Business
Blackbird’s $500m fund hopes for another hundred-bagger – The Australian Financial Review
The Sydney-based venture capital firm raised the record-breaking fund while revealing a 9200 per cent return on a single investment from its first fund.
Blackbird’s $500 million raise adds to a mountain of “dry powder” in Australia’s venture capital scene, after Paul Bassat’s Square Peg closed a $340 million fund in July, and Daniel Petre’s AirTree Ventures a $275 million fund last October.
However, Mr Baker was not concerned about valuations being bid up, arguing that more than half that money was earmarked for later-stage deals. “You’re now seeing Australian scale-ups regularly raising rounds of $20 million and more, so it doesn’t take much f…
-
Noosa News20 hours agoHow Lily Steele-Park took her rapist to court and won
-
Noosa News24 hours agoStar’s Brisbane casino has been in the headlines for months: What’s the latest?
-
Business23 hours ago5 things to watch on the ASX 200 on Tuesday 8 July 2025
-
Noosa News21 hours agoE-biker charged with riding dangerously, assaulting cop