Venture capital fund · 6 deals
Melbourne, VIC
Every published round EQT took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Fever | Unnamed stage | 26 Sep 2026 | $351m | Participant | This Week in Australian Startups, Athletic Ventures portfolio | |
| Starcloud | Series A | Mar 2026 | US$170m ($239m) | Lead | SpaceNews, Tech Funding News - Australia | |
| Neara | Series D+ | 11 Feb 2026 | $90m | Participant | Startup Daily (Fri 13 Feb 2026), RenewEconomy (Tue 10 Feb 2026), RenewEconomy (Tue 10 Feb 2026), Startup Daily (Tue 10 Feb 2026), SmartCompany, Square Peg Capital portfolio | |
| Kasada | Unnamed stage | 10 Dec 2025 | $30m | Lead | Startup Daily (Fri 12 Dec 2025), SmartCompany, Startup Daily (Thu 11 Dec 2025), Main Sequence Ventures portfolio, OIF Ventures portfolio | |
| Neara | Series C | 31 Oct 2024 | $45m | Lead | Startup Daily (Fri 13 Feb 2026), Startup Daily (Tue 10 Feb 2026), SmartCompany (Tue 10 Feb 2026), Square Peg Capital, SmartCompany (Fri 1 Nov 2024), Forbes Australia, Tech Funding News - Australia | |
| Neara | undisclosed | 31 Oct 2024 | $45m | Lead | Our Innovation Fund |
Companies EQT has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for EQT, as distinct from the investments it has made.
Companies EQT has backed that another company then bought. An exit for the holding, not a deal EQT did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of EQT is recorded as having been acquired. | ||||
Companies EQT acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Melbourne Storm | Acquisition | Aug 2026 | $150m | AFR Technology (Tue 18 Aug 2026), AFR Technology (Tue 18 Aug 2026), AFR Technology (Tue 18 Aug 2026), AFR Technology (Tue 18 Aug 2026) |
| PropertyGuru | Acquisition | undated | - | Dealroom, Forbes Australia |
| Name | Role | Sources |
|---|---|---|
| Frank Heckes | Co-head of EQT Private Capital Australia and New Zealand | ARN (ARNnet), Our Innovation Fund |
| Mick O'Brien | Managing Director | Business News Australia (Fri 21 Aug 2026), Business News Australia (Tue 18 Aug 2026) |
| Sam Franklin | Managing Director | Forbes Australia, Tech Funding News - Australia |
| Sueann Yeo | Senior Executive | DealStreetAsia |
Stories naming EQT. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
DealStreetAsia's weekly review of Asia-Pacific private markets: India's September funding rebound, new venture rounds and fund closes across the region, a preschool group's buyout, and takeaways from the publisher's summit.
Square Peg Capital has banked about US$647 million for two fresh vehicles, its biggest fundraise yet. The piece also recalls Blackbird's billion-dollar fund and Square Peg's past stake sales and exit windfalls.
Venture firm Square Peg has confirmed two funds holding more than $1 billion between them, alongside a look back at its biggest bets, sell-downs and the acquisitions that delivered windfalls.
Also Dealroom
Weekly roundup recording a dozen raises and acquisitions, Firmus's scheduled float, a new $50m venture fund, a founder share sale, grant winners, an accelerator intake, and an AI agent's government breach.
Also DealStreetAsia·Dealroom·This Week in Australian Startups·AFR Technology·AFR Technology·Startup Daily·AFR Technology·AFR Technology·ABC News Technology·iTnews
Ritchie Bros has been knocked out of the Pickles sale, leaving buyout houses such as EQT, Warburg Pincus and Pacific Equity Partners to work through the data room ahead of first bids.
EQT Holdings faces a potential bidding war as BGH Capital's higher cash offer for the trustee group tops TPG Global's bid from days earlier; both proposals remain conditional and non-binding.
Private equity firm TPG Global has launched a non-binding $657.7m bid for embattled ASX-listed EQT Holdings, whose stock slid amid the First Guardian collapse and ASIC litigation; the board is evaluating the proposal.
Street Talk roundup: Tasman Capital's new fund reaches first close, EQT buys control of an NRL club, KKR eyes a Drifter exit, PAG dealmakers jump to Jardine Matheson, Colter Bay lands a debut loan.
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.
Weekly roundup: four raises totalling $20.5m, WiseTech's founder-chairman leaving his board role, Firmus nearing a large capital raise, and Aura's agreed ASX backdoor listing through Qoria.
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.
Funding roundup led by Airwallex's US$330 million Series G at a $12 billion valuation, with raises from Kasada, Hnry, All G, Bless Payments and Emanda, plus earlier rounds recalled.
Also Startup Daily
Bot defence firm Kasada has secured $30 million from EQT plus earlier backers Turnbull & Partners, Reinventure, Main Sequence, OIF, StepStone and Ten Eleven, with founder Sam Crowther back in Sydney.
The article recalls a 2021 fund haul that set an Asian record and frames the firm's current capital-raising push as a gauge of whether Asia's private equity market is reviving.
Business Times reports Hillhouse has begun seeking US$7 billion for its sixth private equity fund as Asia-Pacific dealmaking and fundraising pick up, with KKR and Blackstone also raising and past Hillhouse buyouts recapped.
Global investor EQT has offloaded Sydney-headquartered IT services firm Nexon to Adamantem Capital, ending a six-year ownership during which Nexon made eight add-on purchases and lifted revenue more than fivefold.
Roundup of travel-sector dealmaking: KKR invests in Etraveli at a reported $3.1 billion valuation, Airalo, TravelPerk and Klook raise big rounds, and SevenRooms and MadeComfy are acquired.
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.
Profile of ALIAVIA, the venture fund Marisa Warren and Kate Vale started to back women founders across Australia and the US, its Australian backers, and its portfolio companies Eugene, Loupe, HowToo and Othelia AI.
Profile of ALIAVIA, the venture fund Marisa Warren and Kate Vale run from California to back women founders across Australian and US markets; also covers its backers, early investments, and Warren's ELEVACAO program.
WiseTech is acquiring Blume Global, a US rail-logistics software provider, for US$414 million, following its Envase purchase; founder Richard White separately bought Kyckr for about A$43.5 million through his investment vehicle.
Also Startup Daily