Australia's Telstra Ventures raises $336m for latest global fund
Australia’s Telstra Ventures has closed its third global fund on AUD 500m (USD 336m), beating a target of AUD 400m. Fund II closed on AUD 675m in 2018 and added a USD 50m sidecar the following year.
Telstra Ventures was established in 2011 as a captive corporate VC arm of Australian telecom giant Telstra. It went independent in 2018 with support from HarbourVest Partners, which put at least USD 55m...
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