VC firm Pacific Channel branches out into Australia

Pacific Channel managing director Brent Ogilvie. (Image: Pacific Channel)

Fri, 09 Aug 2024

Venture capital firm Pacific Channel is setting up a new fund in Australia, in a move it believes is a first offshore expansion for such a New Zealand-based company.The Pacific Channel Ventures fund is being established with support from LaunchVic, a Victoria state government startup agency. LaunchVic is providing A$300,000 (NZ$329,000) to help Pacific Channel set up.Pacific Channel managing director Brent Ogilvie told BusinessDesk LaunchVic had seen a gap in the early-stage deep technology market, especially for medical technology. &...

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