Healthcare superannuation fund HESTA has revealed that it chipped in $4.4 million to a $35 million Series B for Sydney biotech startup Inventia Life Science. The deal marks the first direct investment made by a super fund into an early-stage startup. The industry has previously tipped their cash into venture capital funds, with the VCs… Read more »
Superannuation fund UniSuper will invest $75 million into pioneering early-stage venture capital fund Uniseed in its first move into VC. Uniseed is the country’s oldest commercialisation fund, established in 2000. It is jointly owned by Universities of Melbourne, Queensland, Sydney, New South Wales and the CSIRO, and backs research and tech ventures developed by those… Read more »
An upcoming challenger superannuation brand, Tomorrow Super, is on the hunt for $5 million in pre-IPO funding. Founder and CEO Wes Hall says he wants to create a digital-first “game-changing” low cost, hassle free SMSF-type model for a ESG-conscious generation. “There are three undeniable trends when it comes to investing in Australia: economic activism through… Read more »
It’s no secret that when it comes to superannuation, Australian women continue to suffer undue and persistent disadvantage. A series of structural inadequacies and varied dynamics over the course of a woman’s life can, and in many cases do, lead to superannuation poverty. The concept of compulsory superannuation was designed with a full-time worker in… Read more »
How do we think about goals and dreams for the future when it feels like everything is falling apart? I’ve spent the past 10 years of my life coaching women on exactly that. But 2020 is a year that I have had to turn my own pain about the world into a positive… Read more »
AirTree Partners Craig Blair, James Cameron, Helen Norton, Daniel Petre, and John Henderson. Photo: Ryan Stuart Venture capital firm AirTree has raised a new $275 million fund to invest in early stage startups in Australia and New Zealand. It’s AirTree’s third fund, following on from 2016’s $250 million fund – backing the likes of Canva,… Read more »
Verve is a women-only fund focused on closing the gap between men and women’s super: women currently retire with an average of 47 percent less super than men.
Fintech startup Athena has raised a $15 million Series A round, with funding coming from Macquarie Bank, Square Peg Capital, Apex Capital, and Rice Warner.
Targeted at “lower net worth individuals”, the Ilumony platform is primarily focused around providing advice on KiwiSaver account.
Stockspot has announced the closing of a $3 million Series B round which will be used to help build out its digital product and expand its user base.
MYOB has launched Advanced People, a new cloud payroll solution designed to help mid-market businesses manage their payments.
SavvyKiwi looks to help match savers to the right fund. It then keeps monitoring the fund to keep savers abreast of any issues or changes that they should be aware of and, if they choose to switch, helps them easily transfer to another fund.
New startup Spaceship is set to launch its mobile-only superannuation fund after receiving $1.6 million in funding led by Atlassian cofounder Mike Cannon-Brookes. The startup has a particular focus on enabling people to invest their super into technology-driven startups and companies.
Melbourne FinTech startup Clover, an automated investment advice platform, has announced the raising of a seed funding round by a number of investors including superannuation fund Equipsuper. Though the startup wasn’t willing to reveal the exact amount, Startup Daily was able to confirm that Clover raised over $1 million.
Antler Investor Memo Series: Kidly is taking the pressure off parents to make sure their children have fun
Curdled dreams: ‘raw’ milk startup Made By Cow ceases production as it’s handed to administrators
Female-founded edtech Cleverbean raises $200,000 to reduce teach burnout
The Chainsmokers, Paris Hilton pile into $23 million Series A for expat Australian online shopping startup
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