Australian-based venture investors Artesian has closed the first $45 million tranche of a new $100 million fund that will only back start-ups run by women developing technology specifically for women.
In partnership with Scale Investors, a network of female-focused angel investors, Artesian has locked in an initial $45 million cornerstone investment from two superannuation funds, Hostplus and Legal Super, and is scouring the market for other super funds and family offices to bring the total fund to $100 million.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
