Major industry superannuation funds have struck three major venture capital deals in the last week, stroking hopes that retirement savings will underpin a resurgence of dealmaking among tech start-ups.
Hostplus, which invests largely on behalf of hospitality workers and has long been one of the biggest backers of privately owned tech companies, is putting $125 million more into a prominent fund that backs university-founded start-ups, while AustralianSuper and Australian Retirement Trust have put money into the latest vehicle from local giant Airtree Ventures.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
