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  "markdown": "Venture firm.\n\nWebsite: https://www.airtree.vc\n\n## Companies on Anchor Terminal\n\n- **Airwallex**, Series F, May 2025, through Airtree, valued at $11B as announced (the source doesn't say pre- or post-money), Series H, June 2026\n  - [Airwallex Spend and Issuing](https://www.anchorterminal.com/tools/airwallex.md), graded B, 68.3/100\n  - Source: https://www.airwallex.com/global/newsroom/airwallex-raises-usd300-million-at-a-usd6-2-billion-valuation-to-build-the-future-of-global-banking\n- **Canva**, $200M round, September 2021, valued at $40B as announced (the source doesn't say pre- or post-money), $200M round, September 2021\n  - [Canva REST APIs + MCP](https://www.anchorterminal.com/tools/canva.md), graded B, 65.3/100\n  - Source: https://techcrunch.com/2021/09/14/canva-raises-200-million-at-a-40-billion-valuation/\n- **Employment Hero Pty Ltd**, Series D, March 2021, $181M AUD round, February 2022, Series F, October 2023\n  - [Employment Hero Payroll](https://www.anchorterminal.com/tools/employment-hero.md), graded D, 50.6/100\n  - Source: https://employmenthero.com/uk/blog/employment-hero-raises-45-million-to-further-mission/\n\n## Where they invest\n\n- Spend management \u0026 procurement, 1\n- Programmatic asset production, 1\n- Payroll infrastructure, 1\n\n## Founders they backed\n\n- [Jack Zhang](https://www.anchorterminal.com/people/jack-zhang/), Airwallex\n- [Lucy Yueting Liu](https://www.anchorterminal.com/people/lucy-yueting-liu/), Airwallex\n- [Jacob Dai](https://www.anchorterminal.com/people/jacob-dai/), Airwallex\n- [Max Li](https://www.anchorterminal.com/people/max-li/), Airwallex\n- [Ki Lok Wong](https://www.anchorterminal.com/people/ki-lok-wong/), Airwallex\n- [Ben Thompson](https://www.anchorterminal.com/people/ben-thompson/), Employment Hero Pty Ltd\n- [Dave Tong](https://www.anchorterminal.com/people/dave-tong/), Employment Hero Pty Ltd\n\n## Questions\n\n### Which AI tools has AirTree Ventures invested in?\n\nAnchor Terminal lists Airwallex, Canva and Employment Hero Pty Ltd backed by AirTree Ventures.\n\n### How are AirTree Ventures's companies graded?\n\nOn Anchor Terminal's benchmark, Airwallex Spend and Issuing (B, 68.3), Canva REST APIs + MCP (B, 65.3) and Employment Hero Payroll (D, 50.6).\n\nInvestors are named from the companies' own announcements, the investors' own pages, Y Combinator's company pages, public filings and news reports of a round, each with its source. An investor isn't a sign of quality, and nobody can pay to be listed or to change a grade. To correct something or have a page removed, write to privacy@anchorterminal.com.\n",
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