Get investment satellite

Get Investment


Why Blackbird

We invest in companies, not rounds. That means we’ll back you all the way from when your business is just an idea, to many decades after it has become a large publicly listed corporation.

Here’s how we’ll live up to that ownership.


We’ve started and worked for startups ourselves and know what it’s like to survive the early stage rollercoaster. If we back you, we believe in you, and we believe in you from the very beginning. Our belief in you means we put our egos aside to help you in any way we can.

Your Companion in Courage

The majority of capital from our first fund came from successful technology founders, who invested their capital and time to help the next generation. Today, our portfolio of 100+ companies share advice, learnings and resources - from salary benchmarking to profit margins.

Founders Helping Founders

We invest in companies, not rounds. We invested in Canva when it was an idea, in Zoox before there was a product. 67% of our investments in 2021 were pre-revenue. We will invest from the beginning and every subsequent round.

Day 1 to Day 10,000

Our Founder Success team is here to help you reach your wildest ambition. From levelling up your leadership capabilities, to telling your story with communications support and surrounding you with knowledge and connections through our five-week Founder Academy, we’ll help you grow from founder to great CEO.

From Founder to CEO

Startups are the people they hire, and we know nearly every dollar of capital a startup raises goes to building that team. We’ll introduce you to vetted talent through our Lilypad platform and Startmate’s Fellowship programs. And we will run programs to upskill portfolio operators, and nurture your journey from founder to CEO with coaching and mentoring.  

Supercharging your team

How We Work For You

Everything we do at Blackbird is built around being useful to founders. Money is part of that, but so is hiring, leadership, product and customers. We want to have a system-wide impact and that starts by helping our portfolio succeed.

Drag Me!

Our whole team works for you, not just your lead investor. From specialist advice to 1:1 support and introductions, you can count on any Blackbird to lend a hand on your journey.

1:1 and 1:many

We create products to get thousands more people to find their way into startups. 

From connecting you to board advisors to finding your next executive hire, we combine our ecosystem programs and 1:1 support to bring the best people into your orbit.

Helping you build your team

Our community of founders come together with special programs, events and content. Get advice from the group in real-time, spend quality time together at our Founder Retreat, and join special programming tackling your thorniest questions.

A flock of founders

Our Investment Process

We move fast - typically between a couple of days to a couple of weeks from first conversation to term sheet. We work for our founders’ timelines and every time we make an investment it’s slightly different, but this is generally what happens in that time.

First Contact

A purple and pink bird vision rocket taking off

You might be introduced to us directly, or you share your initial pitch deck directly with us here - no warm intro required! Either way, we’ll take a look at your deck and let you know what we thought within a week.

Tip: Not sure what an initial pitch deck should include? Here’s an example from Nick.

An Initial Conversation

A purple and pink bird vision river water flowing

If we’d like to hear more, one of our investment team members who is most passionate about what you’re doing will get in touch. The conversation is always friendly, but you should expect you'll be challenged on a few things, usually related to what we look for in founders. This is your chance to interview Blackbird as well. Ask any questions you have - don’t be shy about pushing us either!

We move forward

A purple and pink bird vision cityscape

Whether we are keen to move forward or not, the investor you met will be in touch with you pretty quickly. We will dive deeper into your vision, metrics, team and how you plan to use the capital you are raising. This is when our version of due diligence starts, to help us prepare to share your business or idea with our Investment Committee.

Tip: Not sure what this longer pitch deck should include? Sam has a handy guide here. 


A purple and pink bird vision trickle of water

Once ready, we will pitch your business or idea to our Investment Committee on your behalf. The Committee comes prepared with context and key information explaining why we believe so much in you and why we think your startup will become a generational company. This is the chance for our Investment Committee to give feedback, ask critical questions and provide input before approval.

Tip: You’ll pitch virtually as our investment team is split across Australia and New Zealand. The session usually includes an introduction to everyone, your pitch presentation of your company deck, and some questions from the Investment Team.

We give you feedback

A purple and pink bird vision submarine

You will hear immediately from us after pitch with feedback from the Investment Committee. This may be a ‘no’, ‘yes’ or a request for more info to help us make a final decision. If we are not going to invest, we want to tell you no quickly and also tell you the key reasons that contributed to our choice. If we are looking to invest, we will work with you to answer any Investment Committee questions and address their feedback before approval.

Tip: The best fundraisers often create a ‘data room’ so that investors can preemptively answer key questions about your business - LegalVision have a good explainer here.

Approval & term sheet time

A purple and pink bird vision rocky cliff face

Once pitch questions are answered, we will seek Investment Committee approval.
If it’s a ‘yes’, congratulations! We will work on a term sheet for you - we work from standard docs as much as we can to make it quick for you and minimise pain, time and lawyers in the future. If you accept the term sheet, we move forward with the information we need to wire the money.
Once this is complete, you’ll receive a money transfer soon after with the agreed capital. We can also introduce you to like-minded investors locally and around the world if it’s something you need.

Welcome to the community!

A purple and pink bird vision mushroom cluster

Once the docs are done we begin onboarding you and your team into our Blackbird community and the magic really starts happening. You’ll meet other founders, get support from our Founder Success team on common startup challenges, and be invited to take part in our Founder Academy, an 8-week program to help you build your business and learn alongside other Blackbird founders.

Generational Ownership

We first invested $250k in Canva when it was an idea in the heads of Mel, Cliff and Cam. We have invested $270M since. We are similarly the largest investor shareholders in prospective generational companies like Culture Amp, Propeller, Dovetail, Baraja and Eucalyptus.

Portfolio Company

Financing Round Participation

Blackbird Ownership

Seed 2012 Funds

Series A 2012/2015 Funds

2015 Funds

2018 Funds

Investment 2015/2018 Funds

Series A3-A4 2018 Funds

SeriesA5 2020 Funds

Investment 2020 Funds

Rick and niki watching mel perkins present canva to a small room
3 (Mel, Cliff and Cam)
First Blackbird Investment
8 Rounds later
A crowd of people from the canva team on a street
Total Blackbird Investment

Seed 2012 Funds

Series A 2012 Funds

Series B 2015 Funds

Series C 2015 Funds

Series C 2018/2020 Funds

Secondary 2020 Funds

Series C2 2020 Funds

A carport set up to be a small office
First Blackbird Investment
7 Rounds later
A large team of people sitting together on a grassy oval
Total Blackbird Investment

*Includes co-investment

Series A 2012 Fund

Series B 2012/2015 F

Series C 2015 Funds

Series D 2018 Funds

Secondary 2018 Funds

Series E 2018 Funds

Series F 2020 Funds

Four men who are the founders of culture amp sitting together
First Blackbird Investment
7 Rounds later
A large group of people in culture amp t-shirts standing together
Total Blackbird Investment

*Includes co-investment

Seed 2012 Fund

Series A 2012/2018 Funds

Series B 2020 Funds

Secondary 2020 Funds

Four men who are the founding team at propeller sitting at desks
First Blackbird Investment
4 Rounds later
A large group of propeller team members in active wear
Total Blackbird Investment

Seed 2018 Funds

Seed extension 2018 Funds

Series A 2018 Funds

Series B 2020 Funds

Three men at a messy desk when eucalyptus was founded
First Blackbird Investment
4 Rounds later
A crowded room of people at a bar celebrating eucalyptus today
Total Blackbird Investment

Seed 2015 Funds

Seed extension 2018 Funds

Series A 2015 Funds

Secondary 2018 Funds

Series A extension 2018 Funds

Series B 2020 Funds

Federico Collarte and Cibby Pulikkaseril sitting in a garage with laptops
First Blackbird Investment
6 Rounds later
A large group of people standing in the Baraja office
Total Blackbird Investment

Series A 2015 Funds

Series B 2018 Funds

Series C 2020 Funds

Adam Gilmour standing next to a small rocket model
First Blackbird Investment
3 Rounds later
A large group of gilmour space technologies employees
Total Blackbird Investment

Ranking Our Process

For every founder we meet and say no to, we send them an NPS survey ranking us on a score of 1 to 10 on how likely they would be to recommend Blackbird to other founders. The possible scores range from -100 to +100.

Here’s how we have scored over the past 12 months:


What is your process for making investments?

We've covered that above, but keep an eye out for a blog on this soon.

What will I need to provide for due diligence?

We love to see how your team is thinking about the product roadmap, a financial model that underpins your strategy and a cap table with any existing investors, as well as evidence from your customers, previous investors and other stakeholders.

How can I get in touch with Blackbird?

For investment? Share your vision here and we’ll let you know what we think within a week. For everything else, you can contact us. 

You can also get involved with our community - you might get mentoring from our Giants program, attend our Sunrise festival or join Startmate’s next accelerator.

What industries or areas will you invest in?

We pride ourselves on not being rigid investors. The very definition of novel is "not like anything before". We get excited when something doesn't easily fit a category or seems strange. We are guided by our founders' ambition, not just a top down investment thesis.

We invest broadly from software to space and have invested repeatedly in deep tech areas. Our current portfolio spans enterprise and healthcare software, consumer, medical devices, autonomous robotics, AI infrastructure, clean energy systems and quantum technologies. We also update our investment thesis with every fund - read our current thesis here as well as previous ones.

What happens in the investment pitch meeting?

Your pitch happens in the first few meetings you have with our investment team. In these meetings, we will be excited, curious and ready to learn from you! Our team will be ready to deep dive into your pitch deck, as well as ask some questions about your vision, goals & the future you see for your company. 

The lead investor will then prepare a writeup that includes why they believe your startup will become a generational company - ready for them to pitch you and your company to our investment committee.

What do you look for in a founding team?

How convenient - we recently wrote a blog on the qualities we look for in founding teams! Read it here.

I am pre-product and pre-revenue. Will you invest?

We love to invest pre-product and pre-revenue and most of our first cheque investments fit this bill (pun intended).

I’m raising a later round. Will you invest?

We prefer to make our first investment into a company at the pre-seed, seed or Series A round, but we will invest in later rounds too.

Do you invest in companies located outside of Australia or New Zealand?

We invest in founders that have a strong connection to Australia or New Zealand. Maybe you’re based here? Perhaps you lived in New Zealand for a certain time? Maybe one of your co-founders is Australian?

Whether you are geographically placed in Australia or New Zealand is far less important to us.

We invest in Australians and New Zealanders because everything we have done at Blackbird has been about building a community of founders here that give us a chance to meet tomorrow’s great founders.

At what stage do you invest?

Our goal is to invest hundreds of thousands of dollars right at the beginning of a company’s life before there is product or revenue, earn a courtside seat to the best companies by building a great relationship with them and then invest hundreds of millions over their lifetimes.

We have invested as little as $30,000 in a seed and in some cases $5M in a Series A.

Do you have a set of standard terms?

Every deal is different, but we prefer to draw as much as possible from the Australian Investment Council Open Source Funding docs. We prefer clean industry standard terms.

Get Investment

Go on, tell us about your wild idea
Get Investment
Pink and purple bird vision mountains in the desert