Australia · 
Who invested in HEO?
HEO's investors include Y Combinator, Liquid 2 Ventures, Airtree Ventures and In-Q-Tel.
202420252026
$12MSeries A$26MSeries B
Australia · Series B startup
Who invested in HEO
Funding summaryUpdated 26 Oct 2026
$38Mraised across 2 rounds since 2023, from 2 sources
$12MSeries A$26MSeries B
- Latest round
- Series B, $26MSept 2026
- Step-upi
- 2.2×
- Investors
- 4
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Series A, $12M Aug 2023
- Biggest round
- $26M Series B · Sept 2026
- Between rounds
- 3.1 years from the last two
The rounds
- Sept 2026
- Aug 2023
Founders and team
From HEO's own website: 3 founders.
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Everyone who backed them
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 3 firms list HEO as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.
Quick answers about HEO
How much has HEO raised?
HEO has raised $38M across 2 rounds since 2023.
When did HEO last raise?
HEO's most recent round was a Series B of $26M in Sept 2026.
What was HEO's biggest round?
Its most recent round, $26M in Sept 2026, is also its largest on record.
Who backed HEO first?
HEO's first round on record, in Aug 2023, was backed by Y Combinator, Liquid 2 Ventures and In-Q-Tel and 1 others.
What stage is HEO at?
HEO's latest named round is a Series B, in Sept 2026.
Where is HEO based?
HEO is based in Australia.
Companies like HEO
In the same sector, and raised in the last eighteen months.
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