The CSIRO-linked venture firm has obtained additional capital from the Australian government less than a year after launching its second fund with an initial $194m.
Main Sequence Ventures, the Australia-based deeptech venture capital firm established by Commonwealth Scientific and Industrial Research Organisation, secured an additional A$150m ($105m) for its second fund today, according to StartupDaily.
The money came from the Australian government, which invested as part of its 10-year $1.6bn Research Commercialisation Action Plan that will primarily aim to help research progress through the valley of death. Founders can apply for funding at…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
