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Derek Gerrard (left) and Terry Agnew.

RAC launches $3m seed fund

Startup businesses in Perth have access to a new source of funding after the Royal Automobile Club of WA launched a $3 million investment fund last night, while also disclosing it is a substantial shareholder in fast growing blockchain business Power Ledger.

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WA Revenue

2nd↑HBF$1.72bn
3rd↓St John of God Health Care$1.69bn
4th-RAC$683.1m
5th-Geraldton Fishermen's Co-operative$303.2m
6th↓WAMMCO$380.0m
57 not for profit businesses ranked by WA revenue most recent financial year

Number of Employees

Not For Profit Businesses

6thAmana Living1,634
7thJuniper1,612
8thRAC1,458
9thBaptistcare1,200
10thCBH Group1,100

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