More Australian Venture Firms: Bring It On

Ben Woodhead over at The Australian has reported that Gramercy Venture Advisors is in the process of raising a $100 million “private equity fund”.

According to Silvio Salom, Gramercy’s executive chairman, they anticipate getting the fund together by mid 2007. It’s also worth noting that they expect strong opportunities in the new media space and they will be targeting Australian businesses seeking to break into the US market.

This is great news for Australian entrepreneurs. We should also see other funds emerging that are catalysed by AusIndustry’s Innovation Investment Fund initiative.