Gilbert + Tobin has advised leading tech VC fund AirTree Ventures on the formation and closing of one of the biggest venture capital funds in Australia to date, comprising $700 million in capital commitments. 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 and Employment Hero, Milkrun, Linktree, Mr Yum and Immutable.

The G+T team was led by Corporate Advisory Partner Deborah Johns with support from lawyer Georgia Harrison.

Deborah 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”.

Gilbert + Tobin’s market-leading Venture Capital team acts for many of the highest-profile venture capital funds in the market, including 1835i, Blackbird Ventures, Black Nova, Brandon Capital, Five V, Jelix, OneVentures, Rampersand, Square Peg Capital, Startmate, Telstra Ventures, Ten13, Tenacious Ventures and many more, as well as overseas funds and corporate venture clients investing into Australia.