New Victorian angel investment groups receive funding


Thursday, 25 August, 2022

New Victorian angel investment groups receive funding

Three new angel investor networks backed by LaunchVic are set to unlock as much as $9 million in early-stage capital market over the next two years.

Minister for Innovation, Medical Research and the Digital Economy Jaala Pulford announced $900,000 in grants which will help the angel groups to establish operations in Victoria and invest in more than 40 up-and-coming local startups.

The newest networks are Cut Through Angels, Climate Angel Network and Playbook Angel Network. Each will receive grants of up to $300,000.

In the past two years, LaunchVic has funded the creation of five new angel networks that have since recruited more than 250 new investors, resulting in more than $6.7 million being invested into 36 Victorian startups.

More information about the LaunchVic angel group program is available here.

Image credit: iStock.com/putilich

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