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Blackbird Raises A$500 Million Fund for Australian Startups

  • Blackbird now has A$1.3 billion in total committed capital
  • Firm invests in Australia and New Zealand-founded startups
Photographer: Brendon Thorne/Bloomberg
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Blackbird Ventures, one of Australia’s largest venture firms, has another A$500 million ($357 million) to invest after raising its fourth fund.

The firm, which was one of the first investors in Australia’s most-highly valued startup Canva Inc., said in a statement that the A$500 million marks its largest fund to date. It last raised A$261 million in 2018 and has a total of A$1.3 billion in committed capital.