G+T Ventures, Gilbert + Tobin’s Ventures practice, has advised Australian payment software company DataMesh Group on its A$30 million Series A funding round. The raise 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.
DataMesh is a full-suite developer of interoperable, proprietary payments-processing technology for banks and retailers alike. The technology has seen significant interest and deployment from leading local and global banks – including participants of this funding round. Deutsche Bank has announced that it is deploying its online payment acceptance technology in India, South Korea, Thailand, Indonesia and Vietnam.
Lawyer and Head of G+T Ventures Xavier Keary advised DataMesh on all aspects of the raise, with assistance from lawyer Mary Valtas. “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.” Xavier said, “We want to congratulate Mark, James and the rest of the DMG team on the round and we look forward to continue working with them as they scale up.”
"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," said Co-Founder and Executive Director of DataMesh, James Garton.