Investible has $35 million in “critical” new funding for seed-stage startups

Seed-stage venture capital firm Investible has raised $35 million for its second fund, to bolster “critical” investment into Australia’s early-stage startup ecosystem.

This is the first close of the second fund, which came in above target. All in, Investible is seeking $50 million.

Supporting Australia’s seed-stage startups is “absolutely critical”, Investible chief executive Rod Bristow tells SmartCompany — even more so as the economy recovers following the COVID-19 pandemic.

“There’s quite a lot of money flowing into all asset classes, but particularly private markets,” he explains.