Startup · $26.8m raised
Sydney, NSW
Every investor coverage indicates participated in a round Propeller raised.
| Investor | Rounds | Invested |
|---|---|---|
| Aware Super | Unnamed stage | - |
| Blackbird Ventures | Unnamed stage | - |
| Cliff Obrecht | Unnamed stage | - |
| Costanoa Partners | Unnamed stage | - |
| Saniel Ventures | Unnamed stage | - |
Companies Propeller acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Rory San Miguel | CEO (former) · Founder | Startmate, Startup Daily (16 Nov 2023), Startup Daily (14 Nov 2022), Blackbird Ventures portfolio, Startup Daily (1 Aug 2022) |
Stories naming Propeller. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Startmate reflects on a decade of backing founders, profiling breakout alumni across its cohorts and describing how its mentors reinvest in newer startups, alongside its fund model and returns.
Construction software startup Sitemate has secured $7.5 million in pre-Series A funding, led by Marbruck Investments with Blackbird and Artesian participating, and intends to double headcount during 2024.
A weekly roundup reporting seven Australian startups that together raised more than $66 million, including Novalith, Propeller, Cortical Labs, Waave, Restoplus, Empiraa and The Very Good Bra.
SmartCompany reports two large Australian raises within a day: Novalith's $23 million Series A and Propeller's $22 million round, both well above earlier raises, against a slow first quarter for venture funding.
Blackbird's investment notes explain why it led Sitemate's seed round, tracing the built-world software startup from its 2017 Startmate cohort and pre-seed backing to its collaboration products.
Also Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Forbes Australia·Forbes Australia
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