A venture capital firm run from Byron Bay by a former Macquarie Bank and UBS banker has finalised the first close of a new $US50 million ($66.4 million) fund, aimed at backing ambitious companies at home and overseas that can ride the wave of global enthusiasm for climate tech.
ReGen Ventures is run by former investment banker and hedge fund manager, Dan Fitzgerald, who began investing in climate technology a decade ago as an angel investor. It has received backing from unnamed family offices, high net worth individuals and former start-up founders who have made their fortunes.
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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
