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King River Capital announces first close of Fund 2
Announces first exit from Fund 1, with Sentropy Technologies to merge with Discord
SYDNEY & SAN FRANCISCO (BUSINESS WIRE) King River Capital (King River), the leading technology-focused venture capital firm with offices in Sydney and the US, today announces the successful first close of its second fund (KRC Fund 2), securing commitments of US$95million.
KRC Fund 2 investors include numerous technology entrepreneurs and leaders from companies such as Xero, AfterPay, Mirror, and Palantir, reflecting King River’s strong network of relationships across the industry in both Australia and the US. Other investors include leading institutions and family offices such as Ariadne Australia, Belfer Management and Marinya Capital. The firm is expecting full participation in Fund 2 from existing Fund 1 investors. ....

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