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
25

What they invest in

from 25 of 25 portfolio companies

AI & Machine Learning ร—13Enterprise Software ร—8Cloud Computing ร—5Consumer ร—5Energy ร—5SaaS ร—5Cleantech ร—4Developer Tools ร—4

HQs:United Statesร—9United Kingdomร—3Belgiumร—1Canadaร—1Germanyร—1Franceร—1

Investments ยท 25 tracked

founders shown can be your intro path

By year:2026 ยท 72025 ยท 42024 ยท 12022 ยท 113 dated

Instavoltinstavolt.co.ukin๐•โœ“ verified

InstaVolt operates a network of rapid direct-current electric vehicle charging stations across the UK, delivering power levels from 50kW to 160kW using renewable energy sources.

CleantechEnergyMobility & TransportationHampshire, GB

Delvin Lanein

Co-investorsZouk Capital

Meridianmeridianpay.comโœ“ verified

Meridian provides a stablecoin clearing service that enables financial institutions to accept regulated stablecoins (USDC, USDT) on behalf of their clients without handling crypto directly.

Cloud ComputingCrypto & Web3Data & InfrastructureFintechMiami, US

Co-investorsPoint72Ground Up VenturesNOMO VenturesAndreessen Horowitz

Qvantumqvantum.cominโœ“ verified

Qvantum manufactures heat pumps for commercial applications, offering models for air-to-water and liquid-to-water heat exchange systems with integrated control technology.

Advanced ManufacturingCleantechClimate TechConsumerEnergyHardwareร…storp, SE

Ghislain Bouillet(Managing Director, France)inFredrik Rosenqvist(CEO)in

BoardPeter Nilsson(Chairperson of the Board)

Co-investorsClimentum Capital

Sendwithmeridiansendwithmeridian.comโœ“ verified

Meridian provides stablecoin clearing infrastructure for financial institutions, enabling banks to offer stablecoin inflows to clients without requiring new infrastructure or workflows.

Crypto & Web3Enterprise SoftwareFintechSaaSNew York, US

Co-investorsPoint72Point72 Ventures

Unisonunison.coinโœ“ 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

Waga Energywaga-energy.comin๐•โœ“ verified

Waga Energy develops and deploys the WAGABOXยฎ technology to convert landfill gas into renewable natural gas for industrial customers in waste treatment, recycling, energy, and transport sectors.

Circular EconomyCleantechClimate TechEnergy

Co-investorsAir Liquide Venture Capital (ALIAD)Starquest Capital

1X Technologies1x.techin๐•Sep 2025 ยท $1B

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

AI & Machine LearningConsumerHardwareRoboticsPalo Alto, US

Bernt ร˜yvind Bรธrnich(CEO)Bernt Bรธrnich(Founder)in

Co-investorsAlliance VCAlliance VentureEQT VenturesSamsung NextSandwaterSkagerak Capital+8 more

Adevintaadevinta.cominOct 2025

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

ConsumerE-commerceMarketplaces

Antoine Jouteau(CEO)in

Co-investorsGeneral AtlanticTCV13books CapitalAnkaa VenturesCollective SparkFJ Labs+5 more

Bluebookgetbluebook.comin๐•Feb 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 Stรฅl(Founder)in

Co-investorsY CombinatorEQT Ventures

CluePointscluepoints.comin๐•Jun 2024acquired by Eqt

CluePoints is a company focused on integrating ESG criteria into its operations and driving sustainability initiatives across environmental, social, and governance dimensions.

AI & Machine LearningEnterprise SoftwareHealthtechImpact & Social GoodSaaSBelgium, BE

Co-investorsNivelinvestSeido CapitalSummit Partners

Dwellydwelly.groupinJul 2026 ยท $170M

Dwelly acquires local lettings agencies and equips them with AI-powered software for handling rental tasks such as payments and maintenance, serving tenants, landlords, and letting agents.

AI & Machine LearningB2B MarketplacesPropTechSaaS

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

Co-investorsBegin CapitalTetradDVCEQT PartnersGeneral CatalystTrinity Capital

EdgeConneXedgeconnex.comin๐•Jul 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.devin๐•Aug 2026 ยท $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)inAndy Toung(Executive Officer)

BoardBenjamin Fletcher(Director)Matt Murphy(Director)

Co-investors83NorthAccelAIX VenturesAnthropy PartnersBalderton CapitalbyFounders+28 more

Fly.iofly.io๐•Aug 2026 ยท $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.aiin๐•Jun 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)in

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

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

IVC Evidensiaivcevidensia.comin๐•

IVC Evidensia is a veterinary care company operating clinical practices across multiple countries, guided by an ethical statement covering business conduct and environmental responsibility.

ConsumerHealthtech

Heine Dalsgaard(Group Chief Financial Officer)inDuncan Phillips(Group COO)inGudrun Ravetz(Group Chief Medical Officer)inJonathan Howell(Group Chief Product & Technical Officer)inPhil McNally(Group Commercial Director)inSarah Macdonald(Group General Counsel & Co. Sec.)in

Co-investorsSilver Lake Partners

Mistralmistral.vc

Mistral is a venture capital firm that invests in early-stage startups, providing funding and support to founders across North America.

AI & Machine LearningEnterprise SoftwareSector AgnosticOttawa, CA

Code Cubitt(Managing Director)inPablo Srugo(Partner)inRaif Barbaros(Partner)inBernie Zeisig(Managing Partner)in

Co-investorsSheBootPSG Equity

Nearaneara.comin๐•

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)inVolker Knappertz(Executive Vice President of Research & Development)inMichael Samar(Chief Financial Officer)inRob Lasser(Chief Medical Officer)in

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

Sitecoresitecore.comin๐•

Customer experience management software combining content, commerce, and data into one connected platform for context marketing.

AI & Machine LearningEnterprise SoftwareMarketing Tech

Eric Stinein

Co-investorsFrontline VenturesTola CapitalPolaris PartnersTechnology Crossover Ventures

Starshipstarship.coin๐•Aug 2026 ยท $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

Justas Janauskas(Co-founder)inMilda Mitkutฤ—(Founder)in

Co-investorsAccelBurda Principal InvestmentsInsight PartnersLightspeed Venture PartnersAspire11Cross Creek Advisors+8 more

Virtusavirtusa.com๐•Apr 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

Wandelbotswandelbots.cominJan 2022 ยท $84M

Wandelbots develops Physical AI software for robotics that enables businesses to program and control robots without coding expertise.

Advanced ManufacturingAI & Machine LearningRobotics

Christoph Biering(Founder)in

Co-investors83NorthAtlanticAtlantic LabsFranz Haniel & Cie. GmbHInsight PartnersLEA Partners+3 more

Zoopluszooplus.de

zooplus is an online retailer of pet food and supplies for dogs, cats, birds, rodents, horses, and fish.

ConsumerE-commerce

Co-investorsActon CapitalSTS Ventures GmbHHellman & Friedman

Exits ยท 1

IPOs and acquisitions across the tracked portfolio

CluePointsacq. by Eqt

Portfolio news

latest coverage across their companies

Fund performance ยท per public LP disclosures ยท 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 more2025โ€”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 Fund2024โ€”โ€”1.18x1.18x
EQT Co-Invest Platform (No.15) SCSPLPs: Teachers' Retirement System of the City of New York, New York City Police Pension Fund2023โ€”โ€”1.47x0.00x
EQT Future (No.2) SCSpLPs: New York City Employees' Retirement System, New York City Police Pension Fund2023โ€”โ€”1.41x0.00x
EQT Future Co-InvestLPs: New York City Employees' Retirement System2023โ€”โ€”1.47x0.00x
EQT Future SCSpLPs: Teachers' Retirement System of the City of New York2023โ€”โ€”1.41x0.13x
EQT INFRASTRUCTURE VI (NO.2) USD SCSPLPs: Empire State Development โ€“ New York Ventures, New York City Fire Department Pension Fund, University of Texas Investment Management Company2023โ€”โ€”0.96x0.03x
EQT Infrastructure VI USDLPs: Contra Costa County Employees' Retirement Association, New York City Fire Department Pension Fund2023โ€”โ€”1.05x0.04x
EQTLPs: New York City Fire Department Pension Fund2022โ€”โ€”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 Commission2022โ€”4.6%1.05xโ€”
EQT Fund XLPs: Chicago Teachers' Pension Fund2022โ€”โ€”1.07x0.05x
EQT Ventures IIILPs: Orange County Employees Retirement System2022โ€”16.8%1.30xโ€”
EQT XLPs: Empire State Development โ€“ New York Ventures, New York City Employees' Retirement System, Contra Costa County Employees' Retirement Association +3 more2022โ€”โ€”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 more2022โ€”17.4%1.21x0.01x
EQT X (No.2) USD SCSpLPs: California Public Employees' Retirement System2022โ€”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 System2022โ€”9.4%1.08x0.06x
EQT Exeter Industrial Core-Plus Fund IV, L.P.LPs: Pennsylvania Public School Employees' Retirement System2021โ€”8.1%1.12x0.05x
EQT Fund IXLPs: Empire State Development โ€“ New York Ventures, Chicago Teachers' Pension Fund2021โ€”โ€”1.35x0.18x
EQT Infrastructure V L.P.LPs: New Jersey Division of Investment, Maine Public Employees Retirement System2021โ€”11.1%1.33x0.22x
EQT Infrastructure IV Co-Investment (B) SCSp (Saber)LPs: New York City Fire Department Pension Fund2020โ€”6.0%โ€”0.06x
EQT Infrastructure IV Co-Investment (F) SCSp (Connect)LPs: New York City Fire Department Pension Fund2020โ€”40.6%1.50x0.17x
EQT Infrastructure IV Co-Investment (G) SCSp (Lightspeed)LPs: New York City Fire Department Pension Fund2020โ€”5.1%โ€”โ€”
EQT Infrastructure IV Co-Investment (Saber)LPs: New York City Board of Education Retirement System2020โ€”โ€”1.19x0.06x
EQT Infrastructure V (No.2) USDLPs: New York City Fire Department Pension Fund2020โ€”10.5%1.30x0.21x
EQT INFRASTRUCTURE V (NO2) USD SCSPLPs: Empire State Development โ€“ New York Ventures, New York City Fire Department Pension Fund, University of Texas Investment Management Company2020โ€”โ€”1.21x0.21x
EQT IX (Co-Invest)LPs: New York City Police Pension Fund, New York City Employees' Retirement System2020โ€”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 more2020โ€”8.3%1.26x0.30x
EQT IX Co-Invest Platform (No. 3) SCSpLPs: Teachers' Retirement System of the City of New York2020โ€”11.1%1.51x0.02x
EQT IX Co-InvestmentLPs: New York City Employees' Retirement System, New York City Fire Department Pension Fund2020โ€”11.1%1.51x0.02x
EQT Real Estate Rock Co-InvestmentLPs: Maine Public Employees Retirement System2020โ€”6.2%1.30xโ€”
EQT IXLPs: The Regents of the University of California, New York City Police Pension Fund, New York City Employees' Retirement System2019โ€”10.2%1.36x0.19x
EQT Real Estate IILPs: Maine Public Employees Retirement System2019โ€”7.5%1.21x0.33x
EQT Real Estate II RELPs: Maine Public Employees Retirement System2019โ€”โ€”1.09x0.36x
EQT Ventures IILPs: Orange County Employees Retirement System2019โ€”5.6%1.30x0.02x
EQT Fund VIIILPs: Empire State Development โ€“ New York Ventures, Chicago Teachers' Pension Fund2018โ€”20.1%1.79x0.99x
EQT Infrastructure IVLPs: Maine Public Employees Retirement System, New York City Board of Education Retirement System2018โ€”10.3%1.50x0.30x
EQT Infrastructure IV - USD FundLPs: New York City Board of Education Retirement System2018โ€”14.0%1.23x0.10x
EQT Infrastructure IV (No.2) USDLPs: Empire State Development โ€“ New York Ventures, Maine Public Employees Retirement System, Sacramento County Employees' Retirement System +3 more2018โ€”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 more2018โ€”20.6%1.84x0.98x
EQT VIII (Co-Invest)LPs: New York City Police Pension Fund2018โ€”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 Fund2018โ€”26.1%2.11x1.11x
EQT VIII SCSP (Co-Invest)LPs: Teachers' Retirement System of the City of New York2018โ€”26.0%2.10x1.10x
EQT Infrastructure III (No.2) SCSpLPs: New York City Fire Department Pension Fund2017โ€”20.2%1.90x1.70x
EQT INFRASTRUCTURE IIILPs: Maine Public Employees Retirement System, New York City Board of Education Retirement System2016โ€”20.1%1.73x1.58x
EQT VII (No. 2) Limited PartnershipLPs: San Diego County Employees Retirement Association2015โ€”19.6%1.86x1.57x
EQT VII, L.P.LPs: Empire State Development โ€“ New York Ventures, New York City Employees' Retirement System, New York City Police Pension Fund +2 more2015โ€”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 more2011โ€”13.6%1.74x1.74x
EQT V (No. 2), LPLPs: Empire State Development โ€“ New York Ventures2006โ€”โ€”1.39x1.39x
EQT EXETER INDUS COREPLUS IVLPs: New York City Board of Education Retirement Systemโ€”โ€”โ€”1.03xโ€”
EQT EXETER INDUST VALUE VILPs: New York City Board of Education Retirement Systemโ€”โ€”โ€”0.94xโ€”
EQT FUTURE ILPs: New York City Board of Education Retirement Systemโ€”โ€”โ€”1.35xโ€”
EQT FUTURE I CO INVESTLPs: New York City Board of Education Retirement Systemโ€”โ€”โ€”1.19xโ€”
EQT INFRA IV COINV SABERLPs: New York City Board of Education Retirement Systemโ€”โ€”โ€”1.33xโ€”
EQT IX COINVESTLPs: New York City Board of Education Retirement Systemโ€”โ€”โ€”1.16xโ€”
EQT IX USDLPs: New York City Board of Education Retirement Systemโ€”โ€”โ€”1.26xโ€”
EQT VIII COINVESTLPs: New York City Board of Education Retirement Systemโ€”โ€”โ€”1.34xโ€”
Eqt X L.P. UsdLPs: Contra Costa County Employees' Retirement Associationโ€”โ€”โ€”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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