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DataMesh secures $30m in funding

Australian payment software provider DataMesh Group has completed a Series A funding round, which garnered $30 million.

user iconJerome Doraisamy 10 March 2023 Big Law
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Firm: G+T Ventures (DataMesh Group); Ashurst (1835i)

Deal: Australian payment software company DataMesh has completed a $30 million Series A funding round, which was led by existing investor NAB Ventures, with participation from Deutsche Bank, 1835i (ANZ’s innovations and venture capital partner), Wunala Capital, Fifth Estate and Peregrine Corporation.

Area: Venture capital


Value: $30 million

Key players: G+T Ventures head Xavier Keary led the G+T team and was supported by lawyer Mary Valtas.

The Ashurst team was led by partner Stuart Dullard, who was assisted by associates Alex Cutting and Rebecca Karpin, partner Rebecca Cope and senior associate Caroline Hogan, partner Jennie Mansfield and senior associate Mohamad Ardati, and partner Nina Fitzgerald and senior associate Lachlan Wright.

Deal significance: Mr Dullard said: “We’re proud to have advised 1835i on their investment into Data Mesh.”

Mr Keary said: “DataMesh’s proprietary Unify payment processing platform has serious potential to make a large impact on payments processing globally. The participation by Deutsche Bank, NAB Ventures and 1835i in the round is a ringing endorsement for their business model and their vision for the future.

“We want to congratulate Mark, James and the rest of the DMG team on the round, and we look forward to continuing working with them as they scale up.”

DataMesh co-founder and executive director James Garton noted: “Working with Xavier and the team at G+T Ventures to facilitate our capital raising process was an exceptional experience. We are delighted with the results, and now we’re ready to bring our Australian technology to the world. We look forward to continuing our partnership with G+T Ventures.” 

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