tall trees, vertical, nature,
Business strategy

How AI can turn a SaaS startup from horizontal to vertical

- June 11, 2024 6 MIN READ

TL;DR The last decade has been the ‘heyday’ for horizontal SaaS, and vertical SaaS has been comparatively quiet. What has held vertical SaaS back is simple: bad customers. Go-to-market motions in vertical SaaS have been stuck in clunky enterprise mode, while horizontal SaaS has consistently cracked product-led growth that has underpinned rapid and efficient scaling. AI is… Read more »


Blackbird backs generative AI startup Leonardo.Ai in $47 million raise

- December 7, 2023 2 MIN READ

A generative AI content production platform that has created more than 700 million images, and trained more than 470,000 custom generative AI models, since launching a year ago has raised $47 million, The next level version of OpenAi’s DALL-E, Leonardo.Ai was backed by Blackbird, Side Stage Ventures, Smash Capital, TIRTA Ventures, Gaorong Capital and Samsung… Read more »

Fieldfare ( Turdus pilaris) versus Blackbird (Turdus merula) - struggle for food
Venture Capital

Is there a bit of nark and envy creeping into Australian venture when it comes to Blackbird?

- December 5, 2023 3 MIN READ

It seems all is not rainbows and unicorns in Australian venture capital. A bit of the green-eyed monster is emerging against market leader Blackbird Ventures, according to today’s AFR. The business paper has been talking to “industry sources”, anonymous founders and VC figures who won’t go on the record because they “need to eat”, painting… Read more »


Blackbird doubles down on Kiwi healthtech Carepatron in $6 million Seed round

- November 27, 2023 2 MIN READ

New Zealand healthtech startup Carepatron has raised A$6 million in a Seed round co-led by existing backer Blackbird Ventures and US-based TQ Ventures: Carepatron, launched in late 2021 by David Pene and Jamie Frew. It practice management software helps healthcare practitioners deal with administration, cutting the time spent dealing with it by around 8 hours… Read more »

Canva cofounders Cliff Obrecht, Melanie Perkins and Cameron Adams. Photo: supplied

EXIT, STAGE BRIGHT: Blackbird offloads $150 million slice of its Canva stake at $39 billion valuation

- August 10, 2023 3 MIN READ

VC firm Blackbird Ventures has cracked open some of its golden eggs, offloading a small slice of its stake in design platform Canva at a US$25.5 billion (A$38.8bn) valuation in a secondary market sale to US investors. The deal with New York’s Coatue Management and San Francisco’s ICONIQ Capital is another step down the path… Read more »

MagicBrief cofounders Dan Nolan and George Howes

Blackbird leads $2 million pre-Seed round into martech startup MagicBrief

- July 6, 2023 2 MIN READ

 Sydney startup MagicBrief has raised $2 million in a pre-Seed round for its marketing platform which acts like the lovechild of Canva and Pinterest for advertising. The round was led by Blackbird with support from Archangel Ventures. Several individual founders also chipped in as angel investors, including Vimeo’s Zach Klein, UsTwo’s Matt Miller, Tim Doyle… Read more »

Aquila Earth cofounder Billy Jeremijenko

Blackbird backs energy transmission startup Aquila Earth beams up $3 million Seed round for wireless power network

- June 20, 2023 2 MIN READ

A wild idea to create an “internet of energy”, transmitting power from space using light beams has landed $3 million in Seed funding Aquila Earth is a renewable energy startup looking to create the world’s first global, wireless energy network. The round was led by Blackbird Ventures alongside Possible Ventures, Icehouse Ventures and Startmate. Aquila… Read more »


Telehealth brands startup Eucalyptus lands $50 million from Woolies, Mary Meeker & Blackbird

- April 28, 2023 3 MIN READ

Concerns over mail order weight loss brands Juniper and Pilot by Australian doctors haven’t dampened investor appetite its parent telehealth company, Eucalyptus, which has raised $50 million on a $520 million valuation. The round was backed by several existing Eucalyptus investors,  including Blackbird Ventures, the Woolworths VC fund W23, and US investor Mary Meeker’s BOND… Read more »


Blackbird, Giant Leap back healthtech startup tackling chronic pain with $3.5 million raise

- March 13, 2023 2 MIN READ

Melbourne  healthtech startup, MoreGoodDays has raised $3.5 million for a digital solution to managing chronic pain.  The round was led by Blackbird, with support from impact fund Giant Leap, Side Stage Ventures, the Snow Foundation, and LaunchVic’s female-focused sidecar investment program, the Alice Anderson Fund.  Neala Fulia and Helena Ngo co-founded the healthtech platform to… Read more »

Phoebe Harrop, Tom Humphrey, Michael Tolo

VC Blackbird appoints 3 new partners

- February 21, 2023 2 MIN READ

Venture capital fund Blackbird has appointed three new general partners from within its own ranks Moving from principal to partner are  Michael Tolo and Tom Humphrey in Australia, as well as Phoebe Harrop in New Zealand. It’s just the second time in the 11 years since Rick Baker and Niki Scevak founded Blackbird that the VC has… Read more »

Darwinium founder Alisdair Faulkner

Blackbird and AirTree back anti-fraud startup from the team behind ThreatMetrix in $15.6 million Seed round

- November 7, 2022 2 MIN READ

Online fraud prevention startup Darwinium has raised US$10 million (A$15.6m) in a Seed round led by local VCs Blackbird and Airtree. The US-based customer protection platform was founded by Bondi entrepreneur Alisdair Faulkner, cofounder of cybersecurity startup ThreatMetrix, which sold in 2018 for more than A$1.2 billion (US$817m). Joining him at Darwinium is former ThreatMetrix… Read more »