Pacific Channel closes $55m fund

Leading New Zealand deep-tech venture capital firm, Pacific Channel has successfully closed its second investment fund, Fund II, at $55m, exceeding the original target of $50m.

Pacific Channel Managing Director, Brent Ogilvie

Pacific Channel Fund II will provide significant investment and a proven business ecosystem to support around 25 kiwi-based companies developing clean-tech, agri-tech, future foods, advanced engineering and manufacturing innovation. Deep-tech can drive significant economic growth by creating high value jobs and businesses; as well as great impact. As we focus on companies developing breakthrough technologies to address significant societal and environmental challenges.

Read the NBR article here: