Australia’s Telstra Ventures raises $350m for third VC fund

Australia’s Telstra Ventures raises $350m for third VC fund

Telstra. Photo: Bloomberg

Telstra Ventures, the venture capital arm of Australian telecom company Telstra, has announced the final close of its third VC fund at $350 million to invest in pre-growth and early growth companies.

The fund, Telstra Ventures Fund III, will seek opportunities in various sectors, including cloud, cyber, crypto, carbon and climate, coders, creators, and consumers, as well as other fast-growing software and digital sectors.

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