Adatree closes oversubscribed Seed Funding Round

Australian Consumer Data Right platform Adatree has closed their $1.2m seed funding round, which was nearly three-times oversubscribed.

Investors joining this round are Tyro Payment co-founder Peter Haig and Kerry Roxburgh, the longtime Tyro Chairman and Ramsay Health Care Director and current Chairman of Eclipx.

Private investor Equity Seed, Kylie Frazer & Rachael Neumann of Eleanor Ventures, and bank executive Angus McBean also join the share register. Mark Hutchins from Equity Seed has been appointed as a Board Director.

Adatree is led by co-founders Jill Berry and Shane Doolan, who have helped build two new fully licensed Australian banks, Tyro and Volt Bank, together. Jill was also the product lead in creating Tyro’s award-winning cash flow lending product, Tyro Business Loan.

Adatree was built as a scalable technology platform for companies to access and leverage data, all accessible through one API. Jill and Shane took their bank building experiences and extended them to the Consumer Data Right to remove the ongoing complexities of keeping up with the challenging technical requirements.

This funding will first and foremost be used to further develop that tech.

“Adatree’s platform will enable Data Recipients to not only access data, but leverage, categorise, enrich, analyse and make it actionable,” says Jill. “This is aligns to customer journeys to bring smoother and smarter use cases to life, still all through one API.”