How this VC fund landed $100m from UniSuper
One of Australia's largest industry funds UniSuper has lifted its venture capital allocation to $100 million, ignoring fears Labor's super tax reforms could remove the incentive for retirement savings to be invested in technology start-ups by increasing its stake in CSIRO-owned Uniseed.
The super giant made its foray into venture investing in 2022 with $75 million into Uniseed – a fund co-owned by the nation's research agency, CSIRO, and nine major Australian universities – and has now increased this with a further $25 million.
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