Sydney-based venture capital firm Airtree Ventures has successfully raised $650 million for two new funds aimed at investing in technology start-ups. The capital influx includes contributions from new institutional investors in the United States and three Australian superannuation funds. In a letter to existing investors, Airtree announced the closing of its fifth fund, which will be divided into two vehicles: Core Fund V and Opportunity Fund V. This move highlights Airtree’s ongoing commitment to supporting innovative technology ventures in the evolving market landscape.