Sydney-based venture capital fund Equity Venture Partners has become the latest in a growing band to successfully raise a new fund in 2020, as the COVID-19 pandemic continues to provide a tailwind for the tech sector.

Led by long-time start-up investor Howard Leibman, the fund has closed the first $50 million tranche of capital for its third fund, out of a total of $75 million, which it intends to have locked away early in 2021.