Evergreen private investment firm Manifex has announced the opening of its second round of investment funding to help start-ups commercialise their hi-tech products.
Funding will be available to support companies that have developed technology in the advanced materials and advanced manufacturing sectors.
Manifex managing director, Iain Ralph, said its first round of investment is proving very successful and its Asian and local investors were now looking at more opportunities and ventures in which to invest.
“As an evergreen fund we have the ability to raise capital as required to support the needs of our growing portfolio of firms to facilitate the commercialisation of their technology and assist in the ongoing growth of the business,” he said.
Manifex is co-located with Scoresby-based VCAMM, which had provided critical assistance over a number of years to companies that received capital injections as part of Manifex’s first round of funding.
Two of these were Cytomatrix in Geelong and Circa Group in Coburg, which have developed world first technology in their respective fields and now benefit from Manifex’s ongoing support.
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Iain Ralph, Managing Director of Manifex
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