hostplus, Sam Sicilia

‘No superannuation fund has done more’: Hostplus fires back on Employment Hero founder’s ‘tirade’

- March 13, 2024 3 MIN READ

Hostplus says Employment Hero CEO Ben Thompson wants them to “pay to play” to promote the super fund on the employee platform, but they’ve turned it down because it’s “undisclosed advertising”. In a statement to Startup Daily in the wake of Thompson publishing the letter from Hostplus to fellow investor, VC fund Airtree, which called… Read more »

Employment Hero founder Ben Thompson

Employment Hero founder Ben Thompson fired a broadside at one of his investors, Hostplus, claiming the super fund ‘wants to put us out of business’

- February 29, 2024 3 MIN READ

Disrupting a $3.5 trillion industry is difficult. Just ask fintechs like Cannon-Brookes-backed Spaceship, Superhero, and Verve Super. Australia’s superannuation industry gets a $362 billion compulsory cake from fees – more than $30 billion annually – and wants to eat it all too. Treasury put out a consultation paper titled Securing Australians’ Superannuation late last year… Read more »

Canva cofounders
Venture Capital

Investments regulator APRA thinks Canva’s $39 billion valuation is on the money

- September 4, 2023 3 MIN READ

Canva’s $39 billion valuation has been given the tick of approval by the government financial watchdog, the Australian Prudential Regulation Authority (APRA), in a sign that investors have been getting it right when backing private tech companies. The regulator ran its ruler over Canva, which celebrated the 10th anniversary of its launch last week, as… Read more »

hostplus, Sam Sicilia

Super fund Hostplus tips another $100 million into uni commercialisation fund IP Group

- July 18, 2023 < 1 MIN READ

Industry superannuation fund Hostplus has poured another $100 million, on top of its existing $210 million investment, into listed early-stage science investor IP Group Australia.  The $310 million IP Group Hostplus Innovation Fund has invested in several university spin-outs, including electric vertical take-off and landing aircraft startup AMSL Aero, UNSW telecommunications traffic analysis venture Canopus… Read more »


Super fund HESTA reveals landmark $4.4 million investment in biotech startup Inventia Life Science

- June 2, 2022 2 MIN READ

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 »


UniSuper tips $75 million into early stage VC Uniseed

- March 25, 2022 2 MIN READ

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 »

Tomorrow Super, Wes Hall

Digital wealth management platform Tomorrow Super goes on the hunt for $5 million pre-IPO round

- September 20, 2021 2 MIN READ

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 »


Helping make women more financially secure is a massive challenge: here’s how the fintech sector is tackling it

- June 4, 2021 5 MIN READ

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 »