AirTree Ventures

Daniel Petre and Craig Blair to launch $50m tech investment fund

Serial technology investor and former Microsoft executive Daniel Petre is preparing to launch a $50 million technology investment fund, joining the grow­ing ranks of investors looking to fill the multimillion-dollar gap in venture capital.

Petre, once the right-hand man of Bill Gates, is understood to be working with zeebox chief executive and former Expedia Australia managing director Craig Blair to raise the funds from family and individual investors not normally associated with the technology sector. The money would be used to invest between $2 million and $5 million in local businesses with proven revenues and business models.

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