EQT buys PageUp, leads $31M Series C in AI infra platform Neara in Australia

Funding Rounds

▤ Summary

Swedish alternative investment firm EQT announced on Thursday two deals in Australia—the acquisition of SaaS talent solutions provider PageUp, and participation as the lead investor in AI infra startup Neara’s $31 million Series C round. The acquisition, made via the BPEA Fund VIII (EQT Private Capital Asia), is set to strengthen and accelerate PageUp’s position in talent management software, drive international expansion, and boost product innovation, according to a statement. Battery Ventures, a US tech investor known to back marquee names like DataBricks, Groupon and Glassdoor, has been scouting for a buyer for PageUp since early this year. Meanwhile, EQT also led a consortium that invested $31 million in a Series C funding round in Neara, an AI-powered predictive modelling platform for critical infrastructure in Australia. Using the funds, Neara will be better positioned to address the increasing challenges of energy resilience and infrastructure modernisation across the US, the UK, Europe, and Asia Pacific.

$ Funding

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Amount - Total raised
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Investors EQT Lead investors
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▥ Classifications

industries
No industries detected
applications
Content Management

◇ AskAI Classifications

Labels
Electric Utility Software Predictive Modeling Software Network Digitization

▦ Linked Companies

Neara
$1M to $5M