Bird vision canyonBird vision canyon
We
invest
in
wild
hearts
with
the
wildest
ideas,
right
from
the
very
beginning.

Invest with Blackbird

We
do
this
by
raising
funds,
investing
in
the
best
startup
companies
and
helping
them
succeed.

Generational Owners of Generational Companies

Since 2012, we have backed more than 100 companies across Australia and New Zealand. 27% of those are now worth over $100M and five are worth over $1B. As of Dec 2023 The net IRR of every dollar invested in Blackbird funds is 38%.

We update this page annually: Data is at 31 Dec 2023; all in AUD

*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.

Joining the Blackbird Flock

Now the world's best companies are founded outside of Silicon Valley, the world's best venture firms are too. Our portfolio is worth over $7B, including some of the most successful Aussie and Kiwi-founded startups such as Canva, Zoox, SafetyCulture and Culture Amp. But the numbers only tell part of the story. Here’s what makes us different.

01

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.

Top Quartile Returns
02

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.

Founder-Powered Flywheel
03

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.

A startup, not a traditional VC firm
04

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.

A community for life
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About Our Funds

To build generational ownership, we invest through three different fund vehicles:

Drag Me!
01

Investing in the very first rounds of Australia’s most ambitious startups. That means right at the beginning, before revenue and product.

Australian Core Fund
02

Same as Australian core fund, but in Aotearoa. From the beginning, pre-revenue and pre-product.

New Zealand Core Fund
03

Investing in the growth stages (Series B and beyond) in the emergent generational companies of our portfolio, across Australia and New Zealand.

Follow-On Fund

Existing Investor Login

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