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Carey Olsen and Langham Hall support Telstra Ventures on launch of new $350m venture fund

Carey Olsen and Langham Hall have advised venture capital firm Telstra Ventures on the successful launch and final close of Telstra Ventures Fund III (the fund) with $350 million in capital commitments.

The fund aims to expand Telstra Ventures’ diversified portfolio of technology focused companies, offering entrepreneurs access to revenue growth and accelerated global reach.

The Carey Olsen team advising on the Guernsey legal and regulatory aspects of the Fund’s establishment comprised partner David Crosland and counsel Andrew Tually. 

Langham Hall has been working with the Telstra Ventures team since their spin out in 2018 and provides fund administration services to the Fund. 

Telstra Ventures was established in 2011 as the corporate venture capital arm of Telstra, Australia’s telecommunications giant. Following its spin out from Telstra in 2018, Telstra Ventures continues to be backed by Telstra as well as other institutional investors and has offices in Silicon Valley and Australia.

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