NRMA backs VC’s $50 million agritech fund

Quick Summary

Motoring association the NRMA is a cornerstone investor in a new agrifood tech fund backing startups focused feeding the world.

The sustainability-focused agriculture and food technology venture fund Mandalay Fund I by Mandalay Venture Partners now has more than $21 million in commitments towards its first close, with an ultimate target of $50 million.NOVONIX co-founder...

Mark Gustowski, Philippe Ceulen and Timothy Hui managed external startup investments for the Queensland University of Technology before joining forces with Fullerton to establish Mandalay.

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Article Details

Author / Journalist: Simon Thomsen

Category: Startups

Topics: Venture Capital NRMA

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-19, 22:32:42

News Timezone: GMT +10:00

News Source URL: startupdaily.net

Language: English

Reading Time: 3 minutes read

Article Length: 364 words

Coverage Area: Australia

Availability: Desktop Web, Mobile Web

News ID: 1623

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