Blackbird nails 2nd $1 billion fund
Blackbird has locked in a second billion-dollar fund — its sixth, slightly bigger than the last — bringing in new institutional backers, and the article recalls portfolio wins, writedowns and failures.
Government · 1 deal
Every published round Qld government 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.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| PsiQuantum | Grant | Apr 2024 | $940m | Participant | Startup Daily (25 Aug 2026), Startup Daily (21 May 2026), Startup Daily (9 Dec 2025), Startup Daily (24 Mar 2025), Forbes Australia (25 Jul 2024), Forbes Australia (13 Jun 2024), Startup Daily (4 Jun 2024), Startup Daily (14 May 2024) |
Companies Qld government has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| PsiQuantum | Quantum computing company establishing APAC HQ in Brisbane | Apr 2024, Grant | 1 | 0 |
Fund closes reported for Qld government, as distinct from the investments it has made.
Companies Qld government has backed that another company then bought. An exit for the holding, not a deal Qld government did.
Stories naming Qld government. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Blackbird has locked in a second billion-dollar fund — its sixth, slightly bigger than the last — bringing in new institutional backers, and the article recalls portfolio wins, writedowns and failures.