AirTree Ventures raises A$275m

The Australian investment firm closes its third venture capital fund.

AirTree Ventures has closed AirTree Ventures Fund III at A$275 million ($188.2 million; €169.1 million). The firm previously raised $250 million for its 2016-vintage Fund II and $60 million for its 2014-vintage Fund I.

The fund targets TMT startups in Australia and New Zealand.