Fundraising Fox

EQT

New York

Also known as Icapital Advisors, Llc

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HQ
New York, NY
Last 12 months
10 investments
Tracked investments
17

What they invest in

from 17 of 17 portfolio companies

AI & Machine Learning Γ—8Cloud Computing Γ—4Developer Tools Γ—4Enterprise Software Γ—4Data & Infrastructure Γ—3Fintech Γ—3SaaS Γ—3Consumer Γ—2

HQs:United StatesΓ—7United KingdomΓ—2LithuaniaΓ—1

Investments Β· 17 tracked

founders shown can be your intro path

By year:2026 Β· 72025 Β· 411 dated

Meridianmeridianpay.comβœ“ verified

Meridian provides an API-based settlement and clearing infrastructure for banks, digital wallets, and payment service providers, supporting multi-currency and stablecoin clearing, virtual accounts, and cross-border push/pull payments.

Crypto & Web3Data & InfrastructureFintech

Co-investorsPoint72Ground Up VenturesNOMO VenturesAndreessen Horowitz

Sendwithmeridiansendwithmeridian.comβœ“ verified

Meridian offers an API for multi-currency and stablecoin clearing, collections, and real-time settlement, giving banks, digital wallets, and payment service providers access to US, EU, and ASEAN payment systems.

Crypto & Web3FintechSaaS

Co-investorsPoint72Point72 Ventures

Unisonunison.coinβœ“ verified

Unison develops hardware and software tools designed to enhance daily life through intentional computer use, focusing on creation over consumption.

AI & Machine LearningDeveloper ToolsHardwareMountain View, US

Michael(Head of software engineering and software architect)

Co-investorsGeneral CatalystLGFNFXOlive Tree Capital

1X Technologies1x.techin𝕏Sep 2025 Β· $1B

1X is an AI and robotics company developing general-purpose humanoid robots for home and industrial use.

AI & Machine LearningConsumerHardwareRoboticsPalo Alto, US

Bernt Øyvind Børnich(CEO)Bernt Børnich(Founder)in

Co-investorsAlliance VCAlliance VentureSamsung NextSandwaterSkagerak CapitalSprettert+8 more

Adevintaadevinta.comOct 2025

Adevinta operates a portfolio of online classifieds and digital marketplaces spanning consumer goods, mobility, real estate, holiday rentals, and jobs.

ConsumerE-commerceMarketplaces

Co-investorsGeneral AtlanticTCV

Bluebookgetbluebook.comin𝕏Feb 2025

Bluebook provides AI agents that handle research, reconciliations, and month-end closing work for accounting firms, enabling each professional to manage a significantly larger client base and freeing time for strategic advisory work.

AI & Machine LearningEnterprise SoftwareFintechSan Francisco, US

Philip Andersson(Co-Founder & CEO)inFilip StΓ₯l(Founder)in

Co-investorsY CombinatorEQT Ventures

Dwellydwelly.groupinJul 2026 Β· $170M

Dwelly runs an acquisitions and succession-planning business for independent UK lettings agency owners looking to exit their business, offering cash-out offers, due diligence, and post-acquisition operations while retaining the original branding.

B2B MarketplacesPropTech

Dan Lifshits(Co-founder, CPO)inDmitry Khanukov(Co-founder, CTO)inIlia Drozdov(Founder)inIlya Drozdov(Co-founder, CEO)

Co-investorsBegin CapitalTetradDVCEQT PartnersGeneral CatalystTrinity Capital

EdgeConneXedgeconnex.comin𝕏Jul 2026

EdgeConneX designs and operates sustainable data center infrastructure globally, serving cloud providers, AI workloads, content networks, and connectivity services at scales ranging from 40kW to 500MW and beyond.

Cloud ComputingData & InfrastructureEnergyEnterprise SoftwareHerndon, US

Randy Brouckman(Founder)in

Co-investorsComcast VenturesLiberty GrowthCPP Investments

Edit withlovable.devin𝕏Aug 2026 Β· $400M

Lovable is an AI-powered platform that enables users to build web applications and websites through conversational chat interactions with artificial intelligence.

AI & Machine LearningCloud ComputingDeveloper ToolsSaaSDover, US

Fabian Hedin(Executive Officer, Director)inAnton Osika(Executive Officer, Director)inBenjamin Fletcher(Director)Andy Toung(Executive Officer)Matt Murphy(Director)

Co-investors83NorthAccelAIX VenturesAnthropy PartnersBalderton CapitalbyFounders+28 more

Fly.iofly.io𝕏Aug 2026 Β· $25M

Fly.io provides infrastructure and platform services for deploying and running applications in a distributed, globally-connected environment.

Cloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareChicago, US

Michael Dwan(Founder)Jerome Gravel-Niquet(Founder)inKurt Mackey(CEO)inScott Johnston(Executive Officer, Director)Matthew Cunningham(Executive Officer)

BoardMartin Casado(Director)in

Co-investorsAbstract VenturesAndreessen HorowitzFrialeGeodesic CapitalIntel CapitalPage One Ventures+4 more

Ineffable Intelligenceineffable.aiin𝕏Jun 2026

Ineffable is an AI research lab focused on building superintelligence through the reinforcement learning paradigm, emphasizing learning from experience in the environment rather than from human data.

AI & Machine LearningDeep TechLondon, GB

David Silver(Founder)inAlexandre Laterre(Co-Founder)inChris Apps(Founder)

BoardAlfred Lin(Director (Sequoia Capital))Ravi Mhatre(Director (Lightspeed))

Co-investorsEQT VenturesFlying Fish VenturesIndex VenturesLightspeed Venture PartnersSequoia CapitalBond Capital Management+6 more

IVC Evidensiaivcevidensia.com

IVC Evidensia operates a network of veterinary clinics and hospitals staffed by vets, vet nurses, specialists and support personnel, providing animal healthcare services for pets and their owners.

Healthtech

Co-investorsSilver Lake Partners

Nearaneara.com

Neara provides a 3D, physics-based digital twin platform that unifies LiDAR, GIS, and asset records into an engineering-grade model of electrical networks, letting utilities simulate environmental and mechanical scenarios to predict asset failures, prioritize grid hardening, and plan network designs.

AI & Machine LearningCleantechClimate TechEnergySaaS

Co-investorsOIF VenturesOur Innovation FundPolipo VenturesSquare Peg CapitalTCVSkip Capital

Noema Pharmanoemapharma.cominNov 2025

Noema Pharma develops a late-stage portfolio of oral small molecule therapeutics for people with neurological and related disorders, targeting both orphan and larger indications with significant unmet medical needs.

BiotechHealthtechMedical Devices

Ilise Lombardo(Chief Executive Officer)Volker Knappertz(Executive Vice President of Research & Development)Michael Samar(Chief Financial Officer)Rob Lasser(Chief Medical Officer)

Co-investorsBioMedPartnersJeito CapitalRoche Venture FundSofinnova PartnersEQT Life SciencesForbion+2 more

Starshipstarship.coin𝕏Aug 2026 Β· $250M

Starship operates a fleet of autonomous sidewalk delivery robots that transport hot food, groceries and industrial supplies using radar, cameras, sensors and machine learning to navigate.

AI & Machine LearningLogistics & Supply ChainRobotics

Ahti Heinla(Founder)in

Co-investorsMorpheus VenturesBenchmarkCedar CapitalCiscoCisco InvestmentsManhattan West+4 more

Vintedvinted.comin

Vinted operates an online marketplace for buying and selling secondhand clothing, accessories, and related items across categories such as women's, men's, and jewelry.

Circular EconomyE-commerceMarketplaces

Milda Mitkute(Founder)Justas Janauskas(Co-founder)inMilda MitkutΔ—(Founder)in

Co-investorsAccelBurda Principal InvestmentsInsight PartnersLightspeed Venture PartnersAspire11Cross Creek Advisors+4 more

Virtusavirtusa.com𝕏Apr 2026

Virtusa provides IT and software services for enterprise clients, supporting digital transformation and technology development across multiple industries.

AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareSector AgnosticWestborough, US

Kris Canekeratne(Executive Officer, Director)Roger Keith Modder(Executive Officer)Ranjan Kalia(Executive Officer)Santosh Thomasin

BoardVikram S. Pandit(Director)Robert E. Davoli(Director)

Co-investorsBPEA EQTCRV (Charles River Ventures)Globespan Capital Partners

Portfolio news

latest coverage across their companies

Fund performance Β· per public LP disclosures Β· 57

as of Dec 2025
FundVintageCommittedNet IRRTVPIDPI
EQT Infrastructure VILPs: New Jersey Division of Investment, Contra Costa County Employees' Retirement Association, Minnesota State Board of Investment +1 more2025β€”2.0%1.01x0.12x
EQT PCA Co-Invest Platform (No.1) SCSpLPs: Teachers' Retirement System of the City of New York, New York City Employees' Retirement System, New York City Fire Department Pension Fund2024β€”β€”1.18x1.18x
EQT Co-Invest Platform (No.15) SCSPLPs: Teachers' Retirement System of the City of New York, New York City Police Pension Fund2023β€”β€”1.47x0.00x
EQT Future (No.2) SCSpLPs: New York City Employees' Retirement System, New York City Police Pension Fund2023β€”β€”1.41x0.00x
EQT Future Co-InvestLPs: New York City Employees' Retirement System2023β€”β€”1.47x0.00x
EQT Future SCSpLPs: Teachers' Retirement System of the City of New York2023β€”β€”1.41x0.13x
EQT INFRASTRUCTURE VI (NO.2) USD SCSPLPs: Empire State Development – New York Ventures, New York City Fire Department Pension Fund, University of Texas Investment Management Company2023β€”β€”0.96x0.03x
EQT Infrastructure VI USDLPs: Contra Costa County Employees' Retirement Association, New York City Fire Department Pension Fund2023β€”β€”1.05x0.04x
EQTLPs: New York City Fire Department Pension Fund2022β€”β€”0.94x0.13x
EQT Exeter Industrial Value Fund VI, LPLPs: Pennsylvania Public School Employees' Retirement System, Contra Costa County Employees' Retirement Association, South Carolina Retirement System Investment Commission2022β€”4.6%1.05xβ€”
EQT Fund XLPs: Chicago Teachers' Pension Fund2022β€”β€”1.07x0.05x
EQT Ventures IIILPs: Orange County Employees Retirement System2022β€”16.8%1.30xβ€”
EQT XLPs: Empire State Development – New York Ventures, New York City Employees' Retirement System, Contra Costa County Employees' Retirement Association +3 more2022β€”β€”1.05x0.06x
EQT X (Co-Invest)LPs: New York City Employees' Retirement System, Teachers' Retirement System of the City of New York, New York City Police Pension Fund +2 more2022β€”17.4%1.21x0.01x
EQT X (No.2) USD SCSpLPs: California Public Employees' Retirement System2022β€”6.8%1.06x0.07x
EQT X USD SCSPLPs: Teachers' Retirement System of the City of New York, New York City Board of Education Retirement System2022β€”9.4%1.08x0.06x
EQT Exeter Industrial Core-Plus Fund IV, L.P.LPs: Pennsylvania Public School Employees' Retirement System2021β€”8.1%1.12x0.05x
EQT Fund IXLPs: Empire State Development – New York Ventures, Chicago Teachers' Pension Fund2021β€”β€”1.35x0.18x
EQT Infrastructure V L.P.LPs: New Jersey Division of Investment, Maine Public Employees Retirement System2021β€”11.1%1.33x0.22x
EQT Infrastructure IV Co-Investment (B) SCSp (Saber)LPs: New York City Fire Department Pension Fund2020β€”6.0%β€”0.06x
EQT Infrastructure IV Co-Investment (F) SCSp (Connect)LPs: New York City Fire Department Pension Fund2020β€”40.6%1.50x0.17x
EQT Infrastructure IV Co-Investment (G) SCSp (Lightspeed)LPs: New York City Fire Department Pension Fund2020β€”5.1%β€”β€”
EQT Infrastructure IV Co-Investment (Saber)LPs: New York City Board of Education Retirement System2020β€”β€”1.19x0.06x
EQT Infrastructure V (No.2) USDLPs: New York City Fire Department Pension Fund2020β€”10.5%1.30x0.21x
EQT INFRASTRUCTURE V (NO2) USD SCSPLPs: Empire State Development – New York Ventures, New York City Fire Department Pension Fund, University of Texas Investment Management Company2020β€”β€”1.21x0.21x
EQT IX (Co-Invest)LPs: New York City Police Pension Fund, New York City Employees' Retirement System2020β€”11.1%1.51x0.02x
EQT IX (No. 2) USD SCSPLPs: California Public Employees' Retirement System, New York City Employees' Retirement System, Teachers' Retirement System of the City of New York +1 more2020β€”8.3%1.26x0.30x
EQT IX Co-Invest Platform (No. 3) SCSpLPs: Teachers' Retirement System of the City of New York2020β€”11.1%1.51x0.02x
EQT IX Co-InvestmentLPs: New York City Employees' Retirement System, New York City Fire Department Pension Fund2020β€”11.1%1.51x0.02x
EQT Real Estate Rock Co-InvestmentLPs: Maine Public Employees Retirement System2020β€”6.2%1.30xβ€”
EQT IXLPs: The Regents of the University of California, New York City Police Pension Fund, New York City Employees' Retirement System2019β€”10.2%1.36x0.19x
EQT Real Estate IILPs: Maine Public Employees Retirement System2019β€”7.5%1.21x0.33x
EQT Real Estate II RELPs: Maine Public Employees Retirement System2019β€”β€”1.09x0.36x
EQT Ventures IILPs: Orange County Employees Retirement System2019β€”5.6%1.30x0.02x
EQT Fund VIIILPs: Empire State Development – New York Ventures, Chicago Teachers' Pension Fund2018β€”20.1%1.79x0.99x
EQT Infrastructure IVLPs: Maine Public Employees Retirement System, New York City Board of Education Retirement System2018β€”10.3%1.50x0.30x
EQT Infrastructure IV - USD FundLPs: New York City Board of Education Retirement System2018β€”14.0%1.23x0.10x
EQT Infrastructure IV (No.2) USDLPs: Empire State Development – New York Ventures, Maine Public Employees Retirement System, Sacramento County Employees' Retirement System +3 more2018β€”11.5%1.55x0.26x
EQT VIIILPs: The Regents of the University of California, New York City Employees' Retirement System, Connecticut Retirement Plans and Trust Funds +4 more2018β€”20.6%1.84x0.98x
EQT VIII (Co-Invest)LPs: New York City Police Pension Fund2018β€”26.2%2.11x1.12x
EQT VIII Co-InvestmentLPs: New York City Employees' Retirement System, New York City Police Pension Fund, New York City Fire Department Pension Fund2018β€”26.1%2.11x1.11x
EQT VIII SCSP (Co-Invest)LPs: Teachers' Retirement System of the City of New York2018β€”26.0%2.10x1.10x
EQT Infrastructure III (No.2) SCSpLPs: New York City Fire Department Pension Fund2017β€”20.2%1.90x1.70x
EQT INFRASTRUCTURE IIILPs: Maine Public Employees Retirement System, New York City Board of Education Retirement System2016β€”20.1%1.73x1.58x
EQT VII (No. 2) Limited PartnershipLPs: San Diego County Employees Retirement Association2015β€”19.6%1.86x1.57x
EQT VII, L.P.LPs: Empire State Development – New York Ventures, New York City Employees' Retirement System, New York City Police Pension Fund +2 more2015β€”20.5%1.96x1.49x
EQT VI, L.P.LPs: New York City Employees' Retirement System, New York City Police Pension Fund, Teachers' Retirement System of the City of New York +3 more2011β€”13.6%1.74x1.74x
EQT V (No. 2), LPLPs: Empire State Development – New York Ventures2006β€”β€”1.39x1.39x
EQT EXETER INDUS COREPLUS IVLPs: New York City Board of Education Retirement Systemβ€”β€”β€”1.03xβ€”
EQT EXETER INDUST VALUE VILPs: New York City Board of Education Retirement Systemβ€”β€”β€”0.94xβ€”
EQT FUTURE ILPs: New York City Board of Education Retirement Systemβ€”β€”β€”1.35xβ€”
EQT FUTURE I CO INVESTLPs: New York City Board of Education Retirement Systemβ€”β€”β€”1.19xβ€”
EQT INFRA IV COINV SABERLPs: New York City Board of Education Retirement Systemβ€”β€”β€”1.33xβ€”
EQT IX COINVESTLPs: New York City Board of Education Retirement Systemβ€”β€”β€”1.16xβ€”
EQT IX USDLPs: New York City Board of Education Retirement Systemβ€”β€”β€”1.26xβ€”
EQT VIII COINVESTLPs: New York City Board of Education Retirement Systemβ€”β€”β€”1.34xβ€”
Eqt X L.P. UsdLPs: Contra Costa County Employees' Retirement Associationβ€”β€”β€”1.08x0.05x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

Where is EQT located?
EQT is headquartered in New York.

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