# Future Fund: portfolio, investments and team > Future Fund is a growth equity based in Australia. 20 investments on record, 1 in the last 12 months, latest Jan 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/future-fund (Millionrounds; every figure on the page links to its filing or article) Australia · [Investor](https://millionrounds.com/investors) # Future Fund Last cheque observed Jan 2026; 20 cheques on record. Email Deploying now Growth equity Series D Series C Series E Biotechnology Medical Financial Services Follow Future Fund and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ffuture-fund) Deploying now **100%** of best year **1** **cheques in 12 months**, 20 on record Since the last cheque **282** days **00** hrs **00** min **00** sec Median round **$73M** Rounds led **1 of 20** Sole investor **1 rounds** Mostly in **United States, 80%** Pitch Future Fund ## Future Fund highlights - 01 1 cheques in the last 12 months - 02 Mostly Series D and Series C: 67% of its rounds - 03 Sole investor in 1 rounds, median $50M ## What they do - **Type:** Growth equity (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Biotechnology Medical Financial Services - **Based in:** Melbourne, Australia - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **20 appearances** - **2026** 1 round - **Jan** **[Gilmour Space Technologies](https://millionrounds.com/company/gilmour-space-technologies)** Growth · AU · Startup Daily **$217M** With 9 others - **2022** 1 round - **Mar** **[SteadyPay](https://millionrounds.com/company/steadypay)** Series A · GB · Firms' own news pages **$5.0M** With 2 others - **2019** 4 rounds - **Jun** **[Everactive](https://millionrounds.com/company/everactive)** US · Finance **$30M** *Led* - **Apr** **[Bitglass](https://millionrounds.com/company/bitglass)** Series D · US · FinSMEs **$70M** With 4 others - **Mar** **[Eargo](https://millionrounds.com/company/eargo)** Series D · US · FinSMEs **$52M** With 4 others - **Jan** **[Gladly](https://millionrounds.com/company/gladly)** Series D · US · FinSMEs **$50M** With 3 others - **2018** 6 rounds - **Dec** **[Sprout](https://millionrounds.com/company/sprout)** Series D · US · FinSMEs **$41M** With 3 others - **Jul** **[Tuya Smart](https://millionrounds.com/company/tuya-smart)** Series C · CN · China Money Network **$200M** With 5 others - **Jul** **[Metromile](https://millionrounds.com/company/metromile)** Series E · US · VentureBeat **$90M** With 4 others - **May** **[ThoughtSpot](https://millionrounds.com/company/thoughtspot)** Series D · US · FinSMEs **$145M** With 4 others - **Apr** **[Welltok](https://millionrounds.com/company/welltok)** Series E · US · FinSMEs **$75M** With 6 others - **Mar** **[Radiology Partners](https://millionrounds.com/company/radiology-partners)** US · FinSMEs **$234M** With 1 other - **2017** 5 rounds - **Aug** **[Databricks](https://millionrounds.com/company/databricks)** Series D · US · FinSMEs **$140M** With 5 others - **Jul** **[Desktop Metal](https://millionrounds.com/company/desktop-metal)** Series D · US · FinSMEs **$115M** With 13 others - **May** **[Radiology Partners](https://millionrounds.com/company/radiology-partners)** US · FinSMEs **$200M** With 1 other - **Mar** **[Moximed](https://millionrounds.com/company/moximed)** Series C · US · FinSMEs **$50M** With 6 others - **Jan** **[Bitglass](https://millionrounds.com/company/bitglass)** Series C · US · FinSMEs **$45M** With 2 others - **2016** 1 round - **Aug** **[MapR](https://millionrounds.com/company/mapr)** US · FinSMEs **$50M** Sole investor - **2015** 1 round - **Jun** **[Applied solar Technologies](https://millionrounds.com/company/applied-solar-technologies)** Venture · IN **$40M** With 3 others - **2004** 1 round - **Jan** **[MindMatters Technologies](https://millionrounds.com/company/mindmatters-technologies)** Venture · US **Undisclosed** With 1 other 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. ## The team 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 cheque Series D Series C Series E Median round joined **$73M** the round, not its cheque Alone, median **$50M** Led 1 of 20 rounds **5%** - **Sole investor:** 1 rounds - **Last cheque:** Jan 2026 Rounds by stage said on their site - Series D *7* - Series C *3* - Series E *2* - Venture *2* - Growth *1* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) 10 - [Norwest Venture Partners](https://millionrounds.com/fund/norwest) 2 - [Quadrille Capital](https://millionrounds.com/fund/quadrille-capital) 2 - [Vertex](https://millionrounds.com/fund/vertex) 2 **Pitching Future Fund?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside 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. [**New Enterprise Associates** VC firm **10** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Norwest Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/norwest)[**Quadrille Capital** VC firm **2** rounds together](https://millionrounds.com/fund/quadrille-capital)[**Vertex** Hedge fund **2** rounds together](https://millionrounds.com/fund/vertex) ## Recently backed The latest companies Future Fund put money into. [**Gilmour Space Technologies** $217M · Jan 2026](https://millionrounds.com/company/gilmour-space-technologies)[**SteadyPay** $5.0M · Mar 2022](https://millionrounds.com/company/steadypay)[**Everactive** $30M · Jun 2019](https://millionrounds.com/company/everactive)[**Eargo** $52M · Mar 2019](https://millionrounds.com/company/eargo)[**Sprout** $41M · Dec 2018](https://millionrounds.com/company/sprout)[**ThoughtSpot** $145M · May 2018](https://millionrounds.com/company/thoughtspot) ## On podcasts 4 episodes naming Future Fund in the title, and 4 more that mention it. - [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 1 Sept 2025 · 1h 26m CIO Greatest Hits: Sovereign Wealth Funds – Raphael Arndt (Australia Future Fund) Mentions [Future Fund](https://millionrounds.com/fund/future-fund) Apple PodcastsShow page - [Money Maze Podcast](https://millionrounds.com/podcasts/money-maze) 20 Apr 2023 · 46 min Australia's Sovereign Wealth Fund - With Ben Samild, Deputy CIO of Future Fund Mentions [Future Fund](https://millionrounds.com/fund/future-fund)[Peter Costello](https://millionrounds.com/person/peter-costello) Apple PodcastsShow page - [Inevitable](https://millionrounds.com/podcasts/inevitable) 5 Jul 2022 · 1h 2m Craig Shapiro and Tomas Alvarez Belon, Shared Future Fund Mentions [Craig Shapiro](https://millionrounds.com/fund/craig-shapiro)[Future Fund](https://millionrounds.com/fund/future-fund)[Bain & Company](https://millionrounds.com/fund/bain-and-company) *+1* Apple PodcastsShow page - [Tech.eu](https://millionrounds.com/podcasts/tech-eu) 28 Aug 2019 · 25 min DeepMind and Google, Starship Technologies’ funding, location-sharing apps, the European Future Fund Mentions [Future Fund](https://millionrounds.com/fund/future-fund)[Google](https://millionrounds.com/fund/google-assistant-investments) Apple PodcastsShow page ### Mentioned in - [Startuprad.io](https://millionrounds.com/podcasts/startuprad) 28 Jul 2026 · 24 min E 766, Germany's New Startup Strategy Is Really a Scaleup Strategy Apple PodcastsShow page - [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 9 Feb 2026 · 58 min Stephen Gilmore – CalPERS' Total Portfolio Approach (EP.486) Apple PodcastsShow page - [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 9 Feb 2026 · 1h 26m [REPLAY] Raphael Arndt – Australia's Sovereign Wealth Fund CIO (Capital Allocators, Episode 70) Apple PodcastsShow page - [Startuprad.io](https://millionrounds.com/podcasts/startuprad) 18 Dec 2025 · 20 min DACH 2026 Outlook: AI Mega-Rounds, Dual-Use & the New Venture Stack Apple PodcastsShow page ## Quick answers about Future Fund ### 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. ### How active is Future Fund? 20 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Jan 2026. ### What has Future Fund invested in recently? Its most recent investments on record: Gilmour Space Technologies (Growth, Jan 2026), SteadyPay (Series A, Mar 2022) and Everactive (Undisclosed round, Jun 2019). ### How big are Future Fund's cheques? The median round it joins is $73M. ### Does Future Fund lead rounds? Sometimes: it led 1 of its 20 investments on record (5%). ### Where does Future Fund invest? Most of the companies it backs are in the United States (80%), Australia (5%) and the United Kingdom (5%). ### Is Future Fund investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### Who does Future Fund invest alongside? Most often New Enterprise Associates (10 rounds together), Norwest Venture Partners (2 rounds together) and Quadrille Capital (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=future-fund) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=future-fund)