Ledger.

CEO, Startmate

Nick Crocker

Coverage

Stories naming Nick Crocker. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Seed $9.9m

Former Canva executive raises $9.9 million for product mapping startup Adora

Product-mapping startup Adora, co-founded by an ex-Canva product chief, has landed seed funding with Blackbird leading and four other backers, earmarked for product work and Sydney hiring.

Also Startup Daily·Startup Daily·Startup Daily

undisclosed $5m

Couple's start-up clinches $25m valuation with Blackbird backing

Melbourne developer-tools startup Factor House closed its first external round — $5 million, led by Blackbird, valuing it at $25 million — with OIF Ventures, Flying Fox Ventures, the Alice Anderson Fund and two angels joining.

Unnamed stage $2.8m

‘I’m really uncomfortable with certainty’: Meet Michelle Gilmore, the founder behind Blackbird’s latest AI bet Juno

Interview with Juno founder Michelle Gilmore on her AI listening engine, fifth venture and first external funding — $2.8 million with Blackbird's Nick Crocker leading — plus early customers.

2 deals

Investment Notes: Marqo

Blackbird announces it led AI search startup Marqo's seed round, joined by January Capital, The Creator Fund and angel investors, having previously backed the company's pre-seed in May 2022.

Also TechCrunch Venture·Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany

Fund close $1b

One billion for the ambitious

Blackbird's team marks the firm's tenth birthday by unveiling a new A$1 billion fund to back ambitious Australian and New Zealand startups, sketching a 2032 vision of technology dominating the economy.

Also Blackbird Ventures portfolio·TechCrunch Venture·SmartCompany·Startup Daily·Forbes Australia·Startup Daily·Startup Daily·Startup Daily·Forbes Australia·Dealroom·Startup Daily

Seed

Investment Notes: Sitemate

Blackbird's investment notes explain why it led Sitemate's seed round, tracing the built-world software startup from its 2017 Startmate cohort and pre-seed backing to its collaboration products.

Also Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Forbes Australia·Forbes Australia

13 deals

Ten Aussie startups that raised a total of $267 million this week

Weekly roundup of Australian startup raises, including Airwallex's Series E extension, Fleet Space's Series B and Montu's record crowdfunding, plus Giant Leap raising $19.5 million toward a $50 million second fund.

Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Business News Australia·startupscaleup.com.au·SmartCompany

Exit / M&A

Culture Amp snaps up US workplace values startup Disco

Employee experience platform Culture Amp has bought San Francisco values-recognition startup Disco for an undisclosed sum, with Disco's former CEO joining Culture Amp and an Asana executive added to the board.

Also Startup Daily

11 deals

The startup funding round: Hospitality tech, Kiwis going global, and Blumenthal's bet on plant-based meat

Roundup of recent raises: a New Zealand legaltech Series A, plant-based meat seed funding with a celebrity chef tie-in, hospitality software capital, and battery materials funding, plus board additions.

Also TechCrunch Venture·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·TechCrunch Venture·Startup Daily

14 deals

Ignition Lane's Weekly Wrap: Unicorns galore, online marketplaces put on notice, VC pyramid schemes

Weekly roundup reporting Invoice2go's sale to Bill.com, raises by Go1, Employment Hero, InDebted and others, Rokt's secondary sale, Wildcard Ventures' launch, plus global deals including Zoom-Five9 and Salesforce-Slack.

Also Startup Daily·SmartCompany

Key hire

ACE IDEA: Tennis Australia launches its own VC fund

Tennis Australia is creating Wildcard Ventures, a fund and syndicate backing early-stage sports, health and entertainment tech, and has named its investment team and advisory committee.

7 deals

Ignition Lane's Weekly Wrap: VC investment peaks, cowtech as bro, Big Tech earnings soar

Weekly roundup covering Main Sequence's second-fund close, operating partner hires at Blackbird and AirTree, raises by Sea Forest, Adventus.io, Halter and others, acquisitions by Equiem, Stripe and Toyota, plus Big Tech earnings.

13 deals

Year in Reflection: 2020

Blackbird's year-end review covers its fourth fund announcement, investments in companies including See-Mode, Morse Micro and SafetyCulture, Startmate's climate cohort intakes, Mike Cannon-Brookes joining its board, and numerous team hires.

Also Blackbird Ventures portfolio·TechCrunch Venture·TechCrunch Venture·SmartCompany·Startup Daily·Women's Agenda·Startup News (WA)·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Women's Agenda·Startup Daily

Accelerator $75k

How Adelaide startup Good Thnx facilitated $1 million in charity donations, and built a Slack integration for speedy sales

Profile of Adelaide charity-donations startup Good Thnx after Startmate's demo day, covering its Slack integration, fast enterprise sales, mentor network, a $75,000 investment and $1 million in donations facilitated.

Key hire

Startmate bolsters its female leadership with Lauren Capelin as Principal and Blackbird's Samantha Wong joining the board

Startmate appoints Lauren Capelin from Reinventure as its first Principal and Blackbird's Samantha Wong to its board, replacing Nick Crocker, as it launches its first New Zealand accelerator cohort.

2 deals

Blackbird Raises $500M Fund

Blackbird announces the close of its fourth fund at $500 million, bringing total committed capital to $1.24 billion, and separately announces Mike Cannon-Brookes joining its board as chair.

Also Blackbird Ventures portfolio·SmartCompany·Startup Daily·Startup Daily·Startup Daily

Series A

Investment Notes: Eucalyptus

Blackbird's investment notes recount its participation in Eucalyptus's Series A, led by Woolworths' venture arm W23, having earlier led the telehealth company's pre-seed and seed rounds.

Also SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany

2 deals

Welcome, New Blackbirds

Blackbird introduces seven new team members for 2020 across legal, operations and investment roles, while recalling a $100 million GP-led secondary, a raised New Zealand fund, and its earlier Startmate investment in Perx.

Also Blackbird Ventures portfolio

9 deals

Year in Reflection: 2018

Blackbird's retrospective of its 2018: a third fund launched, new partners and staff hired, Startmate cohorts run, numerous portfolio raises led, Shape Analytics sold, and Shoes of Prey shut down.

Also Blackbird Ventures portfolio·@AuManufacturing·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·@AuManufacturing·Beef Central / Grain Central·@AuManufacturing

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