EQT
New York
Also known as Icapital Advisors, Llc
What they invest in
from 25 of 25 portfolio companiesAI & Machine Learning ร13Enterprise Software ร8Cloud Computing ร5Consumer ร5Energy ร5SaaS ร5Cleantech ร4Developer Tools ร4
HQs:United Statesร9United Kingdomร3Belgiumร1Canadaร1Germanyร1Franceร1
Investments ยท 25 tracked
founders shown can be your intro pathBy year:2026 ยท 72025 ยท 42024 ยท 12022 ยท 113 dated
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
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
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
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
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 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 is an AI and robotics company developing general-purpose humanoid robots for home and industrial use.
AI & Machine LearningConsumerHardwareRoboticsPalo Alto, US
Bernt รyvind Bรธrnich(CEO)Bernt Bรธrnich(Founder)in
Co-investorsAlliance VCAlliance VentureEQT VenturesSamsung NextSandwaterSkagerak Capital+8 more
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
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
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
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
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
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.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 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 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
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
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 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
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
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
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
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
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
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 portfolioCluePointsacq. by Eqt
Portfolio news
latest coverage across their companiesMistral ยท eu-startups.com ยท Sep 8, 2026

Starship ยท newsletter.terrawatchspace.com ยท Aug 24, 2026
Dwelly ยท therealdeal.com ยท Aug 19, 2026

Vinted ยท valueaddedresource.net ยท Aug 17, 2026
Edit with ยท eu-startups.com ยท Aug 12, 2026

Ineffable Intelligence ยท ai-updates.net ยท Aug 9, 2026

Fly.io ยท superbcrew.com ยท Aug 7, 2026
Meridian ยท bizjournals.com ยท Jul 20, 2026
Fund performance ยท per public LP disclosures ยท 57
as of Dec 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| EQT Infrastructure VILPs: New Jersey Division of Investment, Contra Costa County Employees' Retirement Association, Minnesota State Board of Investment +1 more | 2025 | โ | 2.0% | 1.01x | 0.12x |
| 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 Fund | 2024 | โ | โ | 1.18x | 1.18x |
| EQT Co-Invest Platform (No.15) SCSPLPs: Teachers' Retirement System of the City of New York, New York City Police Pension Fund | 2023 | โ | โ | 1.47x | 0.00x |
| EQT Future (No.2) SCSpLPs: New York City Employees' Retirement System, New York City Police Pension Fund | 2023 | โ | โ | 1.41x | 0.00x |
| EQT Future Co-InvestLPs: New York City Employees' Retirement System | 2023 | โ | โ | 1.47x | 0.00x |
| EQT Future SCSpLPs: Teachers' Retirement System of the City of New York | 2023 | โ | โ | 1.41x | 0.13x |
| 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 Company | 2023 | โ | โ | 0.96x | 0.03x |
| EQT Infrastructure VI USDLPs: Contra Costa County Employees' Retirement Association, New York City Fire Department Pension Fund | 2023 | โ | โ | 1.05x | 0.04x |
| EQTLPs: New York City Fire Department Pension Fund | 2022 | โ | โ | 0.94x | 0.13x |
| EQT Exeter Industrial Value Fund VI, LPLPs: Pennsylvania Public School Employees' Retirement System, Contra Costa County Employees' Retirement Association, South Carolina Retirement System Investment Commission | 2022 | โ | 4.6% | 1.05x | โ |
| EQT Fund XLPs: Chicago Teachers' Pension Fund | 2022 | โ | โ | 1.07x | 0.05x |
| EQT Ventures IIILPs: Orange County Employees Retirement System | 2022 | โ | 16.8% | 1.30x | โ |
| EQT XLPs: Empire State Development โ New York Ventures, New York City Employees' Retirement System, Contra Costa County Employees' Retirement Association +3 more | 2022 | โ | โ | 1.05x | 0.06x |
| 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 more | 2022 | โ | 17.4% | 1.21x | 0.01x |
| EQT X (No.2) USD SCSpLPs: California Public Employees' Retirement System | 2022 | โ | 6.8% | 1.06x | 0.07x |
| EQT X USD SCSPLPs: Teachers' Retirement System of the City of New York, New York City Board of Education Retirement System | 2022 | โ | 9.4% | 1.08x | 0.06x |
| EQT Exeter Industrial Core-Plus Fund IV, L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2021 | โ | 8.1% | 1.12x | 0.05x |
| EQT Fund IXLPs: Empire State Development โ New York Ventures, Chicago Teachers' Pension Fund | 2021 | โ | โ | 1.35x | 0.18x |
| EQT Infrastructure V L.P.LPs: New Jersey Division of Investment, Maine Public Employees Retirement System | 2021 | โ | 11.1% | 1.33x | 0.22x |
| EQT Infrastructure IV Co-Investment (B) SCSp (Saber)LPs: New York City Fire Department Pension Fund | 2020 | โ | 6.0% | โ | 0.06x |
| EQT Infrastructure IV Co-Investment (F) SCSp (Connect)LPs: New York City Fire Department Pension Fund | 2020 | โ | 40.6% | 1.50x | 0.17x |
| EQT Infrastructure IV Co-Investment (G) SCSp (Lightspeed)LPs: New York City Fire Department Pension Fund | 2020 | โ | 5.1% | โ | โ |
| EQT Infrastructure IV Co-Investment (Saber)LPs: New York City Board of Education Retirement System | 2020 | โ | โ | 1.19x | 0.06x |
| EQT Infrastructure V (No.2) USDLPs: New York City Fire Department Pension Fund | 2020 | โ | 10.5% | 1.30x | 0.21x |
| 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 Company | 2020 | โ | โ | 1.21x | 0.21x |
| EQT IX (Co-Invest)LPs: New York City Police Pension Fund, New York City Employees' Retirement System | 2020 | โ | 11.1% | 1.51x | 0.02x |
| 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 more | 2020 | โ | 8.3% | 1.26x | 0.30x |
| EQT IX Co-Invest Platform (No. 3) SCSpLPs: Teachers' Retirement System of the City of New York | 2020 | โ | 11.1% | 1.51x | 0.02x |
| EQT IX Co-InvestmentLPs: New York City Employees' Retirement System, New York City Fire Department Pension Fund | 2020 | โ | 11.1% | 1.51x | 0.02x |
| EQT Real Estate Rock Co-InvestmentLPs: Maine Public Employees Retirement System | 2020 | โ | 6.2% | 1.30x | โ |
| EQT IXLPs: The Regents of the University of California, New York City Police Pension Fund, New York City Employees' Retirement System | 2019 | โ | 10.2% | 1.36x | 0.19x |
| EQT Real Estate IILPs: Maine Public Employees Retirement System | 2019 | โ | 7.5% | 1.21x | 0.33x |
| EQT Real Estate II RELPs: Maine Public Employees Retirement System | 2019 | โ | โ | 1.09x | 0.36x |
| EQT Ventures IILPs: Orange County Employees Retirement System | 2019 | โ | 5.6% | 1.30x | 0.02x |
| EQT Fund VIIILPs: Empire State Development โ New York Ventures, Chicago Teachers' Pension Fund | 2018 | โ | 20.1% | 1.79x | 0.99x |
| EQT Infrastructure IVLPs: Maine Public Employees Retirement System, New York City Board of Education Retirement System | 2018 | โ | 10.3% | 1.50x | 0.30x |
| EQT Infrastructure IV - USD FundLPs: New York City Board of Education Retirement System | 2018 | โ | 14.0% | 1.23x | 0.10x |
| EQT Infrastructure IV (No.2) USDLPs: Empire State Development โ New York Ventures, Maine Public Employees Retirement System, Sacramento County Employees' Retirement System +3 more | 2018 | โ | 11.5% | 1.55x | 0.26x |
| EQT VIIILPs: The Regents of the University of California, New York City Employees' Retirement System, Connecticut Retirement Plans and Trust Funds +4 more | 2018 | โ | 20.6% | 1.84x | 0.98x |
| EQT VIII (Co-Invest)LPs: New York City Police Pension Fund | 2018 | โ | 26.2% | 2.11x | 1.12x |
| EQT VIII Co-InvestmentLPs: New York City Employees' Retirement System, New York City Police Pension Fund, New York City Fire Department Pension Fund | 2018 | โ | 26.1% | 2.11x | 1.11x |
| EQT VIII SCSP (Co-Invest)LPs: Teachers' Retirement System of the City of New York | 2018 | โ | 26.0% | 2.10x | 1.10x |
| EQT Infrastructure III (No.2) SCSpLPs: New York City Fire Department Pension Fund | 2017 | โ | 20.2% | 1.90x | 1.70x |
| EQT INFRASTRUCTURE IIILPs: Maine Public Employees Retirement System, New York City Board of Education Retirement System | 2016 | โ | 20.1% | 1.73x | 1.58x |
| EQT VII (No. 2) Limited PartnershipLPs: San Diego County Employees Retirement Association | 2015 | โ | 19.6% | 1.86x | 1.57x |
| 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 more | 2015 | โ | 20.5% | 1.96x | 1.49x |
| 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 more | 2011 | โ | 13.6% | 1.74x | 1.74x |
| EQT V (No. 2), LPLPs: Empire State Development โ New York Ventures | 2006 | โ | โ | 1.39x | 1.39x |
| EQT EXETER INDUS COREPLUS IVLPs: New York City Board of Education Retirement System | โ | โ | โ | 1.03x | โ |
| EQT EXETER INDUST VALUE VILPs: New York City Board of Education Retirement System | โ | โ | โ | 0.94x | โ |
| EQT FUTURE ILPs: New York City Board of Education Retirement System | โ | โ | โ | 1.35x | โ |
| EQT FUTURE I CO INVESTLPs: New York City Board of Education Retirement System | โ | โ | โ | 1.19x | โ |
| EQT INFRA IV COINV SABERLPs: New York City Board of Education Retirement System | โ | โ | โ | 1.33x | โ |
| EQT IX COINVESTLPs: New York City Board of Education Retirement System | โ | โ | โ | 1.16x | โ |
| EQT IX USDLPs: New York City Board of Education Retirement System | โ | โ | โ | 1.26x | โ |
| EQT VIII COINVESTLPs: New York City Board of Education Retirement System | โ | โ | โ | 1.34x | โ |
| Eqt X L.P. UsdLPs: Contra Costa County Employees' Retirement Association | โ | โ | โ | 1.08x | 0.05x |
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.















