Street Talk

Superhero’s valuation climbs to $150m in wealth management push

The superannuation and advice platform is also hiring senior figures from State Street Global Advisers and Rest Super as part of its expansion plans.

Sarah Thompson, Kanika Sood and Emma Rapaport

Jun 1, 2025 – 7.24pm

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Share trading and superannuation platform Superhero is worth some $150 million and is heading into the wealth management sector after banking $11 million in its second funding round since the start of the year.

The raising, which saw the firm backed by existing investors, comes just four months after it pulled in $3 million at a $127.5 million valuation, bringing the total funds raised since it was founded in 2018 to $70 million.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.