Investors accuse fast-growing venture fund Lakeba of inflating revenue
Investors in one of the country’s fastest-growing venture capital funds, Lakeba, have accused the company of inflating revenue forecasts and artificially boosting its portfolio value to secure funding.
Lakeba is a Sydney-headquartered start-up incubator which holds investments in a range of software and technology companies. It was founded in 2013 by Giuseppe Porcelli and this year was ranked 33rd in The Financial Times’ High-Growth Companies Asia-Pacific index.
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