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Powerhouse Ventures Ltd. ( (AU:PVL) ) has shared an update.
Powerhouse Ventures has entered a conditional strategic partnership with GlobalDots to support the launch of its Burleigh Ventures Critical Infrastructure Opportunities Fund, an Australian CCIV focused on critical infrastructure technologies aligned with the global data and energy megatrends. GlobalDots, a specialist in cloud performance, data security and enterprise strategy, will provide between US$1 million and US$5 million in capital alongside operational assistance in sourcing, evaluating and supporting portfolio companies, giving the fund access to a curated pipeline of vetted cloud startups, more than 500 enterprise relationships and deep technical expertise. In return for meeting agreed financial and operational milestones, GlobalDots may earn up to a 10% economic interest in the fund’s investment manager, strengthening PVL’s deal sourcing capabilities and enhancing the technological robustness and commercial readiness of its portfolio, while PVL plans to seed the new fund with compatible unlisted investments already on its balance sheet, including holdings in Southern Launch, Veriquantix and Sirius-beta Labs.
More about Powerhouse Ventures Ltd.
Powerhouse Ventures Limited is an ASX-listed investment company building a differentiated venture capital platform focused on global megatrends in data and energy, targeting critical infrastructure technologies such as AI, quantum, space and enabling materials. Through its Burleigh Ventures brand, PVL structures funds to back early-stage and growth companies developing infrastructure and capabilities that support how energy is produced and used and how data is accessed and computed, with exposure provided to shareholders via both direct holdings and managed fund vehicles.
Average Trading Volume: 130,592
Technical Sentiment Signal: Buy
Current Market Cap: A$21.53M
For detailed information about PVL stock, go to TipRanks’ Stock Analysis page.