Digital twin startup Neara pockets $15.25 million in Series B extension for offshore plans

- October 2, 2023 < 1 MIN READ

Energy sector digital twin startup Neara has raised $15.25 million in an extension of last year’s $20 million Series B round. The round was led by South African VC Prosus Ventures (formerly Naspers Ventures), a frequent Australian investor, which also backed crypto gaming unicorn Immutable. Existing backers Square Peg and Kim Jackson’s Skip Capital also… Read more »


Digital twin startup Willow cuts 99 staff on Christmas eve, just a week after raising $42 million

- December 23, 2022 2 MIN READ

Nearly 100 staff at real estate and infrastructure digital twin startup will be looking for next jobs in the new year after the company cut 22% full-time employees and contractors, less than 10 days after announcing it had raised US$28.8 million (A$42m). The Sydney- and US-based startup is backed and chaired by former Macquarie CEO Nicholas… Read more »

Sydney from the air

Digital twin software startup Willow tops up with $42 million raise at a lower valuation

- December 15, 2022 < 1 MIN READ

Real estate and infrastructure digital twin creator Willow has raised US$28.8 million (A$42m) . The round was led by the Sydney-headquartered venture’s existing backers, who chipped in at a lower valuation to 2021’s pre-Series B round. Willow chairman Nicholas Moore, the former Macquarie Group CEO, is a key investor, alongside fellow director and TCI Renewables chair… Read more »

Sydney from the air

Digital twins startup Willow builds $58 million pre-series B backed by former Macquarie boss Nicholas Moore 

- September 10, 2021 2 MIN READ

Sydney-based digital twin tech startup Willow has raised US$43 million (A$58 million) in a pre-Series B. Existing shareholders, including Willow Chairman Nicholas Moore, the former Macquarie Group CEO, and Willow director Jim Cooney, doubled down on their investment along with institutional investor Perennial Value Management. The four-year-old software venture also took on WatermanCLARK co-founder Ric Clark, the former… Read more »