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…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).