tower crane building bar graph with gearwheels, concept of establishing business growth
Acorn Capital announces successful raising of funds for for the Acorn Capital Expansion Platform.
Fund manager Acorn Capital announces its successful raising of $52.5 million in commitments for the Acorn Capital Expansion Platform (ACEP).
ACEP, which will undertake venture capital investments in innovative, emerging Australian companies, is targeting businesses with a sustainable competitive advantage and the potential to be leaders in their industries.
Acorn Capital Investment Director James Douglas said the success of the raising showed there was strong appetite from investors for innovative companies at the expansion stage, with investors in ACEP including leading family office groups, private investors and entrepreneurs.
“There is an enormous amount of innovation in Australia, but there is limited capital available, particularly at the expansion stage,” Mr Douglas said.
“ACEP will invest in these innovative companies and leverage Acorn Capital’s long term experience supporting emerging growth companies.” Acorn Capital CEO Robert Routley said: “Acorn Capital’s team is uniquely placed with strong expertise across all industries.
“Acorn Capital’s broad approach provides an opportunity to participate not just in new technologies but in positive economic outcomes for Australia such as employment growth and productivity.”
Acorn Capital is a pioneer in Australian emerging company investment, having invested in names including Redbubble, Telix, amaysim, Genea, Carbon Revolution, Moula Money, Cleanspace Technology, Calix, IAS Group, Aroa Biosurgery and FlareHR.
