The CSIRO’s technology and science investment fund Main Sequence raised $250 million to form a second fund to invest in emerging Australian “deep tech” and science-based start-ups, which it says demonstrate the potential to solve the world’s biggest problems.
Main Sequence now has $490 million in funds under management, with major investors from its first fund, Horizons Ventures, Hostplus and Temasek returning for a second shot, alongside multi-family office operator Mutual Trust and Morgan Stanley Wealth Management.
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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
