Many of today's market leaders are still private.
EQUIAM is an investment firm managing funds focused on growth and late-stage technology companies. We systematically screen thousands of private companies, rigorously underwrite the strongest, and take high-conviction positions in proven market leaders.
Metrics as of the most recent reporting period. See important disclosures
Currently raising
Private Tech 30 Fund II →Selected positions
Fintech
The payments layer of the internet economy
AI
The frontier lab behind Claude
Data Analytics
Where enterprise data and AI workloads consolidate
Developer Infrastructure
The open-source backend layer for AI-era applications
Future of Mobility
Simulation and infrastructure for autonomous vehicle development
Developer Infrastructure
The deployment layer of the modern web
The growth now happens before the ticker
Thirty-four U.S. technology companies listed publicly in 2025, against a median of about 120 a year through the 1990s. Companies reach public scale years before any ticker exists, and the value created in those years accrues to whoever owned the shares privately. That window is what we invest in.
Source: Jay R. Ritter, University of Florida, Initial Public Offerings: Updated Statistics (2026), Table 4a. U.S. technology IPOs including direct listings, offer price $5.00 or greater. 2021 was the strongest year for listings in two decades at 126, about what a median year in the 1990s produced. The following year produced six.
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