Pacific Channel closes $55m fund, triggers Elevate funding
The fund has invested $500,000 into a startup developing sustainable power.
Auckland-based Pacific Channel has closed its second investment, Fund II, at $55 million, exceeding the target by $5m, and triggering confirmation of $20m investment from the government-funded Elevate NZ Venture Fund.
The 10-year capped fund is now the country’s largest dedicated to deep
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