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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
6 mins to read

Pacific Channel closes $55m fund, triggers Elevate funding

The fund has invested $500,000 into a startup developing sustainable power.

Auckland-based Pacific Channel has closed its second investment, Fund II, at $55 million, exceeding the target by $5m, and triggering confirmation of $20m investment from the government-funded Elevate NZ Venture Fund.

The 10-year capped fund is now the country’s largest dedicated to deep

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Fiona Rotherham Mon, 22 Feb 2021
Contact the Writer: fiona@nbr.co.nz
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Pacific Channel closes $55m fund, triggers Elevate funding
Investment,
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