Golden visa holders help GD1 raise $56.7m in first close, targeting $150m

What's the deal? An influx of cash from "golden visa" holders has helped venture capital firm Global From Day 1 (GD1)Dealroom has a profile for this one. Try Dealroom → raise $56.7 million at the first close of its new fund. The firm is targeting a $150 million final total.

Why now? New Zealand's overhauled golden visa scheme has drawn wealthy migrants seeking residency through investment. Some of that capital is now flowing into GD1's fund.

The signal: The raise shows how immigration-linked investment can channel fresh money into local venture capital, giving startups a wider pool of backers to tap.

Read more: nzherald.co.nz

Image credit: eGuide Travel