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.
General Partner, Neara
Muz Ashraf
Roles
| Role | Organisation | Sources |
|---|---|---|
| General Partner | Neara | - |
| General Partner | TCV | RenewEconomy (Tue 10 Feb 2026), RenewEconomy (Tue 10 Feb 2026), Startup Daily, SmartCompany, proactiveinvestors.com |
Coverage
Stories naming Muz Ashraf. 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.
3 deals
Employment Hero raises $263 million in record Australian private software funding round
Australian HR software firm Employment Hero has banked a large Series F led by US investor TCV, lifting its valuation towards $2 billion, with several existing backers also taking part.