It already has its cornerstone investor locked away, with the Australian government once again supporting the fund, tipping in $150 million via its Economic Accelerator program.
It has a strong group of repeat investors in its first two funds, including Horizons Ventures, Hostplus and Temasek, so we wouldn’t be surprised to see these names pop up again.
But, the tech market has shifted substantially since Main Sequence closed its second $250 million fund in April last year, so it will be a test of investor appetite.
It’s also not the only fund on the circuit at the moment – Blackbird Ventures and Square Peg Capital are yet to announce the closure of their mega funds.