Atlassian founder backs impact investor Melior
Melior Investment Management, an impact investment house, has received funding and support from Atlassian founder Mike Cannon-Brookes.
Cannon-Brookes and his wife Annie’s private investment vehicle, Grok Ventures, would take a minority equity stake in Melior, having been a cornerstone investor in the Australian Impact fund for over a year.
Melior was launched in 2018 and its Australian Impact fund was launched in July 2019 and currently had $91 million in assets under management. The firm focused heavily on impact and ESG around three key UN Sustainable Development Goals (SDGs) of climate action, gender equality and reduced inequality and engaged in 200 advocacy engagements around FY21.
Cannon-Brookes said the decision to make additional support for Melior was fuelled by desire to catalyse impact investing in Australia.
“We all have a responsibility to do better. Investors need to consider their impact on the world, which is something Melior is tapping into. It’s this kind of epic leadership that drives real change across business,” he said.
Melior chief executive, Lucy Steed, said: “Mike, Annie and the Grok team share our view that public companies play a critical role in building a better, more sustainable future given their scale. Raising ESG ambition in corporate Australia is vital to solving the problems we face, including helping Australia achieve its commitments to the UN SDGs by 2030”.
Atlassian was one of Australia’s top technology firms, listed on the NASDAQ, and its share price had risen 104% over one year to 7 October, 2021.
AUTHOR
Laura Dew
Recommended for you
Selfwealth has provided an update on the status of its scheme implementation deed with Bell Financial Group as well as whether rival bidder Svava remains in the picture.
Magellan Financial Group has reported its first half FY25 results while appointing a new chief financial officer and promoting Sophia Rahmani to chief executive.
Schroders Australia has launched two active ETFs and plans to further expand its listed range over the year ahead.
Platform Netwealth has reported its financial results for the first half of FY25, reporting an 80 per cent increase in net flows, with its CEO viewing a “huge opportunity” from private assets.
