Venture capital firm EVP has banked $20 million since last Thursday from its partners and existing investors for its fifth fund, which the Sydney-based firm expects will swell to $500 million in the next decade.
EVP opened its new opportunities fund on Thursday morning and is targeting a first close of $30-$50 million of capital to make growth stage investments in Australian and New Zealand software businesses.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at [email protected]
