Forrest’s Minderoo joins bevy of founders backing VC’s second fund

Australia’s only secondary venture capital fund SecondQuarter Ventures has raised $83 million for a second fund, bringing on high-profile backers including Andrew Forrest’s Minderoo Foundation, Craig Burton’s Verona Capital and 99designs co-founder Mark Harbottle.

The raising comes less than two years since launching its first $51 million fund, and follows a surge in demand from founders and investors driven by the tech market correction.