Just capital: venture firm GD1 on NZ's investment boom

Just capital: venture firm GD1 on NZ's investment boom
Global From Day 1 just raised $130 million for its third fund. (Image: Supplied)
Dan Brunskill
New Zealand’s venture capital market has doubled in size in the past year alone as successful exits from the likes of Vend and Rocket Lab have fed the ecosystem, says GD1 partner Vignesh Kumar.His venture firm, Global From Day 1, just raised $130 million for its third fund and plans to raise another $30m.Large institutional funds, private wealth platforms and “noteworthy tech-founders” were among those contributing the cash, the firm said.New Zealand Growth Capital Partners made a $45m investment from the Elevate NZ Venture Fu...

More Markets

Aus: Tax cuts, rates chatter to play into consumer sentiment
Markets

Aus: Tax cuts, rates chatter to play into consumer sentiment

Consumer and business confidence surveys are due out this week. 

AAP 7:00am
Medicinal cannabis law changes expected to grow industry
Primary Sector

Medicinal cannabis law changes expected to grow industry

Law changes will make it easier and cheaper for medicinal cannabis to be exported.

NZ sharemarket up 0.4% to end the week
Markets Market close

NZ sharemarket up 0.4% to end the week

The S&P/NZX 50 Index closed at 11,794.81, up 48.15 points or 0.41%.

Graham Skellern 05 Jul 2024