Vintage Year
Committed Capital
# Core Investments
Called (%)
Net TVPI
Net IRR
2013
$29M
20
96.0%
44.90x
50.12%
2015
$193M
31
97.3%
14.83x
38.51%
2018
$261M
35
96.3%
4.84x
29.66%
2020
$647M
58
94.3%
1.85x
15.89%
2022
$1,033M
85
83.5%
1.21x
13.10%
*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.
Since 2012, we have backed 174 companies across Australia and New Zealand: 40 of those are now worth over $100M and eight are worth over $1B. Together, our portfolio is worth over $9.9B.
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.
We are building a team that is as ambitious as the companies we invest in. Since 2020, we have grown from a team of 12 to a team of 70 with over 50% women representation.
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.
We raise two funds in each vintage to support founders throughout their journey - from first check to global scale.
Investing in the very first rounds of Australia’s most ambitious startups. That means right at the beginning, before revenue and product.
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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