Australian VC sector raised $568m in 2016, sitting on $450m dry powder

Australian VC sector raised $568m in 2016, sitting on $450m dry powder

REUTERS/Tim Wimborne

Australian venture capital (VC) is lagging behind more mature investment ecosystems despite a record $568 million being raised in 2016, with VC firms reporting sitting on up to $450 million in dry powder.

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