New Zealand’s MOVAC closes third fund at $33m
New Zealand-based early-stage investor MOVAC has raised NZ$42 million ($33.2 million) for its third fund. It will invest sums of NZ$1-5 million in local companies with an established track record that require growth capital.
"Since the launch of the fund in July last year, we've raised another $11 million from experienced investors, locally and offshore," said Phil McCaw, managing partner at MOVAC. "It's been heartening to...
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