Company Interview / How this VC fund landed $100m from UniSuper

Peter Devine from Uniseed shares that Uniseed secures an additional $25M from UniSuper, building on a previous $75M commitment. This backing stems from a strong portfolio of private tech companies. Notable successes include selling Aurora to Schneider Electric and Foresight to GoPro.

Peter highlights Uniseed's strategy of sourcing technology from universities and CSIRO, setting up companies, and eventually selling them to larger partners. The focus is on tech diversity, from drug development to quantum computing and solar efficiency.

Uniseed's long-term investment approach faces challenges in Australia due to few super funds willing to wait for venture returns. UniSuper is commended for supporting innovation despite the high-risk nature of venture capital. The potential for substantial profits continues to drive interest