roundup of ten Australian and New Zealand startup raises totalling nearly $194 million, topped by Neara's $90 million round at a $1.1 billion valuation, with Splose, Operata, HAMR Energy and Adora also covered.
Neara joins the unicorn club after a TCV-led $90 million Series D at a $1.1 billion valuation, with existing backers participating; funds will fuel global expansion and engineering hires.
Square Peg's half-year investor letter reviews its accelerating AI investing, portfolio companies' progress including several completed raises, listed fund returns, a new data hire, and ongoing fundraising for its 2025 vintage funds.
In its half-year letter, Square Peg explains how it picks AI founders, reports several portfolio companies' recent raises, flags a data engineering hire, and says fundraising for its next funds is well advanced.
Also Tech Funding News - Australia·Forbes Australia·SmartCompany·SmartCompany·Startup Daily·Startup Daily
Glitch Capital, a new $50m vehicle led by Leigh Jasper and backed by exited unicorn founders, has completed its first deal, backing Melbourne edtech firm Cadmus.
OIF Ventures' 2024 review: two portfolio companies acquired, a talent-leadership hire, its fourth fund deploying, new investments in eight named startups and nine follow-on rounds.
Round-up reporting Neara's $45 million Series C, Alimetry's US$18 million Series A2, Earthodic's US$4 million seed, and Antler's latest residency intake of startups each receiving $225,000 for 12% stakes.
Also Startup Daily
Neara, an Australian AI infrastructure startup, raised $45 million led by EQT, Partners Group and Square Peg Capital, with Skip Capital and Prosus Ventures returning; funds target North American and European expansion.
TechCrunch profiles Neara, an Australian startup whose AI models of electricity networks help utilities predict and manage extreme-weather risks, naming its investors and utility customers.
Mike Cannon-Brookes' investment vehicle Grok Ventures has hired Tan Kueh, ex-Macquarie, UBS and BlackRock, as CEO, joining CIO Jeremy Kwong-Law, as it sharpens its strategy around climate investing.
Square Peg's latest letter to investors reviews 2023 performance, recalls early bets on Canva and Airwallex, and introduces three hires across fundraising, public-markets investing, and people functions.
Square Peg's half-year letter to investors reviews 2023: fewer new bets, portfolio revenue milestones led by Canva, an AI investment thesis, conditions in Israel, and three new hires.
Feature on Australia's fast-growing climate tech sector, recounting raises at companies including Neara, Loam Bio, Goterra and Great Wrap, and warning that scarce growth capital and limited foreign investment could stall the industry.
OIF Ventures' year in review: full Eftsure exit, Opportunity Fund close, Visory, DataMasque and Nullify backed, follow-ons at Inspace and Dataweavers, new team members and portfolio milestones.
Also OIF Ventures portfolio·OIF Ventures portfolio·OIF Ventures portfolio
Square Peg partner James Tynan interviews Neara's chief commercial officer Jack Curtis on the company's 3D modelling of energy networks, doubling grid capacity, and constraints on the energy transition.
Square Peg partners discuss climate tech investing at the firm's AGM: venture's role, regulation, energy cost tailwinds, and startups they flag such as Tomorrow.io, Vow, Neara and Amber; also recalls Occidental buying Carbon Engineering.
Also Crunchbase News
Square Peg's blog runs a conversation from its 2023 AGM in which partner James Tynan interviews Neara's chief commercial officer Jack Curtis about the company's grid-modelling software and the energy transition.
Boutique venture capital and advisory shop Happenco has completed its debut fund at $12 million, most of which is already invested across a portfolio of early-stage companies.
Neara, an energy-sector digital twin platform, has raised a $15.25 million Series B extension with Prosus Ventures leading and prior backers Square Peg and Skip Capital returning, to fund US and European expansion.
Sydney AI infrastructure-modelling firm Neara extended its Series B by $10M, with Prosus Ventures joining backers Skip Capital and Square Peg, lifting the round to $24M for expansion into Europe and the US.
Square Peg has promoted James Tynan, a 2020 hire who previously ran Startmate, to partner; the piece also lists startups he has backed for the firm, such as Vow, Neara, Partly and Blinq.
Square Peg announces James Tynan as its newest partner, with reflections from Vow's CEO and Square Peg's investment team on his approach, plus his board roles at Partly and Neara and sector outlook.
OIF Ventures' newsletter announces leading Nullify's pre-seed round, two investment team hires, portfolio company awards and product launches, and Go1's acquisition of Anders Pink.
OIF Ventures' note explains its decision to back Neara's A$20 million Series B alongside Skip Capital and Square Peg, describing the infrastructure-modelling startup's technology, utility customers and growth.
Also Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily
Square Peg Capital's year-in-review recaps its 2021 portfolio: raises it led or joined, SPAC listing decisions, Vend's acquisition, new investment-team hires, and its newsletter and podcast output.
Also Cut Through Venture·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Techboard·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·myzeller.com·Australian FinTech·@AuManufacturing·Australian FinTech·Forbes Australia·Dealroom·rswebsols.com·Crunchbase News·TechCrunch Australia
OIF Ventures' newsletter rounds up portfolio achievements: award wins and list placements for several companies, new product launches, and partnerships including Go1 with Employment Hero and Adobe, plus community masterclasses and webinars.
OIF Ventures' first portfolio newsletter: OIF Fund II closed above $100 million, plus recent raises at Go1, Circle In, Assignar, Arcade, Visionary Machines, Neara, Futurerent and Adventus.io.
Also OIF Ventures portfolio·Square Peg Capital·OIF Ventures portfolio·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·TechCrunch Australia·Startup Daily