Ledger. Australian venture funding, tracked

Partner, Blackbird Ventures

Niki Scevak

Coverage

Stories naming Niki Scevak. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Exit / M&A

The race is on

Blackbird partner Niki Scevak argues SaaS is not dead; winners will be companies that reinvent for AI, citing Canva's AI pivot and Kaleido acquisition, plus Heidi Health's new software category for doctors.

Also TechCrunch Australia·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Forbes Australia·Forbes Australia·TechCrunch Australia·Forbes Australia·Forbes Australia

Funding announcement

Startmate CEO Michael Batko calls time after 8 years, Phoebe Pincus takes the helm

Startmate chief Michael Batko departs following an eight-year stint; COO Phoebe Pincus steps up. The piece credits his tenure for the accelerator's growth, returns and alumni, and notes his exits from two side ventures.

Exit / M&A

Startmate CEO Michael Batko steps down after eight years, COO Phoebe Pincus takes top spot

Long-serving Startmate chief Michael Batko departs the accelerator's top job, with operations lead Phoebe Pincus promoted to CEO; the piece also recalls two side ventures Batko previously exited.

8 deals

Meliora's Clive Dickens teams up with NextGen Ventures to back AI startups

Meliora, Clive Dickens' advisory firm, has started backing AI companies alongside a student-focused venture fund that is closing in on its fundraising target.

Also Forbes Australia

Fund close $1.5m

Gen Z VC fund NextGen Ventures scores Blackbird cofounders as investors in $2.5 million fund build

Student-run venture fund NextGen Ventures has locked in $1.5 million toward a $2.5 million target, backed by Blackbird's cofounders, Airtree and angel investors, and has already invested in AI startup Fluency.

Seed $3.5m

Investment Notes: Index

Blackbird's investment note explains why it led Index's A$3.5 million seed round with Bain Capital Ventures, Y Combinator and industry angels, profiling the planning platform built by two former Canva and Atlassian staff.

Also Startup Daily·Forbes Australia

Fund close $200k

Startmate’s top 20 most valuable investments

A profile of Startmate ranking the twenty most valuable companies it has backed, noting their valuations, past raises and founders, plus Bugcrowd's newly announced purchase of Informer and its climate focus.

5 deals

Three Aussie startups that raised $36 million this week

Roundup of January raises: Sonder took $16 million in a Series B extension, Ultra Violette landed $15 million from Aria Growth Partners, VAPAR added $5 million; Sonder also named a new chairman.

Also Capital Brief·Startup Daily

2 deals

ANU physicists raise $10 million in a Series A for their quantum sensor startup, Nomad Atomics

Quantum sensor startup Nomad Atomics, founded by three ANU physicists, has closed a Series A backed by Blackbird and Right Click Capital to commercialise miniaturised gravimeters for mining and navigation.

Also @AuManufacturing·Startup Daily

Pre-seed $3m

One Future Football's virtual worldwide soccer league launches with backing from Blackbird

Melbourne virtual soccer league One Future Football launched and announced a $3 million pre-seed round led by Blackbird Ventures, with several athlete investors participating.

Also SmartCompany·SmartCompany·Startup Daily

2 deals

Fleet Space Technologies raises another $50m - Bondi Partners

Bondi Partners reposts The Australian's coverage of Fleet Space Technologies' $50m Series C round, which Blackbird Ventures led and Bondi joined, valuing the Adelaide-based nanosatellite maker above $350m.

Also Blackbird Ventures portfolio·Startup Daily·SmartCompany·SmartCompany·Techboard·Startup Daily·SmartCompany·Startup Daily·@AuManufacturing·@AuManufacturing·Forbes Australia·satcom.digital·TechCrunch Australia·Space Connect

Fund close $1b

One billion for the ambitious

Blackbird's team marks the firm's tenth birthday by unveiling a new A$1 billion fund to back ambitious Australian and New Zealand startups, sketching a 2032 vision of technology dominating the economy.

Also Blackbird Ventures portfolio·TechCrunch Australia·SmartCompany·Startup Daily·Forbes Australia·Startup Daily·Startup Daily·Startup Daily·Forbes Australia·Dealroom·Startup Daily

3 deals

Malcolm Turnbull and Atlassian, Tesla and Canva bosses back solar startup in $21 million Series B

Solar cell maker SunDrive has raised a $21 million Series B led by Main Sequence Ventures, with CEFC, Grok and Blackbird investing, and first-time backers including Turnbull, Denholm and Adams.

Also RenewEconomy·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·RenewEconomy·RenewEconomy

9 deals

Ignition Lane's Great Big Wrap: VCs court cash, an M&A bash & Canva makes a splash

Ignition Lane's weekly tech roundup covering fresh Australian startup raises, new venture funds and closes, a wave of acquisitions, delistings and a liquidation, executive moves, and Canva's product launch.

Also Techboard·Startup Daily

7 deals

Ignition Lane's Weekly Wrap: Venture capital is down, but a long way from out

Ignition Lane's weekly wrap reports falling Australian venture funding, lists several startup raises and fund raises, covers Chargefox's acquisition, Volt's closure, the Zip-Sezzle merger termination, and global tech news.

Also Startup Daily·Techboard

Pre-seed

Investment Notes: Instant

Blackbird announces a pre-seed investment in Instant, a checkout startup founded by teenage co-founders Liam Millward and William Gao, aiming to simplify online checkouts and reduce cart abandonment for merchants.

Also SmartCompany·Startup Daily·Australian FinTech·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany

5 deals

Canva and the five tech unicorns that are the wind beneath Blackbird’s wings

Analysis of Blackbird's portfolio: its value jumped 400% to $10 billion by September 2021, driven chiefly by Canva's rapid valuation growth across several raises, while the firm readies a fifth fund.

Also Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·TechCrunch Australia·Forbes Australia

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