A new investment fund supported by government-backed venture capital funds in New Zealand and Taiwan has raised US$75 million ($89.2 million), of which at least US$35 million will be invested into local technology companies.
The GRC SinoGreen Fund III is overseen by a group of venture capitalists including Kiwi Tony Bishop and his team at the Auckland branch of GRC Managers, formerly known as Pan Pacific Capital.
Image: Franceska Banga says the fund will be important for New Zealand's growth-stage investment sector. Photo / Sarah Ivey
