New Zealand: NZ$30m iGlobe Treasury Fund

iGlobe Treasury Venture Capital Fund Ready to Invest

iGlobe Treasury Fund today announced the closing of their first round of capital raising, for their NZ$30 million venture capital fund. It is now actively seeking out opportunities for investment in NZ early stage technology companies with high growth potential.

iGlobe Treasury Fund is one of five private sector venture capital funds to be backed by the NZ Venture Investment Fund (VIF) Ltd. iGlobe Treasury Fund’s key investors, who will collectively contribute NZ$20 million, matched by a $10 million commitment from VIF, are:

iGLOBE TREASURY FUNDS

iGlobe Treasury Fund announced the successful closing of its first round of fund-raising for NZ$30 million under the Venture Investment Fund (VIF) Program pioneered by the Government of New Zealand. VIF is a New Zealand Government backed venture capital “Fund of Funds.”

Investors participating in this first round include Singapore-based groups TIF Ventures Pte Ltd (a wholly-owned subsidiary of the Singapore Economic Development Board), and Green Dot Capital Pte Ltd (a wholly-owned subsidiary of Singapore Technologies Group), as well as New Zealand’s Venture Investment Fund (VIF), Accident Compensation Corporation, The Canterbury Community Trust, and other institutional and private investors.

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