Funding round
NEP Group Growth
Reported as "Growth Equity"
NEP Group, which works in live production services in Pittsburgh, raised $700M in a Growth round announced on 21 Oct 2025, led by 26North. 2 firms took part, 1 of them already investors.
$700M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
NEP Group did not disclose a valuation in this round. It is NEP Group's first venture round on record, 41 years after it was founded in 1984. No later venture round is on record for NEP Group.
NEP Group's funding rounds
This is the only venture round on record for NEP Group.
- Acquisition not a venture round 24 Jan 2013, led by Crestview Partners $800M
- Growth this round 21 Oct 2025, led by 26North $700M
Investors
Who put money in
26North led the round with 1 other firm. Carlyle had backed NEP Group before.
Lead investor
- new investor
Also in the round
- Carlyle backs 22 venture-backed companies existing investor
Comparable rounds
How it compares
6 Growth rounds in Video and Audio Production within a year either side disclosed an amount; the median was $125M, and this round was 5.6 times the median. The closest in time, other companies' Growth rounds in Video and Audio Production:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Video and Audio Production | 18 Sep 2025 | $100M | not disclosed | not named |
| Video and Audio Production | 18 Dec 2025 | $50M | not disclosed | Eldridge Industries |
| Legendary Video and Audio Production | 16 Jan 2026 | $150M | $4.00B | not named |
| Video and Audio Production | 26 Jun 2025 | $342M | not disclosed | Apollo |
| Video and Audio Production | 18 Jun 2025 | $85M | not disclosed | HarbourView Equity and Bpifrance Large Venture |
| Video and Audio Production | 13 Mar 2025 | $215M | not disclosed | NatWest Corporate Bank |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did NEP Group raise in its Growth round?
NEP Group raised $700M in its Growth round, announced in Oct 2025.
Who led NEP Group's Growth round?
26North led it, with Carlyle.
What was NEP Group's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Video and Audio Production?
6 Growth rounds in Video and Audio Production within a year either side disclosed an amount; the median was $125M, and this round was 5.6 times the median.