Powerhouse Ventures Establishes New Unit Powerhouse Venture Partners
MT Newswires Live
Yesterday
Powerhouse Ventures (ASX:PVL) established Powerhouse Venture Partners as a stand-alone operating unit and its third client-facing business unit, according to a Thursday Australian bourse filing.
The new unit will be a business-building division seeking to industrialize critical technologies. It will also seek to arrange private capital for technology companies through a new class of later-stage venture investment product.
It entered into a collaboration agreement with strategic management firm Noosa Partners, and Michael Datta, the founding director of Noosa Partners, will join the unit as strategic growth partner.
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