Funding round
INDAQUA Growth
Reported as "Growth Equity"
INDAQUA, which works in municipal water concession management in Matosinhos, raised $419M in a Growth round announced on 11 Sep 2025. 2 firms took part.
$419M
Amount raised
358,000,000 EUR converted
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
INDAQUA did not disclose a valuation in this round. It is INDAQUA's first venture round on record, 31 years after it was founded in 1994. No later venture round is on record for INDAQUA.
INDAQUA's funding rounds
This is the only venture round on record for INDAQUA.
- Growth this round 11 Sep 2025 $419M
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- backs 27 venture-backed companies new investor
- Santander new investor
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Water Supply & Water Treatment:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Water Supply & Water Treatment | 10 Jul 2025 | $115M | not disclosed | not named |
| Water Supply & Water Treatment | 1 May 2025 | $267M | not disclosed | not named |
| Southern Water Water Supply & Water Treatment | 22 Jun 2026 | $1.59B | not disclosed | Macquarie |
| Water Supply & Water Treatment | 4 Jun 2026 | $8.5M | not disclosed | YFM Equity Partners |
| Water Supply & Water Treatment | 3 Dec 2024 | undisclosed | not disclosed | Chartwell Investments |
| Water Supply & Water Treatment | 3 Sep 2026 | undisclosed | not disclosed | Fusion Capital Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did INDAQUA raise in its Growth round?
INDAQUA raised $419M in its Growth round, announced in Sep 2025.
Which investors took part in INDAQUA's Growth round?
Schroders Capital and Santander.
What was INDAQUA's valuation at the Growth round?
It was not disclosed.