AirTree Ventures has closed one of the biggest venture capital funds in Australia to date, raising $700 million in capital commitments.
Firm: Gilbert + Tobin (AirTree Ventures).
Value: $700 million.
Area: Venture capital.
Key players: The G+T team was led by corporate advisory partner Deborah Johns with support from lawyer Georgia Harrison.
Deal significance: The deal, which comprises $700 million in capital commitments, is one of the biggest venture capital funds in Australia to date.
The new funding will support three vehicles targeting different styles of start-up investments – one will make seed investments, one will target follow-on investments in existing portfolio companies, and the third will focus on investments in next-generation crypto companies. The fund was backed by a suite of AirTree cornerstone investors, as well as new global unspecified investors.
AirTree is one of Australia and New Zealand’s leading VC funds offering seed through to Series B funding in the technology sector. AirTree’s portfolio includes Canva, GO1, A Cloud Guru, Employment Hero, Milkrun, Linktree, Mr Yum, and Immutable.
Commenting on the deal, Ms Johns said: “We are delighted to have worked with AirTree on this record-breaking funding which highlights the continued growth in commitment of major institutional investors to Australian tech start-ups. We congratulate AirTree on achieving this milestone funding”.
Lauren is the commercial content writer within Momentum Media’s professional services suite, including Lawyers Weekly, Accountants Daily and HR Leader, focusing primarily on commercial and client content, features and ebooks. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications. Born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling.
