Tech Company Financing Transactions
Neara Funding Round
On 10/30/2024, Neara received $31 million in Series C funding from EQT Ventures, Partners Group and Prosus Ventures.
Transaction Overview
Company Name
Announced On
10/30/2024
Transaction Type
Venture Equity
Amount
$31,000,000
Round
Series C
Investors
Proceeds Purpose
The company plans to use the funds to expand across the U.S. and Europe and also into other infrastructure verticals.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
7 Hudson Street, Redfern
Sydney, New South Wales, 2016
Australia
Sydney, New South Wales, 2016
Australia
Phone
Undisclosed
Website
Email Address
Overview
What began as a casual conversation between our founder, Dan, and his wife turned into the company Neara is today. The software she was using for her work to design power line infrastructure simply wasn't up to the task. So Dan, our founder, decided to take on a new hobby and develop a web-based CAD tool "that did all the things one would need for utility power line design." The tool -- as it took shape -- started gaining attention.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Danilatos
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