UniSuper is putting more than $56m into Uniseed, marking the superannuation fund’s first major foray into venture capital.
Uniseed, the Australia-based multi-university venture fund, secured a A$75m ($56.2m) commitment from superannuation fund UniSuper yesterday.
The investment marks UniSuper’s first major foray into venture capital, chief investment officer John Pearce told the Australian Financial Review. UniSuper hoped that it would turn “into a much more significant investment over time”, he added.
Unisex was founded in 2000 and is backed by CSIRO as…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
