Queensland construction industry procurement platform ProcurePro has raised $6.15 million as it looks to take on the UK market. The company’s first external round was backed by AirTree and industry expert Leigh Jasper through his VC fund Saniel Ventures.\ The capital raised from ProcurePro’s first venture round will help accelerate growth in the UK as a key… Read more »
Residential property management startup Different, has been handed to administrators, unable to attract new capital, despite being backed by Airtree and the Commonwealth Bank’s venture arm, X15. Seven-year-old Different Technologies Pty Ltd was placed in voluntary administration with KPMG on Thursday. Founded in 2017 by expat Silicon Valley entrepreneurs, Mina Radhakrishnan, a former Uber global… Read more »
Rapid grocery delivery service Milkrun tried to raise additional cash twice in 2022, despite starting the year with $75 million from Tiger Global in a Series A last January, but couldn’t attract investors amid the financial failure of its rivals. The Australian reports that the Sydney startup touted its Series B pitch deck to potential backers… Read more »
Online fraud prevention startup Darwinium has raised US$10 million (A$15.6m) in a Seed round led by local VCs Blackbird and Airtree. The US-based customer protection platform was founded by Bondi entrepreneur Alisdair Faulkner, cofounder of cybersecurity startup ThreatMetrix, which sold in 2018 for more than A$1.2 billion (US$817m). Joining him at Darwinium is former ThreatMetrix… Read more »
Airtree has followed in the footsteps of major VCs Square Peg Capital and Blackbird Ventures, cutting the valuation of its holding in tech giant Canva by 36%. The decision drags down the value of its early funds by Sydney investor by 18%. Blackbird and Square Peg had already reduced the value of their stakes in… Read more »
Australian venture capital firm AirTree is opening up its previously invitation-only angel investor program, Explorer in a bid to attract more women and others to create greater diversity in the VC investment community. The Explorer program launched in 2020 in a bid to address declining angel investment. Since then more than 100 Explorers have completed the… Read more »
Anti-fraud startup FrankieOne has raised $20 million in a series A as the regtech venture eyes international expansion. The round was led by AirTree Ventures and Greycroft, with 20VC, Westpac’s Reinventure, Tidal Ventures, APEX Capital Partners, and Mantis VC, Robinhood CEO Vlad Tenev and Monzo founder Tom Blomfield also participating. FrankieOne is financial systems aggregator… Read more »
A New Zealand workplace feedback startup has raised Nz$15 million (A$14.2m) as it looks to expand internationally. Joyous was founded in 2017 by brothers Mike and Phillip Carden. The raise was led by Square Peg, with existing investors AirTree Ventures and Icehouse Ventures returning for their third round. The investment will also be used to… Read more »
AirTree founding partner Craig Blair says the Sydney VC firm is investing in the fund’s next generation with the promotion principals Elicia McDonald and Jackie Vullinghs to partners. The duo will continue to lead early-stage investments, with the VC having a record six months, tipping $103 million into local startup in the first half of 2021.… Read more »
Melbourne-based workforce management startup Ento has closed a $5 million Series B, with its backers eyeing an ASX listing. The round was led by Perennial Value Management, with existing investor AirTree Ventures chipping in once again. The funds will be used to double the size of the current team of 40, open offices in Sydney and… Read more »
Australian e-bike venture Zoomo has raised $16 million in a fresh round just eight months after a $16 million series A. The new raise, led by AirTree Ventures as a new investor, also saw existing backers the Clean Energy Finance Corporation (CEFC), Maniv Mobility and Contrarian Ventures. Cleantech-focused US investors Winthrop Square and Wisdom VC… Read more »
AirTree Partners Craig Blair, James Cameron, Helen Norton, Daniel Petre, and John Henderson. Photo: Ryan Stuart Venture capital firm AirTree has raised a new $275 million fund to invest in early stage startups in Australia and New Zealand. It’s AirTree’s third fund, following on from 2016’s $250 million fund – backing the likes of Canva,… Read more »
Melbourne educational training startup A Cloud Guru (ACG) has raised US$33 million (A$47m) from US and local investors, including Summit Partners and Airtree Ventures, just four years after brothers Sam and Ryan Kroonenburg launched the platform. As technological disruption cuts its way through a swathe of industry sectors, the Kroonenburgs has been working with a… Read more »
Airtree Ventures has participated in a $2.5 million seed round for Singapore startup Transcelestial Technologies, joining investors including Wavemaker Partners, which led the round, and 500 Startups.
Just a few weeks on from Blackbird Ventures leading a $10 million Series A round for Sydney-founded drone mapping startup Propeller Aero, AirTree Ventures has backed US competitor DroneDeploy’s US$25 million ($34 million) Series C round. The round, which brings the total raised by the startup to date to more than $56 million ($76 million),… Read more »
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