Beaten Zone Venture Partners Launches Fund I for Defence Companies
Beaten Zone Venture Partners has initiated its first capital call for Fund I, aimed at supporting Defence companies struggling to secure funding due to ESG concerns. Founder Steve Baxter noted strong investor interest, affirming the need for specialized venture capital in Defence technology. Over $10 million has been raised, qualifying Fund I for ESVCLP status, with a target of $60 million within 18 months. This capital will enable investment in strategic technologies that bolster Australia’s sovereignty, allowing companies to expand their innovations globally.