As VC Soars, Main Sequence Attracts Temasek, Hostplus for Second Fund
The oversubscribed fund, which has raised $250 million AUD, is emblematic of the new popularity of venture capital.
Main Sequence, a deep technology venture capital (VC) firm based in Australia, has raised $250 million AUD (US$193.6 million) for its oversubscribed second investment fund. It has attracted a series of returning asset owners and investors.
Investors Hostplus, Horizons Ventures, Lockheed Martin, and Temasek, as well as other family offices and private investors in Morgan Stanley Wealth Management and Mutual Trust supported the raise, Main Sequence said Tuesday.
Investor interest in venture capital has been growing steadily over the years, but recently, it has gone positively gangbusters. Attractive returns from a growing number of unicorns, companies valued at upward of $1 billion, have boosted interest.