NZVIF invests $11 million in new Silicon Valley-style venture capital micro fund

Tue, 19 Jan 2016

By Fiona Rotherham Jan. 20 (BusinessDesk) - The New Zealand Venture Investment Fund has committed around $11 million to become a cornerstone investor in a new joint New Zealand-Taiwan venture capital fund, the Global from Day One Fund 11. The technology-focused, 10-year fund has raised more than $30 million including $11 million respectively from NZVIF and its Taiwan counterpart, the National Development Fund, and is targeting a total of $45 million. It has been set up by investors from Auckland early stage fund Sparkbox Ventures and T...

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