Investor · 7 deals
Every published round HESTA 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.
Companies HESTA 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 | 4 Mar 2024, Series D+ | 2 | 0 |
| Heidi Health | Australian HealthTech company | 25 Oct 2023, Series A | 2 | 0 |
| EBR Systems | Developer of a left ventricular cardiac resynchronisation device | Nov 2021 | 1 | 0 |
| Morse Micro | Hardware/Robotics/IoT company | 28 Nov 2022, Series B | 1 | 0 |
| SafetyCulture | Workplace safety and operations software company. | 9 Sep 2024, undisclosed | 1 | 0 |
Fund closes reported for HESTA, as distinct from the investments it has made.
Companies HESTA has backed that another company then bought. An exit for the holding, not a deal HESTA did.
| Name | Role | Sources |
|---|---|---|
| Sonya Sawtell-Rickson | Chief Investment Officer | Brandon Capital |
Stories naming HESTA. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
MUFG's pension services arm has signed a binding deed to buy GROW Inc, which provides superannuation administration technology in Australia; completion awaits approvals, the price is undisclosed, and client fund HESTA backs the move.
Also Australian FinTech
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.
Heidi Health is negotiating a funding round exceeding 100 million dollars that would value the medical AI company at over one billion dollars.
Roundup of four ANZ raises: a Queensland rocket company's nine-figure Series E, a New Zealand legal-AI firm's Series B, a seed round for AI code-security, and a Melbourne construction-software raise.
Brandon Capital has completed a A$439 million final close for its sixth life sciences fund, bringing the National Reconstruction Fund Corporation and WA Government in alongside backers such as HESTA, Hostplus, CSL and QIC.
Weekly roundup detailing six Australian startup raises announced this week, covering Heidi Health, Instant, Esper, Trusst AI, Flowing Bee and GonGlobal, with investors, founders, valuations and earlier rounds.
Also Startup Daily
Fair Supply, which scores supply-chain ESG risks, announced a round of over $12 million led by Five V Capital with AirTree and QIC, funding growth in Canada and Europe.
Supply-chain ESG compliance software firm Fair Supply has a new investment round led by Five V Capital with AirTree and QIC taking part, as it prepares to expand into Canada and Europe.
Long-time SafetyCulture chief Luke Anear hands the reins to Kelly Vohs while moving to the chair; the piece also recaps the firm's recent raises, valuation dip and backer changes.
Weekly roundup of readers' top five stories: Gilmour Space's $55m Series D raise, a $50m MRFF grant for an artificial heart consortium, K-TIG entering administration, defence budget news, and Queensland's return to venture investing.
Roundup of ten Australian startup raises totalling $38.8 million, topped by Heidi Health's Series A, also recording an Outstaffer executive appointment and the earlier sale of CarAdvice to Nine.
Heidi Health, whose AI tool trims paperwork for family doctors, has banked a $10 million Series A round led by returning backer Blackbird, with co-investors including Hostplus and Hesta.
Also Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Forbes Australia·Forbes Australia
Cardiac pacing company EBR Systems says its SOLVE-CRT trial hit its safety and efficacy goals early, keeping a 2024 US approval bid on course; the article also recalls its 2021 ASX listing.
Pathzero has topped up its Series A with $8.6 million led again by Carthona Capital, lifting that round to $15.6 million. The piece also recalls earlier raises and notes funding by Arvani and Greener.
Also SmartCompany
Sydney carbon-accounting startup Pathzero raised an AUD 8.6 million Series A+ extension led by Carthona Capital, with Clyde Bank Holdings and Antler participating, to help financial institutions track financed emissions.
Weekly roundup reporting nine Australian startups that together secured roughly $104 million across sports tech, semiconductors, regtech, legal automation, SaaS, edtech, agtech and biotech, with Vald's $36 million the largest.
Also Techboard
Wi-Fi HaLow chip maker Morse Micro raised a further $30 million for its Series B from Australian superannuation funds, lifting the round to $170 million; its earlier seed and Series A raises are also recapped.
Also SmartCompany·Techboard·Startup Daily·SmartCompany·Startup Daily
Australian carbon risk fintech Emmi has raised $3.5 million from Illuminate Financial, Artesian VC and wealthy Australian investors to expand its Global Carbon Efficiency Rating internationally.
Also Techboard·SmartCompany
Index of the venture firm's portfolio updates: financing rounds for AdvanCell and ENA Respiratory, grant awards via incubator programs, two closes of Fund Six, board hires, and Myricx Bio's completed sale to Novartis.
Also Brandon BioCatalyst portfolio·Brandon Capital portfolio·Uniseed·Brandon Capital portfolio·Brandon BioCatalyst portfolio·Brandon BioCatalyst portfolio·Brandon Capital portfolio·Brandon Capital portfolio·Brandon Capital portfolio·SmartCompany·AFR Technology·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·@AuManufacturing·finance.yahoo.com·enarespiratory.com·Mirage News·advancell.com.au·Forbes Australia·datapile.co·Dealroom·Forbes Australia·datapile.co·Biotech Dispatch·fundedstartupsdaily.com·fundedstartupsdaily.com