What does Future Fund invest in?
Future Fund invests most often at Series D and Series C (67% of the rounds on record), in sectors such as Biotechnology, Medical and Financial Services.

Australia · Investor
Last cheque observed Jan 2026; 20 cheques on record.
Deploying nowGrowth equity
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1 cheques in the last 12 months
Mostly Series D and Series C: 67% of its rounds
Sole investor in 1 rounds, median $50M
Every round we can evidence, newest first20 appearances
1 round
1 round
4 rounds
6 rounds
5 rounds
1 round
1 round
1 round
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
We hold 4 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
The investors most often in the same rounds as Future Fund. A count of rooms they were both in, not a relationship either has claimed.
The latest companies Future Fund put money into.
4 episodes naming Future Fund in the title, and 4 more that mention it.

CIO Greatest Hits: Sovereign Wealth Funds – Raphael Arndt (Australia Future Fund)
MentionsFuture Fund

Australia's Sovereign Wealth Fund - With Ben Samild, Deputy CIO of Future Fund
MentionsFuture FundPeter Costello

Craig Shapiro and Tomas Alvarez Belon, Shared Future Fund
MentionsCraig ShapiroFuture FundBain & Company+1

DeepMind and Google, Starship Technologies’ funding, location-sharing apps, the European Future Fund
MentionsFuture FundGoogle

E 766, Germany's New Startup Strategy Is Really a Scaleup Strategy

Stephen Gilmore – CalPERS' Total Portfolio Approach (EP.486)

[REPLAY] Raphael Arndt – Australia's Sovereign Wealth Fund CIO (Capital Allocators, Episode 70)

DACH 2026 Outlook: AI Mega-Rounds, Dual-Use & the New Venture Stack
Future Fund invests most often at Series D and Series C (67% of the rounds on record), in sectors such as Biotechnology, Medical and Financial Services.
20 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Jan 2026.
Its most recent investments on record: Gilmour Space Technologies (Growth, Jan 2026), SteadyPay (Series A, Mar 2022) and Everactive (Undisclosed round, Jun 2019).
The median round it joins is $73M.
Sometimes: it led 1 of its 20 investments on record (5%).
Most of the companies it backs are in the United States (80%), Australia (5%) and the United Kingdom (5%).
Yes: it is actively investing, with 1 investments in the last 12 months.
Most often New Enterprise Associates (10 rounds together), Norwest Venture Partners (2 rounds together) and Quadrille Capital (2 rounds together).
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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it