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Carthona Capital establishes 3rd fund
Australian venture capital firm Carthona Capital has been advised on the first closing of Carthona Fund Three – which has so far received $100 million of the $200 million planned for the third fund.
Lauren Croft
Firm: Gilbert + Tobin (Carthona Capital)
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Deal: Gilbert + Tobin has advised Australian venture capital investment firm Carthona Capital on the establishment and first closing of Carthona Fund Three. The fund has received $100 million of a planned $200 million third fund.
Value: $200 million
Area: Finance
Key players: Corporate advisory partner Nathan Cahill led the matter for G+T, together with Thomas Daley.
Deal significance: Carthona Capital is a venture capital investment firm founded in 2014 with an increased focus on web3 companies.
Commenting on the deal, Mr Cahill said that “Carthona’s success represents an important maturation of the Australian VC market”.
“We have now seen the evolution of the industry with leading managers like AirTree and Blackbird, along with Carthona, able to identify, nurture and then fund the long-term growth of Australian talent and businesses. This has enabled Australia to retain more talent and jobs in the country,” he said.
