Future Super keeps an ear out for potential buyers

It’s not just layoffs, bolt-on acquisitions and a series C capital raise that have kept Future Super Group’s top brass busy.Street Talk understands the superannuation and investing start-up has been soft sounding the market to scope out potential buyers for the business, which boosted revenue by 73 per cent to $61.2 million in the 2023 financial year – but still made $14.1 million net loss, thanks to hefty financing costs from an old convertible note.

“We are not expecting to pursue any offers for the business despite multiple recent approaches from various parties, as to date it continues to be our belief that returns for our members and shareholders, along with impact we seek to make for the planet, are best supported by staying independent,” she said, adding the firm upsized its series C to $20 million in December to bring on Singapore private equity investor Wipunen Incrementum Capital.

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