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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.
Jerome Doraisamy
Firm: G+T Ventures (DataMesh Group); Ashurst (1835i)
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.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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