King River Capital Lands Future Super and Wealthy Families for $150 Million AI Fund
Australian Financial Review
SKIPPED
Details
- Date Published
- 16 Mar 2025
- Priority Score
- 2
- Australian
- Yes
- Created
- 17 Mar 2025, 07:26 pm
Description
The Sydney-based crypto and software investor has landed its first superannuation backer for a new AI-focused venture capital fund
Summary
King River Capital, a Sydney-based investor in crypto and software, has successfully secured over $150 million in backing for a new fund dedicated to artificial intelligence start-ups. Significant contributors to this fund include Future Super, a retirement fund, and notable Australian families such as the Fairfax and Smorgon families. While the article highlights substantial financial investment in the AI sector, it predominantly focuses on venture capital and investment dynamics rather than direct AI safety measures or catastrophic risk considerations. Therefore, its contribution to AI safety discourse is more linked to economic growth and sector influence rather than direct safety implications.
Body
TechnologyVenture capitalPrint articleTess BennettTechnology reporterMar 18, 2025 – 9.00amSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginKing River Capital has lined up a heavyweight list of backers as it raises more than $150 million for a new fund that will invest exclusively in artificial intelligence start-ups, taking its assets to about $1.2 billion.The Sydney-headquartered crypto and software investor’s new vehicle is being backed by retirement fund Future Super, along with the wealthy Fairfax and Smorgon families and former ANZ chairman David Gonski.Loading...Tess Bennettis a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter.Connect withTessonTwitter.EmailTessattess.bennett@afr.comSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreVenture capitalStart-upsSuperannuationFetching latest articlesSports stars keep shifting their watch brand allegiancesBani McSpeddenDark Emu beer with native grains at this destination breweryCrocs turn 23 years old. Time to grow up and get shoesFour women who started businesses after the age of 45Sally PattenWhat happened when Domain learnt it spent $36m a year on meetingsThe country’s highest-paid directors revealedA backyard beehive and an on-trend merino sweater to wear this winterEugenie KellyWill BMW’s Neue Klasse range be the game-changing EVs they promise?The Australian gallery that made art fun turns 20Property billionaire Nick Andrianakos dies in GreeceYolanda RedrupCannon-Brookes describes ‘deep internal conflict’ over his private jetOscar Piastri on the secret of his $41m-a year success