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Tech innovation fund launched

Tech innovation fund launched

Fadi Khoury

A global firm has advised Start Mesh Group on its establishment of a venture capital investment fund for tech start-ups.

Firms: Norton Rose Fulbright (Start Mesh Group)

Deal: Start Mesh Group has launched an early-stage venture capital limited partnership.

Value: $20 million target fundraising

Area: Banking and finance

Key players: The Norton Rose Fulbright team was headed up by partner Fadi C Khoury, who is based in the Sydney office.

Deal significance: The fund established by Start Mesh Group will invest in early-stage investments, with a focus on consumer profiling and insights; crowd services enablement; asset sharing and utilisation; health, fitness, education and safety; and digital privacy and security, according to a statement from Norton Rose Fulbright.

In particular, the fund is seeking opportunities with start-ups "consumer profiling and insights; crowd services enablement; asset sharing and utilisation; health, fitness, education and safety; and digital privacy and security", the statement said.

According to lead partner Mr Khoury, the fund is seeking to tap into growing interest around technology and innovation investments.

"Investors may also benefit from enhancements to regulatory and tax reforms flagged by Prime Minister Malcolm Turnbull’s Innovation Statement and recently legislated in Parliament," he said.

Start Mesh Group was founded in 2014 by three co-founders, Richard Webb, Paul Devereux and Matt Youill.

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