Blackbird Ventures

Blackbird Ventures

Blackbird Ventures is an Australian venture company investing in global internet businesses.

Company Overview

Blackbird Ventures is a venture capital firm that invests in inherently global Internet businesses formed by Australians. Blackbird Ventures is a collection of Australia’s successful startup founders and Silicon Valley investors. Blackbird’s fund investors are the founders of some of Australia’s successful technology companies like Atlassian, Campaign Monitor, Aconex and more. They provide equity capital for all stages from seed, series A and later stage.

History

Initially founded in 2012 by Larry Marshall, the company is currently being run by its Co-Founders, Richard Baker, and Bill Bartee, both of whom also act as the Managing Directors. Blackbird Ventures is a venture capital firm based in New South Wales, Australia. They provide seed investments for Australian entrepreneurs.

Investments

Blackbird Ventures has made 119 investments. One investment was on Feb 19, 2019, when they invested $1M in See-Mode Technologies. Blackbird has had 7 exits, including LIFX, Redbubble, and Shape Analytics. Blackbird Ventures has raised a total of $412.8M across 5 funds, onne of them being Blackbird Ventures Fund III. This fund was announced on Jul 30, 2018, and raised a total of A$261M. Blackbird Ventures has $2M in revenue annually and has 1 sub-organization, Startmate.

Investment strategy

Blackbird Ventures is a venture capital firm specializing in investments in seed, start-up, and later stage companies. It also targets series A deals. It prefers to invest in the Internet, software, space tech, robots, and mobile sectors.

The firm primarily invests in Australia. It backs Australian and New Zealand start-up founders, irrespective of where they are based. The firm typically invests between $0.25 million ($0.23 million) and $0.50 million (0.46 million) or in amounts as high as $3 million ($2.76 million) to $5 million ($4.61 million), depending on the stage of development of the company.

Timeline

2012

Blackbird Ventures was founded by Rick Baker, Bill Bartee and Niki Scevak.

Funded Companies

Company
Description
Website
Industry
Location

Bugcrowd is an enterprise cloud computing and computer security crowdsourcing company that offers a platform for security testing, web, mobile, source code, and client-side applications.

A robotics company developing autonomous vehicle fleet using the technology of robotics and machine learning.

A software company offering a no-code workflow management and automation platform focused on serving knowledge workers.

Accelo is a San Francisco-based company founded by Eamonn Bell, Hugh Cowling, Christine Higgins, Geoff McQueen and Glenn Fowler.

Gilmour Space Technologies is a Pimpama, Queensland-based company founded in 2013 by Adam Gilmour.

Ask Nicely is a Portland, Oregon-based company founded by John Ballinger.

Fleet Space Technologies is an Adelaide-based company.

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People

Name
Role
LinkedIn

Andrew Rogers

Investor

Bart Jellema

Investor

Bill Bartee

Founder

Dean McEvoy

Investor

Leigh Jasper

Investor

Mike Cannon-Brookes

Employee

Mike Casey

Investor

Niki Scevak

Founder

Rayn Ong

Investor

Rick Baker

Founder

Stuart Snyder

Investor

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Companies

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References

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