Fewer local venture-capital firms closed new funds in the past year, cementing a divide between established and newer investors.
Just seven firms closed new funds totalling $US1.88 billion ($3 billion) last year, according to data compiled for The Australian Financial Review by researchers at Pitchbook.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
