Sydney-based Blackbird ventures has opened its books to reveal itself as Australia’s biggest venture capital fund in terms of gains made on its early-stage investments, having turned $1.3 billion invested since 2013 into a portfolio valued at $10 billion.
Blackbird co-founders and partners Rick Baker and Niki Scevak said the firm had more than triple the equity in runaway tech success story Canva than any other investor, but had also built significant stakes by getting in early at other billion-dollar “unicorns” SafetyCulture and Culture Amp.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
