VENTURE CAPITAL

Forrest joins Gates’ climate venture fund

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Original article by Brad Thompson
The Australian Financial Review – Page: 15 : 5-Jul-21

Andrew Forrest has joined a number of well-known billionaires in investing in Breakthrough Energy Venture, a venture capital fund chaired by Microsoft’s co-founder Bill Gates. BEV will focus on emerging greenhouse gas-reducing technologies, and it has made initial investments in 46 companies across sectors such as electricity, transport and construction. The billionaires who have initially invested in BEV all made a minimum investment of at least US50 million ($66 million).

CORPORATES
MICROSOFT CORPORATION, BREAKTHROUGH ENERGY VENTURES

Fledglings targeted by $162m global fund

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Original article by Paul Smith
The Australian Financial Review – Page: 25 : 20-Mar-18

Venture capital firm Hatcher+ has entered into an partnership with technology start-up accelerator BlueChilli. Under the partnership, which will commence in April, Hatcher+ will co-invest in 240 new technology start-ups chosen by BlueChilli over the next three years, with finance to come from a new $US125 million ($A162 million) fund. BlueChilli founder and CEO Sebastien Eckersley-Maslin says it will need to find 12,000 entrepreneurs in order to choose the best 240, based on its previous processes for selecting start-ups to invest in.

CORPORATES
HATCHER+, BLUECHILLI, DROPSUITE, INZENSTUDIO, ICANDY INTERACTIVE LIMITED – ASX ICI