Sydney-based AirTree Ventures has pulled in a number of superannuation funds to back one of the largest ever local funds targeted at investments in emerging technology companies, with $275 million raised.
Local venture capital (VC) funds have long urged institutional investors to loosen the purse strings and take a punt on innovative new companies, and a few have taken a plunge in recent years, but AirTree's third fund is notable for having six institutional investors on board; including super and endowment funds.
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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
