Movac ‘turning away’ investors from new fund
The seasoned VC has closed its latest fund at $250m and made its first investments.
Leading venture capitalist Movac has closed New Zealand’s largest-ever VC fund and revealed its first two investments.
The Movac Fund 5 set out to raise $150 million to $200m but has reached $250m and has had to turn investors away, partner Lovina McMurchy said.
One of its cornerstone
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