Three $200 million Aussie funds have launched so far this year. Is this a welcome change in the weather for startups?
The announcement that Blackbird Ventures had raised $200 million for its second fund was big news on September 15. Two days ago, SEEK cofounder Paul Bassat joined the $200 million club with his new venture capital fund. The fund is backed by major investors including James Packer, some super funds, and a plethora of other wealthy individuals also focused on investing in Australia’s startup ecosystem.