Temasek, Telstra back $149m Australian innovation push
IP Group, which specializes in commercializing intellectual property, has raised a new round of funding from investors including Temasek Holdings and Telstra Super, and pledged to invest A$200 million ($149 million) in Australia and New Zealand.
UK-based M&G Investments also came into the round as a new backer, while Invesco, Woodford Investment Management, and Lansdowne Partners all re-upped. IP Group’s investment in Australia is based on...
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