NZ government boosts VC fund commitment
The New Zealand government has pledged an additional NZ$40 million ($28.3 million) to the New Zealand Venture Investment Fund, strengthening its commitment to the vehicle in which it has already invested NZ$160 million ($113.13 million).
New Zealand Venture Investment Fund CEO Fransceska Banga said the new capital will enable it to reinvest the returns it makes from its current funds into new VC funds, rather than creating fresh fund commitments....
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