NewsBite

Cannon-Brookes leads $10m raising for Spaceship amid super crunch

Michael Bailey
Michael BaileyRich List co-editor

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Atlassian co-founder Mike Cannon-Brookes has led a $10 million capital raise for online investment platform Spaceship, as it reveals 5 per cent of its super fund was withdrawn under COVID-19 hardship measures.

Spaceship's raise, via a convertible note rights issue, takes to $50 million the total attracted by the app-based platform, which launched in 2016 with a superannuation product weighted heavily towards technology shares, and aimed at Millennial or Generation Z Australians born since 1981.

Loading...
Michael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Financial services

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/link/follow-20180101-p55nbl