Australian VC Investible closes second fund at $37m, bets big on SE Asia

Australian VC Investible closes second fund at $37m, bets big on SE Asia

Rod Bristow, CEO, Investible

Australian early-stage VC firm Investible has closed its second vehicle at A$51.6 million ($36.8 million) and plans to set aside 30% of it to invest in Asian startups, a top executive of the company told DealStreetAsia.

Investible Early Stage Fund 2, which was launched in March 2021, had announced its first close in June at A$35 million. The vehicle is more than double the size of the firm’s first fund, which had closed at A$22.5 million in late 2019 after being oversubscribed.

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