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Blackbird, Tiger Global-backed start-up shares valued at zero

Nick Bonyhady
Nick BonyhadyTechnology writer
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A retail AI start-up backed by Blackbird Ventures and Tiger Global Management has suffered a series of blows after its biggest local investor wrote a stake down to $0 and two co-founders departed.

Hivery, which raised more than $61 million from funds that also include OneVentures and AS1 Growth Partners, makes software to help retailers choose which products to stock.

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Nick Bonyhady was a technology writer for The Australian Financial Review. Connect with Nick on Twitter.
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    Original URL: https://www.afr.com/technology/blackbird-tiger-global-backed-start-up-shares-valued-at-zero-20240801-p5jyib