King River Capital has lined up a heavyweight list of backers as it raises more than $150 million for a new fund that will invest exclusively in artificial intelligence start-ups, taking its assets to about $1.2 billion.
The Sydney-headquartered crypto and software investor’s new vehicle is being backed by retirement fund Future Super, along with the wealthy Fairfax and Smorgon families and former ANZ chairman David Gonski.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
