About AirTree
AirTree is a venture capital firm founded in 1990. It is primarily based out of Surry Hills, Australia. As of May 2025, AirTree is an active investor, having invested in 121 companies, with 7 new investments in the last 12 months. It primarily invests in Series A round in Australia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it led the $4.51M Series A round of Gridsight along with Aera VC. This round also saw participation from Energy Transition Ventures and other investors.
Overall, AirTree portfolio has seen 6 unicorns, 4 IPOs and 20 acquisitions including key companies like eBay, Wayfair and Go1. A lot of funds co-invest with AirTree, with names like Blackbird Ventures sharing a substantial percentage of its portfolio.
AirTree has team of 84 people including 13 partners.
Key Metrics
Team Members
, Craig Blair &
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A &
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
AirTree's List of Top Investments
AirTree has a portfolio of 121 companies, including 6 unicorns. Their most notable investments are in Brighte and ProcurePro.Their portfolio spans across Australia, United States, New ZealandÌý²¹²Ô»å 7 more locations. They have invested in Enterprise Applications, High Tech, ConsumerÌý²¹²Ô»å 31 other sectors, across stages such as Seed, Series A Ìý²¹²Ô»å 5 more. Here is the list of top investments by AirTree:1. Canva
Online platform for creating graphic images. It allows professionals to edit images for presentations, invitations, posters, flyers, business cards, and more. The platform offers pre-designed templates and effects. It also provides a stock library of photographs, illustrations, and imagery. Users can add text, photo enhancers, blur, vignettes, grids, icons, frames, stickers, badges, texture, and others. The application is available for Android and iOS users.
Key facts about Canva
- Founded Year: 2012
- Location: Surry Hills (Australia)
- Annual Revenue: 394M AUD as on Dec 31, 2020
- Valuation: $49B as on Oct 31, 2024
- Stage: Series F
- Total Funding till date: $589M
- Employee Count: 1 as on Dec 31, 2024
- Investors: InterWest Partners, T. Rowe Price and 50 Others
- Latest Funding Round: Series F, May 01, 2024, $8M
- Highlight: Editors' Pick
2. eBay
Online marketplace offering multi-category consumer products. The product catalog includes fashion, beauty, electronics, stationery, pet supplies, groceries, baby care supplies, and more. The platform also allows businesses to sell products. The mobile application is available for Android and iOS devices.
Key facts about eBay
- Founded Year: 1995
- Location: San Jose (United States)
- Stage: Acquired
- Employee Count: 12,300 as on Dec 31, 2023
- Investors: Elliott Management, Benchmark and 7 Others
- Latest Funding Round: Post IPO, Apr 29, 2013, $6.7M
- Highlight: Acquired
3. Wayfair
Online retailer of multi-category home improvement products. The product catalog includes furniture, rugs, wall decor, kitchen supplies, lighting products, home appliances, textiles, bathroom fittings, cabinets, and more.
Key facts about Wayfair
- Founded Year: 2002
- Location: Boston (United States)
- Annual Revenue: $12B as on Dec 31, 2023
- Stage: Public
- Total Funding till date: $358M
- Employee Count: 13,500 as on Dec 31, 2024
- Investors: HarbourVest Partners, T. Rowe Price and 7 Others
- Latest Funding Round: Post IPO, Sep 11, 2017, $300M
- Highlight: Public
4. Go1
Cloud-based LMS platform for multi-industry. The product allows employers to manage the training portal and works on an aggregation model that enables users to add courses from the marketplace, create a new course with the company materials, or upload existing content. The platform provides solutions for government, enterprises, and content creators.
Key facts about Go1
- Founded Year: 1998
- Location: Brisbane (Australia)
- Annual Revenue: 39.4M AUD as on Jun 30, 2021
- Valuation: $3B as on May 09, 2023
- Stage: Series D
- Total Funding till date: $430M
- Investors: SoftBank Vision Fund, Tiger Global Management and 33 Others
- Latest Funding Round: Series D, May 09, 2023, $30M
- Highlight: Editors' Pick
Workplace safety management solutions for businesses. It enables users to digitise and enhance many operational areas by giving tools for inspections, audits, and checklists. The platform enables the digitization of processes, procedures, and rules, resulting in time and paper savings through data capture and report sharing. It also assists organisations in identifying, evaluating, and mitigating risks, optimising processes, and managing quality, safety, and compliance through the digitization of operations and the provision of inspection, audit, and checklist tools, among other things. It allows you to create mobile forms, conduct inspections, report and resolve issues, manage assets, and educate personnel.
Key facts about SafetyCulture
- Founded Year: 2004
- Location: Surry Hills (Australia)
- Annual Revenue: 161M AUD as on Jun 30, 2024
- Valuation: $2.5B as on Sep 09, 2024
- Stage: Series D
- Total Funding till date: $358M
- Investors: TDM Growth Partners, Index Ventures and 41 Others
- Latest Funding Round: Series D, Sep 09, 2024, $110M
- Highlight: Editors' Pick
AirTree's Year-on-Year Investment Trends
AirTree has invested in 121 companies over the last 28 years, with an average of 8 new investments annually in the last 10 years. In 2024, it made 8 investments, while as of May 2025, it has made 4 investments in this year. Its most recent first time investment was in Airwallex and most recent follow-on round was in .
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 4 | 0 | 4 |
2024 | 5 | 3 | 8 |
2023 | 11 | 3 | 14 |
2022 | 9 | 11 | 20 |
2021 | 14 | 15 | 29 |
2020 | 5 | 6 | 11 |
2019 | 2 | 9 | 11 |
2018 | 9 | 2 | 11 |
2017 | 12 | 5 | 17 |
2016 | 8 | 1 | 9 |
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AirTree's Investments by Stage
AirTree has made 41 investments in Seed stage with an average round size of $4.46M, 37 investments in Series A stage with an average round size of $10.3M and 11 investments in Series B stage with an average round size of $27.6M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Seed | 41 |
Series A | 37 |
Series B | 11 |
Series D | 3 |
Unattributed | 3 |
Others | 3 |
AirTree's Investments by Sector
AirTree has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, High Tech and Vertical SaaS. Notably, it has invested in 109 Tech companies, 87 Enterprise (B2B) companies, 68 Software companies and at least 46 companies focusing on Consumer (B2C).
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 56 |
Consumer | 21 |
FinTech | 19 |
High Tech | 19 |
Vertical SaaS | 18 |
Others | 106 |
AirTree's Investments by Geography
AirTree has made most investments in Australia (67), followed by United States where it has made 17 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
Australia | 67 |
United States | 17 |
Singapore | 5 |
New Zealand | 4 |
Canada | 1 |
Others | 3 |
AirTree's recent investments
Here are the most recent investments by AirTree:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 21, 2025 | Singapore | Series F | $150M | Square Peg Ventures [+5] | |
Apr 08, 2025 | Australia | Series A | $4.51M | ||
Mar 09, 2025 | Australia | Seed | $3M | First Row Partners [+2] | |
Jan 15, 2025 | Australia | Seed | $12M | [+1] | |
Dec 16, 2024 | Australia | Series A | $14M | - |
Get the detailed list of all investments by AirTree. Download now!Unicorns in AirTree's Portfolio
Here is a list of unicorns in AirTree's portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Provider of end to end HR, payroll and benefits management platform | 2014 | Sydney | Series F | pw{zgqo | ||
75 | Link in bio tool for creators and businesses | 2016 | Melbourne | Series B | mkuzwya | ||
68 | Blockchain-based infrastructure for NFT games and applications | 2018 | Surry Hills | Series D | lfetpnj | ||
79 | Cloud-based LMS platform for multi-industry | 1998 | Brisbane | Series D | kmapmny | ||
78 | Workplace safety management solutions for businesses | 2004 | Surry Hills | Series D | {qfebmx |
IPOs and Publicly Listed companies in AirTree's Portfolio
Here are AirTree's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 05, 2021 | - | - | - | |
Jun 11, 2019 | Sep 04, 2015 | Series B | $60M | |
Nov 14, 1997 | 2008 | Series A | Undisclosed | |
Sep 25, 1987 | 1999 | Series A | Undisclosed |
Acquired companies in AirTree's Portfolio
Here are AirTree's portfolio companies that got acquired most recently:
Team profile of AirTree
AirTree has a team of 84 membersÌýincluding 13 Partners, 5 Venture Partners and 34 PrincipalsÌýlocated in Australia, United States and . AirTree's team does not sit on the board of any company as of now.Here is a list of top team members in AirTree:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Los Angeles | - | - | |
Partner | Sydney | - | ||
Partner | Sydney | - | - | |
Partner | Sydney | |||
Partner | Sydney | - | - | |
Partner | Sydney | - | ||
Partner | Sydney | - | ||
Partner | Sydney | - | - | |
Partner | San Francisco | - | ||
Partner | Sydney | - | ||
Partner | Sydney | - | - |
Get the full list of AirTree's team & partners for free. Download now!Co-investors of AirTree
Over the past 28 years, 580 investors have co-invested in AirTree's portfolio companies.
- Invested before AirTree:ÌýBlackbird Ventures, Square Peg Ventures and 142 others have invested in rounds before AirTree. There are 7 companies where Blackbird Ventures has invested before AirTree and 3 companies where Square Peg Ventures has invested before AirTree.
- Top Co-investors of AirTree:Ìý202 investors entered a company along with AirTree. These include investors like Blackbird Ventures (6 companies).
- Invested after AirTree:ÌýA total of 234 investors have invested in AirTree's portfolio after their investments. Top Investors include Skip Capital (5 companies), Salesforce Ventures (5 companies) and Insight Partners (3 companies).
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