A wide variety of backers, including iiNet founder Michael Malone, AirTree Ventures co-founder Daniel Petre and former NBA star Matthew Dellavedova, have put money into the first formal fund of early stage start-up investment firm Jelix Ventures, as it aims to fill a gap in the local funding scene.
Jelix is run by former investment banker Andrea Gardiner and her husband Ian Gardiner, who is also co-founder of start-up investment and networking group Innovation Bay. It invested $11 million in 26 start-ups through a syndicate approach before closing the new $15 million fund last week.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
