VC fund gets $20m government boost
Blackbird Ventures now has a $50m fund to invest in promising Kiwi startups.
Venture capital firm Blackbird is one of the first to benefit from the government’s $300 million Elevate Fund, with a $20m contribution.
Elevate was announced in the May 2019 budget and officially launched in March with the aim of addressing the funding gap for promising Kiwi companies.
Its
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