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Newcastle Herald
Newcastle Herald
Business
Penelope Green

'First of its kind' Hunter fund chasing $20m in six months

Melt Ventures founders Trent Bagnall and Steph Hinds in Newcastle on Monday. Picture Max Mason-Hubers

A HUNTER-driven advanced manufacturing venture fund touted as the first of its kind in Australia is poised to invest in a swag of local startups as it chases a goal of raising $20 million by mid-2023.

With a "hardware is the new software" mantra and a goal that half of its investees are in the clean-tech space with positive environmental solutions, Melt Ventures is believed to have already raised $10 million in an initial funding round.

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