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 the below data annually: Data is at 30 June 2024; all in AUD

Vintage Year

Committed Capital

# Core Investments

Called (%)

Net TVPI

Net IRR

2013

$29M

20

96.0%

34.52x

50.9%

2015

$193M

32

97.3%

11.47x

39.0%

2018

$261M

35

95.4%

3.81x

29.6%

2020

$645M

62

91.3%

1.40x

11.3%

2022

$1,033M

59

43.0%

1.14x

10.9%

*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.

Top Quartile Returns

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.

Founder-Powered Flywheel

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.

A startup, not a traditional VC firm

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 community for life

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.

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About Our Funds

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

Drag Me!

Australian Core Fund

01

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

New Zealand Core Fund

02

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

Follow-On Fund

03

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

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