NZVIF commits $13.5m to Movac's fourth fund
New Zealand Venture Investment Fund (NZVIF) has committed NZ$20 million ($13.5 million) to the fourth fund of domestic early-stage investor Movac Partners.
This is the second Movac fund in which NZVIF has invested; the LP also contributed to Fund III, which launched in 2011 and closed in 2012 with NZ$42 million. Movac is seeking to raise NZ$80-100 million...
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