Vintage Year
Committed Capital
# Core Investments
Called (%)
Net TVPI
Net IRR
2013
$29M
20
96.0%
32.64x
55.2%
2015
$193M
32
97.3%
10.51x
40.0%
2018
$261M
35
95.1%
3.69x
31.8%
2020
$646M
62
90.7%
1.37x
12.4%
2022
$1,034M
51
37.8%
0.97x
-3.10%
*TVPI = Total Value To Paid In and is a measure of net multiple of invested capital
**IRR = Internal Rate of Return
Note: The above table and individual charts by vintage represent our discretionary funds only. Blackbird also manages a number of direct co-investment vehicles on behalf of our investors, which are not represented in the above.
Since 2012, we have backed more than 100 companies across Australia and New Zealand: 25% of those are now worth over $100M and six are worth over $1B.
At the heart of our LP base are successful tech founders surrounded by great institutions supporting millions of Australians and New Zealanders. Our LP community includes the founders of Atlassian, Aconex, Campaign Monitor, Trade Me and more.
We are building a team that is as ambitious as the companies we invest in. In the past two years we have grown from a team of 12 to a team of 70 with over 50% women representation.
Investing in Blackbird brings you into our community and the programs we run to raise the ambition of our startup ecosystem. You might mentor early-stage founders with Giants, coach our portfolio, or come along to our Sunrise festival.
Learn more about our community here.
Investing in the very first rounds of Australia’s most ambitious startups. That means right at the beginning, before revenue and product.
Same as Australian core fund, but in Aotearoa. From the beginning, pre-revenue and pre-product.
Investing in the growth stages (Series B and beyond) in the emergent generational companies of our portfolio, across Australia and New Zealand.
