Australian venture capital firm OneVentures has hit a landmark moment, with the official closure of its first fund, providing strong returns to its backers, including the federal government, which provided half the money for the fund back in 2010.
This is a significant moment for the local technology industry as it marks the first major fund of the post dotcom era to officially wrap up and return good money to investors.
The return currently stands at four times the money invested, and could rise higher!!
Source AFR https://www.afr.com/technology/this-vc-firm-has-hit-a-landmark-and-it-s-payout-time-20240211-p5f427
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