Ex-QIC private equity principal backs new R&D funding entrant
Summary
Former QIC private equity principal Phil Cummins and Employment Hero director Adrian Bunter have thrown their support behind Advanced, a newly formed R & D shop thats financing Aussie biotech and deeptech start-ups.The Sunshine Coast-based firm, founded by accountant Alex Knight in 2024, has raised just north of $27 million, made up of $25 million in debt and $2.3 million in equity.
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