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MOVAC Raises $30M For Third Fund
MOVAC has raised $30 million for its growth capital fund.
MOVAChasraised $30 million for its growth capital fund,AltAssetsreports. TheMOVAC IIIfund, which was seeded byMOVAC Partners, is backed by theNew Zealand Venture Investment Fund(NZVIF).
The product will invest in entrepreneurial companies that are seeking to expand into the venture capital sector. Depending on the total amount raised from private investment, the NZVIF will commit between $10 million and $20 million to the fund.
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