Temasek, Morgan Stanley join US$294mil fund

The firm raised the funds from Daiwa Securities Group, Grantham Foundation, LGT Crestone and NGS Super, alongside existing backers, including Morgan Stanley and Temasek. — Reuters

SYDNEY: Main Sequence, the venture capital firm founded by Australia’s national science agency, raises A$435mil (US$294mil or RM1.34bil) from global investors for a third fund to drive investment in deep technology seen crucial to the country’s national interests.

The firm raised the funds from Daiwa Securities Group, the Grantham Foundation, LGT Crestone and NGS Super, alongside existing backers, including Morgan Stanley Wealth Management and Temasek Holdings Pte, according to a statement yesterday.