Funding announcement
Neara joins the billion-dollar club with $90 million Series D
Australian grid digital-twin startup Neara raised a $90 million Series D led by TCV, reaching unicorn status amid rising data centre power demand.
CEO · Founder, Neara
Daniel Danilatos
Roles
Coverage
Stories naming Daniel Danilatos. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
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.
19 deals
Blast OIF | 24 things from 2024
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.
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.
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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.
Series B
$20m
Our investment in Neara
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.
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19 deals
2021 wrapped: a record-breaking year for fundraising and growth
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.
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10 deals
The startup funding round: Tech preventing heart failure, the Airbnb of street art, and digital ‘twins’ for infrastructure
A weekly roundup of Australian startup funding: Neara, Archistar, Urban Ethos, ESN Cleer and Book An Artist raise, alongside Mr Yum and Octopus Deploy raises.
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Series A
$7.2m
Investment notes: Neara $7.25m Series A
Square Peg's investment note explains it led Neara's Series A, describing the infrastructure digital-twin platform, its founding team's backgrounds, and its work modelling networks for energy utilities.
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