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LaunchVic’s investments are set to unlock up to $280 million for the Victorian early-stage capital market by 2024. Learn more about our work growing Victoria’s investor community.
The Victorian Government made a $60 million cornerstone investment in the Victorian Startup Capital Fund (VSCF).
The VSCF is a Fund of Funds designed to grow Victoria’s early-stage VC sector and to inject more capital into the early-stage venture capital landscape.
After a competitive procurement process, V-Ignite were appointed to manage the fund, and will now raise at least $60 million from private investors, including super funds, family offices and high net worth individuals, to match the Victorian Government’s $60 million cornerstone investment managed by LaunchVic.
The VSCF will then invest in Victorian based early-stage VC Funds Limited Partnerships and Victorian-based angel sidecar funds who will need to match the funding made by the VSCF – resulting in a $240 million increase to early-stage investments being made in Victoria.
LaunchVic Ltd will continue to manage the Government’s cornerstone investment and act as a limited partner investor into the VSCF.
Potential investors interested in finding out more about the Victorian Startup Capital Fund can email: info@v-ignite.v
