Early stage investment firm Investible has closed the first tranche of capital for a new $50 million fund after only three months of fundraising.
The fund has banked the first $35 million of its second fund and is set to start deploying capital from its second fund into seed-stage start-ups, with cheque sizes ranging from $500,000 to $800,000.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
