Tuesday, December 14, 2021

Blackbird Celebrates 8 years of magic



From the founders who have built world-changing companies to the 861,000 people working in the Australian tech industry, there is magic happening everywhere. 


Congrats Blackbird - for being a key cog in this ecosystem 


Onward ðŸš€ðŸš€ðŸš€


As of 30 September 2021,  Blackbird has invested in close to 90 companies, 25% of which are worth over $100M and 6 worth over $1B. 


They have turned the fund’s  investors’ first $29M into over $1.3B billion, a net return of 47x. 


And there’s still lots of growth to come says Niki Skevak 

“We first invested $250k in Canva when it was an idea in the heads of Mel, Cliff and Cam. We have invested $270M since, and hope to invest even more than that in the future.”


In 2012 Blackbird’s first  fund went on to invest in the first and follow-on rounds of companies like Canva, Culture Amp, Zoox, SafetyCulture, Propeller and Skedulo. 


The amazing founders and teams have been backed preseed - It’s about building  a relationship of trust and belief from preseed! 


In 2021 Blackbird has had over 500 founders participate in the  Giants program, many leading to investments by Blackbird and Startmate. 

No comments: