Local venture capital outfit Our Innovation Fund has hired former Amazon Web Services Australia and New Zealand boss Paul Migliorini as a partner as it revealed it has banked $80 million for a new fund, bringing its total assets under management to $155 million.
The VC fund has flown under the radar compared to big names like Square Peg, Blackbird and Airtree, but has amassed a portfolio of successful investments in the likes of education tech start-up Go1, cyber security company Kasada, artificial intelligence navigation and robotics business Advanced Navigation and open source-as-a-service company Instaclustr.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
