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.

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