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Australian Future Fund company logo
Sovereign Wealth Fund
FINANCE | Investment Firms & Funds
futurefund.gov.au

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Investments

29

Portfolio Exits

13

About Australian Future Fund

Australian Future Fund is a sovereign wealth fund from Australia. The firm invests for the benefit of future generations of Australians.

Australian Future Fund Headquarter Location

Locked Bag 20010

Melbourne, Victoria, 3001,

Australia

(03) 8656 6400

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Latest Australian Future Fund News

Australian Future Fund Invests In Applied Solar

Jun 8, 2015

Private Equity | 8 June 2015 Australian Future Fund Invests In Applied Solar by Ahemad Shaikh   @ahemad Applied Solar Technologies, a Delhi based solar power company has raised R256.36 Cr ($40 Mn) in a new round of funding led by Australian government’s sovereign wealth fund Future Fund, alongwith existing investors Bessemer Venture, Capricorn Investment and IFC. With the closure of fourth funding round, Applied Solar took its overall PE funding to more than $85 Mn. In 2009, Bessemer had invested an undisclosed amount in the company. In 2010, IFC alongwith Bessemer invested $21 Mn in the second round. Again in 2012, Bessemer, IFC and Capricorn invested $24.6 Mn in the company. Founded in 2008 by Vinod Agarwal, Kapil Kathpalia and Neeraj Saxena, Applied Solar is a solar PV based off-grid power solution company that provides off grid solar power currently to the telecom and banking sectors which often rely on diesel based generation for 50 to 100 per cent of their power requirements. It builds and operates solar installations and takes over the power supply management of each site. It uses a combination of solar PV, battery back-up and diesel generator making it a hybrid energy solution that optimizes the usage of various sources through a controller. Recently in May, New Delhi based SunTerrace Energy, a developer of solar energy plants had raised an undisclosed amount of funding from US based fund Sunergy Investors. In April, Renewable energy producer, Surana Telecom and Power had picked up 51% stake in Arhyama Energy which is proposing to setup 10MW Solar Power Plant at Kolanupaka Village in Telangana State. The deal size was not disclosed, however, the total investment outlay is estimated to R82.80 Cr.

Australian Future Fund Investments

29 Investments

Australian Future Fund has made 29 investments. Their latest investment was in Parsable as part of their Series D on August 8, 2020.

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Australian Future Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/11/2020

Series D

Parsable

$60M

No

5

4/25/2019

Series E

Coursera

$103M

Yes

11

4/8/2019

Series D

Bitglass

$70M

No

6

1/3/2019

Series D

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$99M

Subscribe to see more

10

12/19/2018

Series D

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$99M

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10

Date

8/11/2020

4/25/2019

4/8/2019

1/3/2019

12/19/2018

Round

Series D

Series E

Series D

Series D

Series D

Company

Parsable

Coursera

Bitglass

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Amount

$60M

$103M

$70M

$99M

$99M

New?

No

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

5

11

6

10

10

Australian Future Fund Portfolio Exits

13 Portfolio Exits

Australian Future Fund has 13 portfolio exits. Their latest portfolio exit was Fugue on February 17, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/17/2022

Acquired

$99M

2

10/11/2021

Acquired

$99M

17

10/7/2021

Acquired

$99M

4

8/25/2021

Reverse Merger

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$99M

Subscribe to see more

10

3/31/2021

IPO

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$99M

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10

Date

2/17/2022

10/11/2021

10/7/2021

8/25/2021

3/31/2021

Exit

Acquired

Acquired

Acquired

Reverse Merger

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

2

17

4

10

10

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