Venture capital firm
Macquarie portfolio
macquarie.comMacquarie is a venture capital firm based in Adelaide, Australia, founded in 1969. It has invested in 52 venture-backed companies across 61 funding rounds on VCMC, and led 31 of those rounds. 9 of them were in the last 12 months.
52
Venture-backed companies
in its portfolio on VCMC
61
Funding rounds
led 31
9
Last 12 months
rounds, Oct 2025 to Sep 2026
14
With a disclosed valuation
of 52 companies
$159.7B
Combined value of its private companies
the whole companies, not what Macquarie owns
49 private companies Macquarie has backed have a VCMC valuation; together they are worth $159.7B. That is the value of the whole companies, not what Macquarie owns. Figure is 27% of the total. 3 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Macquarie's most valuable portfolio companies
The 10 most valuable private companies Macquarie has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Figure Industrial Machinery & Supplies, San Jose $43.7B range $30.5B – $67.7B Joined at Series C, 2025
- 2 Skild AI Software Development Services, Pittsburgh $23.2B range $12.2B – $31.0B Joined at Series C, 2026
- 3 Southern Water Water Supply & Water Treatment, Worthing $16.7B range $10.6B – $27.1B Led at Growth, 2026
- 4 Lambda Tech Companies, San Jose $12.4B range $6.8B – $17.9B Led at Growth, 2024
- 5 WHOOP Medical Supply Manufacturers, Boston $12.1B range $8.8B – $15.9B Joined at Series G, 2026
- 6 Verkor Batteries, Grenoble $9.8B range $3.5B – $13.9B Led at Series C, 2023
- 7 PsiQuantum Semiconductors, Palo Alto $9.6B range $6.0B – $11.0B Joined at Series E, 2025
- 8 TierPoint Hosting & Cloud Infrastructure Providers, St. Louis $4.0B range $322M – $7.4B Led at Growth, 2020
- 9 Tech Companies, Tokyo $3.5B range $2.3B – $4.1B Joined at Growth, 2025
- 10 Starcloud Tech Companies, Redmond $2.3B range $2.0B – $2.9B Joined at Series A, 2026
Portfolio
Full Macquarie portfolio (52 companies)
52 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Figure Industrial Machinery & Supplies · since Series C, 2025 | Growth Equity Sep 2026 $3.50B | $43.7B | $30.5B – $67.7B | $47.7B (+9%) | $4.3B | 0% | 955 | growing | B | |
| 2 | Lambda Tech Companies · led at Growth, 2024 | Debt Aug 2026 $926M | $12.4B | $6.8B – $17.9B | $12.6B (+2%) | $1.4B | 0% | – | unknown | B | |
| 3 | Verkor Batteries · led at Series C, 2023 | Growth Equity May 2024 $1.40B | $9.8B | $3.5B – $13.9B | $7.0B (-29%) | $958M | 0% | 993 | up | C | |
| 4 | PsiQuantum Semiconductors · since Series E, 2025 | Grant Jul 2026 $125M | $9.6B | $6.0B – $11.0B | $9.6B (0%) | $1.1B | 0% | 671 | up | B | |
| 5 | Form Energy Batteries · since Series A, 2018 | Debt Sep 2026 $270M | $792M | $652M – $1.1B | $985M (+24%) | $108M | 0% | 891 | flat | A | |
| 6 | Skild AI Software Development Services · since Series C, 2026 | Series C Jan 2026 $1.40B | $23.2B | $12.2B – $31.0B | $26.9B (+16%) | $3.0B | 0% | 178 | growing | B | |
| 7 | Southern Water Water Supply & Water Treatment · led at Growth, 2026 | Growth Equity Jun 2026 $1.59B | $16.7B | $10.6B – $27.1B | $17.8B (+6%) | $1.7B | 0% | 2,927 | up | B | |
| 8 | WHOOP Medical Supply Manufacturers · since Series G, 2026 | Series G Mar 2026 $575M | $12.1B | $8.8B – $15.9B | $13.8B (+14%) | $1.5B | 0% | 1,649 | growing | A | |
| 9 | TierPoint Hosting & Cloud Infrastructure Providers · led at Growth, 2020 | Growth Equity Feb 2022 $500M | $4.0B | $322M – $7.4B | $4.0B (0%) | $517M | 1% | 919 | flat | D | |
| 10 | Megvii Tech Companies · since Series D, 2019 | Series D May 2019 $750M | $591M | $277M – $3.5B | $591M (0%) | $658M | 97% | 414 | down | D | |
| 11 | Arcadia Tech Companies · since Series C, 2019 | Debt Apr 2024 $30M | $1.7B | $742M – $2.1B | $1.7B (0%) | $166M | 0% | 1,474 | growing | B | |
| 12 | Starcloud Tech Companies · since Series A, 2026 | Growth Equity Aug 2026 $250M | $2.3B | $2.0B – $2.9B | $2.5B (+8%) | $228M | 0% | 21 | up | A | |
| 13 | Tech Companies · led at Series D, 2021 | Growth Equity Oct 2023 $25M | $221M | $52.7M – $489M | $196M (-11%) | $26.7M | 47% | 200 | flat | D | |
| 14 | Tech Companies · led at Series D, 2023 | Series D Aug 2023 $54M | $642M | $114M – $1.3B | $529M (-18%) | $93.3M | 25% | 103 | flat | D | |
| 15 | Tech Companies · since Series A, 2020 | Acquisition Oct 2026 | $304M acquired 2026 | $140M – $463M | – | – | 0% | 102 | growing | B | |
| 16 | Tech Companies · led at Series D, 2020 | Series D Aug 2020 $15M | $171M | $14.0M – $276M | $171M (0%) | $28.5M | 8% | 155 | flat | D | |
| 17 | Tech Companies · led at Series A, 2022 | Series A Jul 2022 $11M | $72.0M | $7.33M – $165M | $67.3M (-6%) | $16.6M | 13% | 17 | up | D | |
| 18 | Tech Companies · led at Seed, 2026 | Seed Feb 2026 $7.0M | $79.2M | $34.1M – $158M | $104M (+31%) | $20.3M | 0% | 43 | growing | C | |
| 19 | Food delivery · led at Series B, 2014 | Debt Jan 2021 $1.20B | $326M | $37.7M – $786M | $326M (0%) | $103M | 32% | 583 | flat | D | |
| 20 | Payment Processing & Point of Sale · since Series D, 2021 | Series E Dec 2021 $200M | $1.7B | $115M – $3.0B | $1.7B (0%) | $329M | 0% | 55 | unknown | D | |
| 21 | Tech Companies · since Growth, 2025 | Growth Equity Nov 2025 $135M | $3.5B | $2.3B – $4.1B | $3.6B (+2%) | $372M | 0% | 266 | growing | A | |
| 22 | Loans & Financing · led at Series A, 2020 | Series A Sep 2020 $340M | $1.2B | $62.3M – $2.6B | $1.1B (-7%) | $363M | 0% | 57 | flat | D | |
| 23 | Cosmetics Stores · led at Series E, 2021 | Series E Mar 2021 $155M | $539M | $136M – $2.4B | $473M (-12%) | $265M | 70% | 434 | flat | D | |
| 24 | Chemicals · led at Growth, 2023 | Growth Equity Oct 2023 $325M | $1.1B | $643M – $2.5B | $698M (-39%) | $358M | 97% | 18 | shrinking | C | |
| 25 | Travel Agencies · since Series E, 2020 | Series E Mar 2020 $200M | $2.0B | $196M – $2.5B | $2.0B (0%) | $370M | 6% | – | flat | D | |
| 26 | Tech Companies · led at Series B, 2021 | Series C Aug 2025 $105M | $1.3B | $669M – $1.8B | $1.2B (-1%) | $139M | 3% | 468 | up | B | |
| 27 | Property Management · since Growth, 2021 | Growth Equity Apr 2021 $275M | $1.6B | $161M – $4.2B | $1.5B (-5%) | $303M | 26% | 1,224 | flat | D | |
| 28 | Car Rental · since Growth, 2022 | Growth Equity May 2022 $215M | $2.2B | $310M – $3.7B | $2.1B (-3%) | $237M | 8% | 70 | up | D | |
| 29 | Software Development Services · led at Growth, 2022 | Growth Equity Aug 2022 $90M | $258M | $93.2M – $1.6B | $204M (-21%) | $106M | 97% | 203 | down | D | |
| 30 | Electronics Stores · since Pre-seed, 2022 | Other Sep 2023 $6.5M | $98.6M | $6.79M – $178M | $97.2M (-1%) | $23.4M | 0% | 132 | up | D | |
| 31 | Tech Companies · led at Series C, 2022 | Debt May 2025 $40M | $258M | $31.3M – $637M | $230M (-11%) | $54.6M | 26% | 95 | flat | D | |
| 32 | Tech Companies · led at Series D, 2019 | Acquisition Feb 2026 | $457M acquired 2026 | $39.8M – $775M | – | – | 12% | 279 | flat | D | |
| 33 | Hydropower energy and services · since Growth, 2013 | Acquisition Aug 2018 $298M | $1.2B acquired 2018 | $73.0M – $1.9B | – | – | 0% | – | unknown | D | |
| 34 | Tech Companies · since Growth, 2023 | Growth Equity Mar 2023 $99M | $430M | $97.5M – $1.4B | $362M (-16%) | $110M | 45% | 412 | flat | D | |
| 35 | Software Development Services · since Series B, 2024 | Growth Equity Oct 2025 $45M | $528M | $338M – $749M | $528M (0%) | $47.5M | 0% | 191 | growing | B | |
| 36 | Scrap Metals · since Series C, 2023 | Growth Equity Nov 2025 $45M | $512M | $331M – $733M | $516M (+1%) | $46.5M | 0% | 67 | up | B | |
| 37 | Tech Companies · since Series C, 2025 | Series C Apr 2025 $56M | $580M | $326M – $823M | $580M (0%) | $69.5M | 0% | 267 | growing | B | |
| 38 | Tech Companies · led at Series A, 2026 | Series A Mar 2026 $25M | $173M | $88.3M – $319M | $203M (+17%) | $36.9M | 24% | 60 | growing | C | |
| 39 | Tech Companies · led at Series A, 2018 | Series B Jul 2020 $17M | $226M | $9.66M – $344M | $217M (-4%) | $29.6M | 0% | 447 | flat | D | |
| 40 | Software Development Services · led at Series B, 2022 | Series B Mar 2022 $25M | $64.8M | $13.0M – $271M | $60.7M (-6%) | $35.5M | 59% | 150 | up | D | |
| 41 | Investment Consultants & Financial Advisors · since Growth, 2018 | Growth Equity Jan 2018 $38M | $137M | $27.7M – $639M | $137M (0%) | $41.8M | 97% | 229 | down | D | |
| 42 | Tech Companies · led at Series A, 2022 | Series B Dec 2022 $20M | $89.6M | $14.1M – $258M | $70.2M (-22%) | $27.1M | 38% | 192 | flat | D | |
| 43 | Renewable energy companies · since Series B, 2017 | Series B Jul 2017 $34M | $223M | $16.0M – $364M | $223M (0%) | $40.1M | 5% | 622 | flat | D | |
| 44 | Investment Consultants & Financial Advisors · led at Growth, 2024 | Growth Equity Oct 2024 $27M | $332M | $110M – $505M | $332M (0%) | $29.9M | 0% | 35 | flat | C | |
| 45 | Payment Processing & Point of Sale · led at Growth, 2020 | Growth Equity Oct 2020 $25M | $159M | $18.9M – $445M | $147M (-7%) | $29.6M | 36% | 168 | flat | D | |
| 46 | Groceries · since Series A, 2021 | Series B Jan 2023 $12M | $37.1M | $9.92M – $196M | $28.0M (-25%) | $13.8M | 97% | 44 | down | D | |
| 47 | Tech Companies · led at Series B, 2022 | Series B Dec 2022 $20M | $229M | $30.4M – $351M | $218M (-5%) | $26.7M | 0% | 265 | up | D | |
| 48 | Tech Companies · led at Series A, 2022 | Series A Nov 2022 $17M | $78.9M | $9.13M – $194M | $67.0M (-15%) | $24.5M | 30% | 57 | flat | D | |
| 49 | Cosmetic Manufacturing · led at Series A, 2024 | Series A Oct 2024 $6.7M | $58.3M | $12.3M – $82.8M | $57.2M (-2%) | $9.39M | 0% | 130 | unknown | C | |
| 50 | Software Development Services · since Series B, 2025 | Series B May 2025 | $311M | $101M – $620M | $311M (0%) | $41.7M | 0% | 33 | up | C |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Macquarie invests: stages, industries and countries
Most of its rounds are Series C and later (57%). Its companies span 25 industries, most in Tech Companies, Software Development Services and Batteries, across 12 countries.
Rounds by stage
- Pre-seed 1
- Seed 1
- Series A 12
- Series B 12
- Series C and later 35
Investments by industry
- Tech Companies 21
- Software Development Services 5
- Batteries 2
- Investment Consultants & Financial Advisors 2
- Payment Processing & Point of Sale 2
- Cable & Internet Providers 1
- Car Rental 1
- Chemicals 1
Investments by country
- United States 29
- United Kingdom 7
- Australia 4
- Israel 4
- China 1
- France 1
Recent rounds
Macquarie's latest investments
Macquarie's most recent funding rounds, newest first. 9 rounds in the last 12 months.
- Southern Water Growth, led $1.59B 22 Jun 2026
- WHOOP Series G $575M 31 Mar 2026
- Starcloud Series A $170M 30 Mar 2026
- Series A, led $25M 18 Mar 2026
- Series A, led $25M 17 Mar 2026
- Seed, led $7.0M 12 Feb 2026
- Skild AI Series C $1.40B 14 Jan 2026
- Growth $135M 17 Nov 2025
- Series B, led amount not disclosed 14 Oct 2025
- Figure Series C $1.00B 16 Sep 2025
Co-investors
Macquarie's top co-investors
The investors that most often join the same rounds as Macquarie. Breakthrough Energy leads, with 5 rounds together.
- Breakthrough Energy 5 rounds together
- 4 rounds together
- 4 rounds together
- Energy Impact Partners 4 rounds together
- 3 rounds together
- Temasek 3 rounds together
- Coatue 3 rounds together
- 3 rounds together
- 2 rounds together
- 2 rounds together
About
About Macquarie
Macquarie Group Limited is an Australian financial services company that provides asset management, retail and business banking, wealth management, advisory, and risk and capital solutions. The company also operates as an investment bank, offering services such as mergers and acquisitions advisory, private equity, corporate banking, equities trading, foreign exchange trading, commodity trading, leasing, futures and options trading, and specialist advice. Macquarie serves clients in Australia, New Zealand, the Americas, Asia, Europe, the Middle East, and Africa, with a focus on sectors including renewables, infrastructure, technology, resources, commodities, and energy. The company is also involved in commodities trading and risk management solutions, and is listed on the Australian Securities Exchange.
Description from Veridion's company data.
- Founded
- 1969
- Based in
- Adelaide, Australia
- Team
- 20,733 people, -1% in a year
- Type
- Venture capital firm
Focus markets
- Financial Services
- Energy
- Infrastructure
- Technology
- Resources
- Commodities
What Macquarie offers
- Asset Management Services
- Investment Banking and Management Services
- Corporate Banking Services
- Retail and Business Banking Services
- Wealth Management Services
- Commodity Trading Services
- Infrastructure Asset Management Services
- Risk and Capital Solutions Services
Questions
Macquarie: frequently asked questions
How many companies has Macquarie invested in?
52 venture-backed companies on VCMC, across 61 funding rounds.
What are Macquarie's most valuable private companies?
Figure ($43.7B), Skild AI ($23.2B), Southern Water ($16.7B), by VCMC's valuation.
What was Macquarie's latest investment?
Southern Water, a Growth round in Jun 2026 of $1.59B, which Macquarie led.
Which stages does Macquarie invest in?
Macquarie invests most often at Series C and later (35 rounds), followed by Series A (12) and Series B (12). It has also joined 1 pre-seed and 1 seed rounds.
What is Macquarie's portfolio worth?
Its private companies with a VCMC valuation are worth $159.7B together. That is the sum of the companies' values, not what Macquarie owns.
Who does Macquarie invest alongside?
Breakthrough Energy (5 rounds), OurCrowd (4 rounds), Prelude Ventures (4 rounds).