Investor · 1 deal
Every published round HEST took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Gilmour Space | Series D+ | 20 Jan 2026 | $217m | Participant | Business News Australia, Startup Daily, SmartCompany (28 Apr 2026), SmartCompany (23 Jan 2026), Beaten Zone Venture Partners, SmartCompany (20 Jan 2026), Dealroom, Main Sequence Ventures portfolio |
Companies HEST has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Gilmour Space | Queensland rocket builder and launchpad scaleup | 20 Jan 2026, Series D+ | 1 | 0 |
Fund closes reported for HEST, as distinct from the investments it has made.
Companies HEST has backed that another company then bought. An exit for the holding, not a deal HEST did.
Stories naming HEST. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
MUFG's pensions arm has struck a binding agreement to acquire Grow Inc, a Sydney-founded superannuation administration startup whose shareholders — among them HESTA, Five V Capital and AirTree Ventures — must still approve the deal.
Also AFR Technology
Blackbird has locked in a second billion-dollar fund — its sixth, slightly bigger than the last — bringing in new institutional backers, and the article recalls portfolio wins, writedowns and failures.
Blackbird's Rick Baker recounts backing rocket firm Gilmour Space from its 2017 Series A to a newly closed A$217 million Series E at a valuation above US$1 billion.
Also @AuManufacturing