Telstra's corporate venturing unit has secured $50m for a fund that will function as a companion to the second fund it began raising last year.

Telstra Ventures, Australia-based telecommunications firm Telstra’s corporate venturing unit, has raised $50m for a sidecar fund, according to a regulatory filing on Wednesday. The fund, dubbed Telstra Ventures Fund II Sidecar, has three investors including a commitment from a general partner that would be Telstra itself. The corporate has not dislcosed details of the vehicle…

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