Blackbird nails 2nd $1 billion fund
Blackbird has locked in a second billion-dollar fund — its sixth, slightly bigger than the last — bringing in new institutional backers, and the article recalls portfolio wins, writedowns and failures.
Investor · 36 deals
Every published round Hostplus took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Hostplus has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Athena | Sep 2019, Series C | 4 | 1 | |
| CultureAmp | 4 Sep 2019, Series D+ | 1 | 0 | |
| Myriota | 10 Apr 2020, Series B | 1 | 1 | |
| ENA Respiratory | Antiviral nasal spray to prevent severe respiratory viral infections | 27 Sep 2020, Series A | 1 | 0 |
| Gilmour Space | 30 Jun 2021, Series C | 3 | 1 | |
| EBR Systems | Nov 2021 | 1 | 0 | |
| Fleet Space Technologies | 17 Nov 2021, Series B | 3 | 1 | |
| Rokt | 2022, Series D+ | 1 | 0 | |
| Zeller | 3 Mar 2022, Series B | 1 | 0 | |
| Hysata | 2 Aug 2022, Series A | 3 | 0 | |
| AMSL Aero | 7 Sep 2022, Series B | 1 | 0 | |
| Airwallex | 11 Oct 2022, Series D+ | 2 | 0 | |
| Nourish Ingredients | 20 Oct 2022, Series A | 1 | 0 | |
| Vow | Cultured meat and novel food products grown from animal cells | 14 Nov 2022, Series A | 2 | 0 |
| Morse Micro | 28 Nov 2022, Series B | 2 | 0 | |
| Additive Assurance | In-situ quality assurance systems for metal 3D printing | 10 Dec 2022 | 1 | 0 |
| Heidi Health | 25 Oct 2023, Series A | 1 | 0 | |
| SafetyCulture | 9 Sep 2024, undisclosed | 1 | 0 | |
| ElectraLith | 15 Jan 2025, Series A | 2 | 0 | |
| Sonder | 10 Mar 2025 | 1 | 0 | |
| Try MyGig | 12 Nov 2025, Pre-seed | 1 | 0 | |
| RAGE Biotech | 14 Nov 2025, Series A | 1 | 1 | |
| Emesent | 4 Aug 2026 | 1 | 0 |
This is a stake in the fund itself, money that the fund's manager invests, not a stake in the fund manager.
Companies Hostplus has backed that another company then bought. An exit for the holding, not a deal Hostplus did.
| Name | Role | Sources |
|---|---|---|
| David Elia | CEO | Startup Daily (Thu 28 Nov 2024), Startup Daily (Wed 30 Jun 2021), @AuManufacturing, Main Sequence |
| Dr Sam Sicilia | Chief Investment Officer | australianmanufacturing.com.au, Forbes Australia, Rampersand, RenewEconomy, TechCrunch Venture, Main Sequence, Startup Daily |
| Greg Clerk | Deputy Chief Investment Officer | Brandon Capital |
Stories naming Hostplus. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Blackbird has locked in a second billion-dollar fund — its sixth, slightly bigger than the last — bringing in new institutional backers, and the article recalls portfolio wins, writedowns and failures.
A monthly Crunchbase roundup of five lesser-known AI funding deals: Greyparrot's Series B, Emesent's equity-plus-debt package, SoundHealth's Series A, Forge Industries' round and Cascade's seed raise.
Brisbane drone mapping firm Emesent secures $15 million SAFE Note plus $10 million venture debt from federal government's National Reconstruction Fund.
South Australian startups Lunio Energy and OptiGrid launch a 5 MW Strathalbyn battery into market trading; the piece recalls OptiGrid's seed round backed by CEFC, IP Group, Hostplus, universities and EnergyLab.
A 5 MW South Australian battery has started trading, the first project for developer Lunio Energy and the first four-hour site run on OptiGrid's optimisation platform, whose seed backers are recapped.
Novartis is acquiring London biotech Myricx Bio for US$1.1 billion upfront plus milestone payments, handing Melbourne venture firm Brandon Capital a record return on the startup it seeded in 2019.
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Brisbane drone-mapping firm Emesent has raised $15 million via a SAFE note plus $10 million in venture debt from the National Reconstruction Fund — the fund's first such deal — four years after its Series A.
IP Group Australia and the CEFC launched the Climate Catalyst Fund with a first close of $50 million combined, targeting seed and Series A investments in Australian climate technology.
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Blackbird's Rick Baker recounts backing rocket firm Gilmour Space from its 2017 Series A to a newly closed A$217 million Series E at a valuation above US$1 billion.
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Melbourne biotech RAGE Biotech has raised a $29 million Series A, with IP Group Australia and Hostplus leading, to fund human trials of its lung disease therapy; new executives were appointed.
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SmartCompany reports MyGig's $1 million pre-seed round, led by Artesian with Hostplus funds, to grow an employer-of-record service handling payroll and workplace compliance for casual workforces.
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Sydney chipmaker Morse Micro has banked an $88 million Series C led by Japan's MegaChips, with the national reconstruction fund and several existing backers also participating; funds will drive growth and future chip development.
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RenewEconomy reports APG Asset Management has announced plans to put over $1 billion into Octopus Australia's OASIS renewables fund, joining existing backers including Rest, Hostplus and the Clean Energy Finance Corporation.
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Brandon Capital has completed a A$439 million final close for its sixth life sciences fund, bringing the National Reconstruction Fund Corporation and WA Government in alongside backers such as HESTA, Hostplus, CSL and QIC.
Weekly roundup of seven Australian startup raises, led by Airwallex's Series F, plus EatClub, Kite Magnetics, Termina, Preve, Foremind and Liveheats.
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Gilmour Space has final approval to launch its Eris rocket Thursday from Queensland, carrying Vegemite and a camera on the maiden flight of Australia's first home-grown orbital rocket.
Feature on Australian capital moving into fusion energy: super fund Hostplus backs Commonwealth Fusion Systems, Foxglove Capital's Matt Bungey backs Type One, and startup HB11 Energy pursues laser proton-boron fusion locally.
Tyson & Blake, which seeded StrongRoom AI, threatens legal action against EVP, which is suing to recover its $10.4 million after the Melbourne medtech entered administration.
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Sonder, a workplace health and wellbeing provider, closed a 40 million dollar round with Blackbird and Seek leading, Hostplus newly investing, and funds aimed at growth across Australia, New Zealand, Britain and AI features.
Sonder has wrapped up a $40m round backed by Blackbird Ventures, Seek and Hostplus; the Sydney staff-wellness firm says its app has passed one million members and will push overseas.
Investors bought existing Rokt shares in a tender at a higher valuation; the piece also reports the mParticle acquisition, a board addition, and past raises.
Breakthrough Victoria puts $2 million into ElectraLith, a Victorian startup whose lithium extraction technology was developed at Monash University, as part of a Series A led by Main Sequence.
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Employment Hero acquires Canada's Humi for $112m and, filings show, paid $43.4m for Ben Thompson's Employment Innovations; the story also recalls its 2023 Series F and investor clash.
Victorian epilepsy device maker Seer Medical has entered voluntary administration, with Pitcher Partners appointed amid a product recall and a cofounder's legal dispute; backers included Breakthrough Victoria and Cochlear.
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Fleet Space Technologies has secured $150 million in a Series D round led by a Canadian pension fund, with existing backers Blackbird Ventures, Hostplus and Horizons Ventures also participating.
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Hostplus has tipped an additional A$125 million into the deep-tech fund IP Group runs, taking its overall backing to A$435 million across companies spun out of Australian universities.
Long-time SafetyCulture chief Luke Anear hands the reins to Kelly Vohs while moving to the chair; the piece also recaps the firm's recent raises, valuation dip and backer changes.
SafetyCulture secured $75 million of fresh capital plus $90 million from existing shareholders selling shares, valuing the operations software company at $2.5 billion. Airtree, Blackbird, Morpheus Ventures, Hostplus and HESTA joined the round.
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