Ledger. Australian venture funding, tracked

Company

Southern California Edison

US utility partner of Neara

Coverage

Stories naming Southern California Edison. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Funding announcement

Energy grid digital twin platform Neara turns unicorn with $90 million Series D

Australian grid-modelling startup Neara raised a $90 million Series D led by TCV, valuing the company above $1 billion, funding ML and expansion.

4 deals

Neara powers up to unicorn status with $90 million capital raise

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.

Also Startup Daily·RenewEconomy·RenewEconomy·Startup Daily

Unnamed stage

IND Technology: Investment Notes

Virescent Ventures announces it has invested in grid-tech firm IND Technology's inaugural institutional round, led by Energy Impact Partners and Angeleno Group, profiling the Melbourne company's early fault detection technology, founders and utility customers.

Also SmartCompany·Startup Daily·RenewEconomy·RenewEconomy·SmartCompany·Startup Daily·SmartCompany·Startup Daily

17 deals

Fifteen ANZ startups that raised $81 million this week

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

undisclosed $45m

PE giant buys in as Aussie AI infrastructure start-up raises $45m

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.

6 deals

Australia's climate tech industry is booming, but it could bust without funds

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.

3 deals

Digital twin startup Neara pockets $15.25 million in Series B extension for offshore plans

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.

Also SmartCompany·SmartCompany·Startup Daily

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