Ledger.

Chief Product Officer · Founder, Neara

Karamvir Singh

Coverage

Stories naming Karamvir Singh. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Key hire

Role call: new people at allt, SQC, RedBelly Network, Neara & Indebted

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.

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

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

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.

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

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.

Also Square Peg Capital portfolio·OIF Ventures portfolio·Square Peg Capital portfolio·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily

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