2025 Year in Review
Blackbird's annual letter recaps its 2025 deployment, cash returns, community programs and foundation grants, and introduces Jessica Tulp as the newest addition to its investing team.
Investor
Blackbird's foundation running the Protostars program
Every published round Blackbird Foundation took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Blackbird Foundation has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Blackbird Foundation, as distinct from the investments it has made.
Companies Blackbird Foundation has backed that another company then bought. An exit for the holding, not a deal Blackbird Foundation did.
Stories naming Blackbird Foundation. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Blackbird's annual letter recaps its 2025 deployment, cash returns, community programs and foundation grants, and introduces Jessica Tulp as the newest addition to its investing team.
Blackbird shares results from its third year tracking how many women-led teams reach its investment committee, reporting FY25 gains in backing female founders, a market comparison with Cut Through Venture, and new sourcing partnerships.
Profile of La Foundary co-founder Anh Van, who grows mycelium from food waste to create sustainable packaging and art, ahead of future fundraising plans.
Blackbird's annual review letter recaps a year of investing: sums deployed across dozens of rounds, distributions to its investors, four new investment-team members introduced, and foundation and community program highlights.
Thirty-eight women-led startups, including Bubble Tea Club, The Hacker Exchange, Amelio Health and Ripple, received grants in round two of the Boosting Female Founders Initiative, sharing $11.6 million.