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AirTree draws in $700m in capital investments
AirTree Ventures has closed one of the biggest venture capital funds in Australia to date, raising $700 million in capital commitments.
Lauren Croft
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 Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
