Early Stage Tech Start-Ups Get New $50 Million Fund
Early stage investment operator Investible has closed the first tranche of capital for a new $50 million fund after only three months of fundraising.
The fund has banked the first $35 million of its second fund and is set to start deploying capital from its second fund into seed-stage start-ups, with cheque sizes ranging from $500,000 to $800,000.
Investible CEO Rod Bristow, formerly with ASX-listed Clime Investment Management, joined Investible in March and has raised $35 million for a second fund.
“[Fund two] will have the same approach as the first fund. It’ll be sector agnostic and a global tech focus,” he said. “We have done a slight change though, and increased the allocation to impact investments to 10 percent, up from five percent.