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Blackbird is a venture capital firm established in 2012, operating in Australia and New Zealand. The firm was founded by Niki Scevak and Rick Baker, who aimed to support technology companies at various stages of their development, from inception to post-IPO. Blackbird has grown significantly since its inception, currently managing over AUD $7 billion in assets under management (AUM) and backing 174 companies.
The firm has achieved notable milestones, including a portfolio valuation of approximately AUD $9.9 billion and the successful launch of its latest fund, which raised AUD $1 billion in 2022. Blackbird operates from offices located in Auckland, Melbourne, and Sydney, positioning itself as a leading venture capital firm in the Oceania region.
Blackbird's investment strategy emphasizes backing passionate founders who are addressing significant global challenges. The firm has established a reputation for supporting companies across various technology sectors, including healthcare, fintech, and space technologies.
Blackbird invests across a broad spectrum of technology sectors, including healthcare, space-tech, AI, fintech, biotech, consumer, edtech, energy, and climate. The firm focuses on various stages of investment, ranging from pre-seed to pre-IPO, allowing it to support companies throughout their growth journey. Blackbird's check sizes typically align with the needs of the companies it invests in, providing flexibility to founders.
Rather than concentrating on specific sectors or stages, Blackbird emphasizes the importance of backing ambitious founders. The firm believes that significant advancements in technology are driven by passionate individuals tackling major global challenges. This founder-centric approach allows Blackbird to identify and support innovative startups that have the potential to disrupt their respective industries.
Blackbird's portfolio includes a diverse range of companies that exemplify its investment strategy. Notable portfolio companies include:
In addition to these notable companies, Blackbird has backed a total of 174 companies, including 8 unicorns, demonstrating its successful investment strategy and commitment to fostering innovation across various sectors.
Niki Scevak: Partner and co-founder of Blackbird, Niki has a background in technology and venture capital, having led numerous successful investments, including Canva. He holds a degree in Commerce from the University of Sydney.
Rick Baker: Co-founder and General Partner, Rick has extensive experience in venture capital and technology. He has played a key role in Blackbird's growth and has a strong track record of successful investments.
Alex Apoifis: Operations Partner and Chief Operating Officer, Alex oversees operational strategies and supports portfolio companies in scaling their businesses.
Alex Gifford: Head of Investment Programs, Alex leads the firm's investment initiatives and is responsible for identifying promising startups across various sectors.
Becca Kennedy: People & Culture Partner, Becca focuses on talent acquisition and organizational development within Blackbird and its portfolio companies.
Ed Little: Head of Technology, Ed specializes in technology investments and provides strategic guidance to portfolio companies in the tech sector.
Robyn Denholm: Board Member, Robyn brings extensive experience from her leadership roles in technology companies and contributes to Blackbird's strategic direction.
To pitch to Blackbird, founders should use the preferred channel available on their website at Get Investment. The firm encourages detailed presentations that include the startup's vision, market potential, and the founding team's capabilities. Founders should expect a response time that varies based on the volume of applications, but timely follow-ups are encouraged.
Blackbird values warm introductions, so leveraging connections within their network can enhance the chances of securing a meeting. A well-prepared pitch deck that clearly outlines the business model, market opportunity, and team strengths is crucial for making a positive impression.
In 2022, Blackbird raised a new fund of AUD $1 billion, marking it as one of the largest venture capital funds in Australia. This fund aims to continue supporting innovative technology companies across various sectors.
As of March 2023, Blackbird has backed a total of 174 companies, achieving a portfolio valuation of approximately AUD $9.9 billion. The firm has successfully invested in 8 unicorns, showcasing its effective investment strategy.
Blackbird's net internal rate of return (IRR) stands at 36.09%, reflecting the firm's strong performance in the venture capital space. The firm continues to actively seek new investment opportunities while supporting its existing portfolio companies.
What are Blackbird's investment criteria?
Blackbird invests in technology companies at various stages, from pre-seed to pre-IPO. The firm emphasizes backing ambitious founders who are addressing significant global challenges across multiple sectors, including healthcare, fintech, and AI.
How can I apply or pitch to Blackbird?
Founders can pitch to Blackbird through their website at Get Investment. The firm encourages detailed presentations that highlight the startup's vision, market potential, and the founding team's capabilities.
What makes Blackbird different from other venture capital firms?
Blackbird's unique approach focuses on supporting passionate founders rather than specific sectors or stages. This allows the firm to identify and invest in innovative startups that have the potential to disrupt their industries.
What is Blackbird's geographic scope?
Blackbird primarily operates in the Oceania region, with a strong presence in Australia and New Zealand. The firm is committed to supporting local startups while also considering opportunities in the broader Asia-Pacific market.
What is Blackbird's post-investment involvement like?
Blackbird provides strategic support, access to a vast network, and expertise in scaling technology businesses. The firm is actively involved in helping its portfolio companies navigate challenges and achieve growth.
What is the size of Blackbird's funds and check sizes?
Blackbird's latest fund raised AUD $1 billion in 2022, making it one of the largest venture capital funds in Australia. Check sizes vary based on the needs of the companies, allowing for flexibility in investment amounts.
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