US investors hunt for ‘kangaroo-nicorns’ in $420mn Australian VC fund
Airtree closes financing round as country once dismissed as tech backwater becomes target for foreign capital
Related reading
European start-up valuations boom on investor frenzy
Interest in AI and defence tech start-ups has boosted investor activity after a prolonged slowdown
US investors push for special funds to avoid Chinese tech
Institutional clients increasingly want so-called parallel funds that exclude certain assets
AI start-ups amass record $150bn funding cushion as bubble fears mount
Mega funding rounds create ‘fortress balance sheets’ as investors advise top groups to brace for tougher markets
Rare earths miner targets US investment to rival Chinese supplies
Australia’s Lynas raising more than $500mn to invest in capacity as governments seek more critical minerals
Bubble talk has not damped Silicon Valley AI rush
Venture capital dealmaking on Sand Hill Road is still frenzied despite falls in tech sector shares
UK government unit targets £99bn of investment from Australian pension funds
Plan will ‘deliver long-term economic growth while boosting our already strong trade relationship’, says minister