Thiel, Sequoia seek Down Under VC investments

A plethora of US venture capital funds are on the hunt for Australian and NZ technology firms to invest in.

Peter Thiel, Accel Partners, Spectrum Equity, Technology Crossover Ventures and Sequoia Capital are seeking to make investments of as much as $50 million apiece in Australian and New Zealand internet and software companies, spurred on by the success of the initial public offering of OzForex and the rise in the share price of Xero.

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