Ledger. Australian venture funding, tracked

General Partner, AirTree Ventures

Kell Reilly

Coverage

Stories naming Kell Reilly. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Fund close $650m

Airtree's Fund V: $650m to back Aussie and Kiwi founders from idea to global household name

AirTree closes its $650m Fund V across seed and growth vehicles, backed mostly by international institutional capital, and promotes three early-career investors to Principal.

2 deals

Airtree Ventures closes $650M fund with international backing, fueling ANZ startup growth

Sydney venture firm Airtree has completed the close of its fifth fund at $650 million, drawing backing from US institutional investors and Australian superannuation funds, with allocations set for early and growth stages.

17 deals

2025 state of raising: $1.8 billion in – as late-stage deals boom

Tracxn figures show Australian tech funding reached $1.8 billion by mid-2025, powered by large late-stage rounds at Protecht, Airwallex, Harrison AI and Advancell, while seed and early-stage raising fell away sharply.

Unnamed stage $75m

New $165 million round for SafetyCulture in “tough environment” for fresh funding

SafetyCulture secured $75 million of fresh capital plus $90 million from existing shareholders selling shares, valuing the operations software company at $2.5 billion. Airtree, Blackbird, Morpheus Ventures, Hostplus and HESTA joined the round.

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