Startup · $222.5m raised · Energy · AI
Sydney, NSW
Every investor coverage indicates participated in a round Neara raised.
| Investor | Rounds | Invested |
|---|---|---|
| Artesian VC | Series D+ | - |
| EQT | Series D+ · Series C · undisclosed | - |
| Grok Ventures | Series A | - |
| OIF Ventures | Series B | - |
| Partners Group | Series D+ · Series C · undisclosed | - |
| Prosus Ventures | Series C · undisclosed · Series B | - |
| Skip Capital | Series D+ · Series C · undisclosed · Series B · Series B · Series A | - |
| Square Peg Capital | Series D+ · Series C · undisclosed · Series B · Series B · Series A | - |
| TCV | Series D+ | - |
Investors whose own portfolio pages list Neara, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Glitch Capital | its portfolio page ↗ |
| Polipo Ventures | its portfolio page ↗ |
Every published round Neara 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 |
|---|---|---|---|---|---|---|
| Airscope | Grant | 8 May 2020 | $25k | Lead | Startup News (WA) (Thu 19 Nov 2020), Startup News (WA) (Fri 8 May 2020) |
Companies Neara has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Airscope | 8 May 2020, Grant | 1 | 1 |
Fund closes reported for Neara, as distinct from the investments it has made.
Companies Neara has backed that another company then bought. An exit for the holding, not a deal Neara did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Neara is recorded as having been acquired. | ||||
Companies Neara acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Neara. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
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 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.
Heidi raised US$100m in a Blackbird-led Series C plus US$240m in customer-acquisition finance from General Catalyst, reaching a $1.26 billion valuation as Australia's fourth billion-dollar startup of the year.
Also Dealroom·Cut Through Venture·Startup Daily·This Week in Australian Startups·Dynamic Business·This Week in Australian Startups·Mirage News·This Week in Australian Startups·Forbes Australia
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.
Square Peg's half-year investor letter reports two funds reaching final close, three exits including Talon.One's sale to Adyen, realisations past US$1bn, and a framework for judging AI disruption across its portfolio.
Square Peg reports 30% portfolio growth, US$1bn+ cumulative realisations, US$138m returned this half, closes two new funds, and outlines an AI disruption framework.
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.
Square Peg's half-year investor letter reviews its accelerating AI investing, portfolio companies' progress including several completed raises, listed fund returns, a new data hire, and ongoing fundraising for its 2025 vintage funds.
In its half-year letter, Square Peg explains how it picks AI founders, reports several portfolio companies' recent raises, flags a data engineering hire, and says fundraising for its next funds is well advanced.
Also Tech Funding News - Australia·Forbes Australia·SmartCompany·SmartCompany·Startup Daily·Startup Daily
Glitch Capital, a new $50m vehicle led by Leigh Jasper and backed by exited unicorn founders, has completed its first deal, backing Melbourne edtech firm Cadmus.
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.
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.
TechCrunch profiles Neara, an Australian startup whose AI models of electricity networks help utilities predict and manage extreme-weather risks, naming its investors and utility customers.
Mike Cannon-Brookes' investment vehicle Grok Ventures has hired Tan Kueh, ex-Macquarie, UBS and BlackRock, as CEO, joining CIO Jeremy Kwong-Law, as it sharpens its strategy around climate investing.
Square Peg's latest letter to investors reviews 2023 performance, recalls early bets on Canva and Airwallex, and introduces three hires across fundraising, public-markets investing, and people functions.
Square Peg's half-year letter to investors reviews 2023: fewer new bets, portfolio revenue milestones led by Canva, an AI investment thesis, conditions in Israel, and three new hires.
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.
OIF Ventures' year in review: full Eftsure exit, Opportunity Fund close, Visory, DataMasque and Nullify backed, follow-ons at Inspace and Dataweavers, new team members and portfolio milestones.
Square Peg partner James Tynan interviews Neara's chief commercial officer Jack Curtis on the company's 3D modelling of energy networks, doubling grid capacity, and constraints on the energy transition.
Square Peg partners discuss climate tech investing at the firm's AGM: venture's role, regulation, energy cost tailwinds, and startups they flag such as Tomorrow.io, Vow, Neara and Amber; also recalls Occidental buying Carbon Engineering.
Also Crunchbase News
Square Peg's blog runs a conversation from its 2023 AGM in which partner James Tynan interviews Neara's chief commercial officer Jack Curtis about the company's grid-modelling software and the energy transition.
Boutique venture capital and advisory shop Happenco has completed its debut fund at $12 million, most of which is already invested across a portfolio of early-stage companies.
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.
Sydney AI infrastructure-modelling firm Neara extended its Series B by $10M, with Prosus Ventures joining backers Skip Capital and Square Peg, lifting the round to $24M for expansion into Europe and the US.
Square Peg has promoted James Tynan, a 2020 hire who previously ran Startmate, to partner; the piece also lists startups he has backed for the firm, such as Vow, Neara, Partly and Blinq.
Square Peg announces James Tynan as its newest partner, with reflections from Vow's CEO and Square Peg's investment team on his approach, plus his board roles at Partly and Neara and sector outlook.
OIF Ventures' newsletter announces leading Nullify's pre-seed round, two investment team hires, portfolio company awards and product launches, and Go1's acquisition of Anders Pink.
Australian venture investors AirTree, Blackbird, Square Peg and OneVentures review their 2022 deployment and fund raises and predict capital efficiency, venture credit, consolidation and selective funding will shape 2023.
Also Blackbird Ventures portfolio·Virescent Ventures·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·RenewEconomy·TechCrunch Venture·Forbes Australia
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
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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OIF Ventures' newsletter rounds up portfolio achievements: award wins and list placements for several companies, new product launches, and partnerships including Go1 with Employment Hero and Adobe, plus community masterclasses and webinars.
OIF Ventures' first portfolio newsletter: OIF Fund II closed above $100 million, plus recent raises at Go1, Circle In, Assignar, Arcade, Visionary Machines, Neara, Futurerent and Adventus.io.
Also OIF Ventures portfolio·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily
Ignition Lane's weekly column rounds up Australian raises including Octopus Deploy, Neara, Mr Yum and Archistar, ThinkTilt's sale to Atlassian, Latitude's ASX listing, and US moves by Tiger Global, UiPath and Squarespace.
Also Startup Daily
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.
Also Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany
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
Printer maker SPEE3D teams with NERA, Charles Darwin University and Santos to develop an industrial 3D printer for remote oil and gas sites, backed by NERA project funding.