The corporate has a 44% stake in growth equity fund AP Ventures, which plans to invest more than $30m in a total of five or six portfolio companies.
Australia-based digital payment technology and consumer credit provider Afterpay has launched an unlisted public investment partnership called AP Ventures, Australian Financial Review reported on Monday.
The corporate owns a 44% stake in AP Ventures, which has more than 100 shareholders including private equity groups Thorney and ICM.
AP Ventures will invest more than A$10m ($6m) per deal in later-stage rounds and plans to provide roughly $30m to $36m for a total of five or six companies in the coming years.
…
