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Blackbird Ventures

Founders Bill Bartee Larry Marshall Niki Scevak Richard Baker

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 248
Average round size
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The average size of a deal this fund participated in
$12M
Portfolio companies 150
Rounds per year 20.67
Lead investments 34
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.38
Exits 9
Key employees 1
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Information Technology
  • SaaS
  • Artificial Intelligence
  • Internet
Summary

In 2005 was created Blackbird Ventures, which is appeared as VC. The main office of represented VC is situated in the La Jolla. The venture was found in North America in United States.

The current fund was established by Neil Senturia. The overall number of key employees were 1.

The important activity for fund was in 2017. Despite it in 2019 the fund had an activity. This Blackbird Ventures works on 23 percentage points less the average amount of lead investments comparing to the other organizations. The fund is constantly included in less than 2 investment rounds annually. The real fund results show that this VC is 30 percentage points more often commits exit comparing to other companies. The average startup value when the investment from Blackbird Ventures is 100-500 millions dollars. The usual things for fund are deals in the range of 10 - 50 millions dollars. The increased amount of exits for fund were in 2018.

The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the Blackbird Ventures, startups are often financed by Index Ventures, Felicis Ventures, Southern Cross Venture Partners. The meaningful sponsors for the fund in investment in the same round are Index Ventures, Sean Parker, Sapphire Ventures. In the next rounds fund is usually obtained by Blackbird Ventures (Australia), SOSV, Qualgro VC.

Among the most popular portfolio startups of the fund, we may highlight Bugcrowd, Dealstruck, Applied. Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. Among the most successful fund investment fields, there are Real Time, Marketing Automation. The fund has no exact preference in some founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Blackbird Ventures:
Typical Co-investors
Blackbird Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Blackbird Ventures:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Clasp Therapeutics

$150M20 Mar 2024 Cambridge, Massachusetts, United States

Tracksuit

Brand Marketing
Market Research
SaaS
Software
$15M27 Feb 2024 Auckland, Auckland, New Zealand

Marqo

$12M13 Feb 2024 -

Sonder

$11M25 Jan 2024 Sydney, New South Wales, Australia

OnCusp Therapeutics

Biotechnology
Health Care
Pharmaceutical
Product Research
$100M04 Jan 2024 New York, New York, United States

Clove

Cooking
Recipes
$3M11 Dec 2023 Australia, Isabela, Philippines

Leonardo AI

Content
Information Technology
$34M06 Dec 2023 Sydney, New South Wales, Australia

Sitemate

Apps
Cloud Storage
Construction
Project Management
SaaS
Software
$5M16 Nov 2023 Sydney, New South Wales, Australia

Cyble

Artificial Intelligence
Cloud Security
Cyber Security
Network Security
Risk Management
$6M14 Nov 2023 Atlanta, Georgia, United States
News
Canva Raises USD $200M in Funding; Valued at USD 40 Billion Valuation

– Canva – a global visual communications platform based in Sidney, Australia – raised USD $200m in a funding round which valued the company at USD $40b.
– The round was led by T. Rowe Price with participation from new and existing strategic investors Franklin Templeton, Sequoia Capital Global Equities, Bessemer Venture Partners, Greenoaks Capital, Dragoneer Investments, Blackbird, Felicis, and AirTree Ventures.
– The company intends to use the funds to accelerate growth, including expanding its team of more than 2,000 employees, which it is expected to double in the year ahead.

Mushroom-based meat alternative startup Fable Food raises $6.5M AUD, will launch in the US

– Sydney-based Fable Food, a plant-based food startup, raised $6.5m in seed funding.
– The round was led by Blackbird Ventures and joined by AgFunder, Aera VC, Better Bite Ventures, Ban Choon Marketing and former Sequoia Capital partner Warren Hogarth.
– The company plans to launch in the United States by the end of this year.

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Total investments 248
Average round size 12M
Rounds per year 20.67
Peak activity year 2015
Lead investments 34
Follow on index 0.38
Exits 9
Group Appearance index 0.81

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Clasp Therapeutics

$150M20 Mar 2024 Cambridge, Massachusetts, United States

Tracksuit

Brand Marketing
Market Research
SaaS
Software
$15M27 Feb 2024 Auckland, Auckland, New Zealand

Marqo

$12M13 Feb 2024 -

Sonder

$11M25 Jan 2024 Sydney, New South Wales, Australia

OnCusp Therapeutics

Biotechnology
Health Care
Pharmaceutical
Product Research
$100M04 Jan 2024 New York, New York, United States

Clove

Cooking
Recipes
$3M11 Dec 2023 Australia, Isabela, Philippines

Leonardo AI

Content
Information Technology
$34M06 Dec 2023 Sydney, New South Wales, Australia

Sitemate

Apps
Cloud Storage
Construction
Project Management
SaaS
Software
$5M16 Nov 2023 Sydney, New South Wales, Australia

Cyble

Artificial Intelligence
Cloud Security
Cyber Security
Network Security
Risk Management
$6M14 Nov 2023 Atlanta, Georgia, United States
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