Startup · $26.8m raised
Sydney, NSW
Every investor coverage indicates participated in a round Propeller raised.
| Investor | Rounds | Invested |
|---|---|---|
| Aware Super | Unnamed stage | - |
| Blackbird Ventures | Unnamed stage | - |
| Cliff Obrecht | Unnamed stage | - |
| Costanoa Partners | Unnamed stage | - |
| Saniel Ventures | Unnamed stage | - |
Companies Propeller acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Rory San Miguel | CEO (former) · Founder | Startmate, Startup Daily (Thu 16 Nov 2023), Startup Daily (Mon 14 Nov 2022), Blackbird Ventures portfolio, Startup Daily (Mon 1 Aug 2022) |
Stories naming Propeller. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Startmate reflects on a decade of backing founders, profiling breakout alumni across its cohorts and describing how its mentors reinvest in newer startups, alongside its fund model and returns.
Construction software startup Sitemate has secured $7.5 million in pre-Series A funding, led by Marbruck Investments with Blackbird and Artesian participating, and intends to double headcount during 2024.
Techboard's monthly roundup counts 40 Australian startup raises worth $498m in April 2023, headlined by Saluda Medical and Eucalyptus, plus smaller rounds and fund closes by Purpose Ventures and Proto Axiom.
A weekly roundup reporting seven Australian startups that together raised more than $66 million, including Novalith, Propeller, Cortical Labs, Waave, Restoplus, Empiraa and The Very Good Bra.
SmartCompany reports two large Australian raises within a day: Novalith's $23 million Series A and Propeller's $22 million round, both well above earlier raises, against a slow first quarter for venture funding.
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
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.
Secondary-focused VC SecondQuarter Ventures closed $51 million and bought stakes in ActivePipe and Propeller from a founder and Startmate, on top of earlier positions in Athena Home Loans and Equiem.
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.
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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
Blackbird's February newsletter reports new investments in Roborigger and Dovetail plus Process Street's Series A, alongside portfolio updates, a founder spotlight and hiring notices.
Blackbird describes closing its $29M first fund in 2013 and a GP-led secondary where fund investors sold a minority stake to StepStone and HESTA for about $100M, locking in returns while keeping its portfolio.
Also Blackbird Ventures portfolio·Startup Daily·Business News Australia
Accelerator Startmate has launched a climate startup program offering $75,000 for 7.5% equity, supported by prominent local investors and founders, and is seeking ten teams with applications closing 19 November.
Blackbird, the Australian venture firm, says it will expand to New Zealand with a new early-stage fund, an Auckland office, and its Sunrise conference, while recalling its early backing of companies including Canva.
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