For nearly a decade, venture capital has been glaringly absent from Australia's financial market structure – and the missing link in the nation's fledgling tech ecosystem.
Now, it's safe to say the drought is broken, and the local VC sector is suddenly awash with capital.
OK, it's not quite a downpour of biblical proportions but domestic VC funds are on track for their second straight year of record fundraising. As reported by The Australian Financial Review this morning, AirTree Ventures closed a $250 million fund, the biggest yet, with support from two major superannuation funds.
Image: http://www.afr.com
