# HESTA: portfolio, investments and team

> HESTA is an institutional lp based in Australia. 3 investments on record, 1 in the last 12 months, latest Jan 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/hesta (Millionrounds; every figure on the page links to its filing or article)

Australia · [Investor](https://millionrounds.com/investors)

# HESTA

Last cheque observed Jan 2026; 3 cheques on record.

Email

Deploying now Institutional LP

Growth Series A

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**50%** of best year **1** **cheques in 12 months**, 3 on record

Since the last cheque **282** days **00** hrs **00** min **00** sec

Median round **$27M** Rounds led **0 of 3**

Pitch HESTA

## HESTA highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Growth and Series A: 100% of its rounds

## What they do

- **Type:** Institutional LP (from a list, unverified)
- **Cheque size:** Not stated
- **Based in:** Melbourne, Australia
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **3 appearances**

- **2026** 1 round
- **Jan** **[Gilmour Space Technologies](https://millionrounds.com/company/gilmour-space-technologies)** Growth · AU · Startup Daily **$217M** With 9 others
- **2025** 1 round
- **Mar** **[Heidi Health](https://millionrounds.com/company/heidi-health)** Series A · AU · Startup Daily **$27M** With 6 others
- **2020** 1 round
- **Apr** **[Synergis Fund](https://millionrounds.com/company/synergis-fund)** AU · Firms' own news pages **$27M** With 3 others

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 **18** 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.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**5+** funds on file numbered funds in its name

## The cheque

Growth Series A

Median round joined **$27M** the round, not its cheque

Led 0 of 3 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Jan 2026

Rounds by stage said on their site

- Growth *1*
- Series A *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Blackbird](https://millionrounds.com/fund/blackbird) 2

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## Who they invest alongside

The investors most often in the same rounds as HESTA. A count of rooms they were both in, not a relationship either has claimed.

[**Blackbird** Private equity **2** rounds together](https://millionrounds.com/fund/blackbird)

## Recently backed

The latest companies HESTA put money into.

[**Gilmour Space Technologies** $217M · Jan 2026](https://millionrounds.com/company/gilmour-space-technologies)[**Heidi Health** $27M · Mar 2025](https://millionrounds.com/company/heidi-health)

## Quick answers about HESTA

### What does HESTA invest in?

HESTA invests most often at Growth and Series A (100% of the rounds on record).

### How active is HESTA?

3 investments on record, 1 of them in the last 12 months. The most recent was in Jan 2026.

### What has HESTA invested in recently?

Its most recent investments on record: Gilmour Space Technologies (Growth, Jan 2026), Heidi Health (Series A, Mar 2025) and Synergis Fund (Undisclosed round, Apr 2020).

### How big are HESTA's cheques?

The median round it joins is $27M.

### Is HESTA investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does HESTA invest alongside?

Most often Blackbird (2 rounds together).

### What kind of investor is HESTA?

HESTA is an institutional LP based in Melbourne, Australia.

### When was HESTA founded?

HESTA was founded in 1987.

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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=hesta) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=hesta)