Department of State Development

05 Mar 2020 Investment

Artesian (Alternative Investments) has been appointed as the new venture capital fund manager to oversee investments of the $50 million SA Venture Capital Fund (SAVCF).

Artesian is one of Australia’s most active venture capital fund managers with $400 million in funds currently under management across a range of sectors including agriculture and future food, clean energy, health and medtech, robotics, artificial intelligence and the internet of things.

The $50 million South Australian Venture Capital Fund is available to help build dynamic and innovative early-stage South Australian companies to accelerate their growth to a national and global scale.

In the past two and a half years, the SAVCF has invested $6.2 million into three companies (Myriota Pty Ltd, Kid Sense Child Development Inc and Fivecast Pty Ltd) leveraging a further $18.9 million in private sector capital.