OneVentures launches new innovation and growth fund
Australian venture capital specialist OneVentures has launched another fund — the OneVentures Innovation and Growth Fund II.
The company said the new fund was intended to raise $100 million from institutional investors and high net worth individuals over the next 12 months and would invest in a portfolio of emerging Australian companies with global ambitions across healthcare, education, mobile, media, cloud computing and data security and privacy.
The first OneVentures Innovation Fund, formed as an Early Stage Venture Capital Limited Partnership in 2010, raised $40 million and was supported by $20 million in funding from the Australian Government's Innovation Investment Fund.
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