The country’s venture capital firms offloaded start-up stakes worth almost $3 billion in the last six months, almost as much as in all of the previous year, increasing hopes among technology investors that floats and other deal activity is finally beginning to grow.
For two years, a listing on the ASX has been an unattractive option for many of the funds backing early-stage businesses. Now, they are back on the table, according to AirTree Ventures, Square Peg Capital, Reinventure and Perennial Private Investments, some of the biggest venture capital firms.
Loading...
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
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
