Predict your next investment

Venture Capital
blackbird.vc

See what CB Insights has to offer

Investments

162

Portfolio Exits

8

Funds

7

Partners & Customers

1

Service Providers

1

About Blackbird Ventures

Blackbird Ventures is a venture capital firm that invests in inherently global Internet businesses formed by Australians. The firm backs world-class founders who are setting out to make a difference in the world. Blackbird Ventures itself is a collection of Australia's most successful startup founders and Silicon Valley's top investors who want to help companies succeed on a global stage. Blackbird's fund investors are the founders of some of Australia's most successful technology companies like Atlassian, Campaign Monitor, Aconex and more.

Blackbird Ventures Headquarter Location

Level 5 80 Mount Street

North Sydney, New South Wales, 2060,

Australia

+61 (0)2 8314 7400

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Blackbird Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Blackbird Ventures in 1 Expert Collection, including Direct-To-Consumer Brands (Non-Food).

D

Direct-To-Consumer Brands (Non-Food)

37 items

Startups selling their own branded products directly to consumers via online/mobile channels, rather than relying on department stores or big online marketplaces.

Research containing Blackbird Ventures

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Blackbird Ventures in 1 CB Insights research brief, most recently on Oct 21, 2019.

Latest Blackbird Ventures News

Blackbird, BigCommerce founder back Brisbane 20-year-old’s start-up

May 20, 2022

Share Local venture capital titan Blackbird Ventures has placed one of its earliest bets on a 20-year-old founder from Brisbane, whose refund fraud detection platform for ecommerce companies is already gaining traction with merchants. Jack Bloomfield, who started his company Disputify in 2020 when he was only 17-years-old, has raised $2.55 million for the rapidly growing start-up. The round was led by US fund Eidetic Ventures, with participation from the founders of BigCommerce, WooCommerce and Google Shopping, as well as Blackbird and River Park Ventures. Jack Bloomfield was only 17 when he first raised funding for his ecommerce tech company Disputify. Mr Bloomfield, who started his first company buying and re-selling gift cards when he was only 12, had the idea for Disputify while running his own chain of ecommerce stores under the Bloomfield Group and discovering how common it was for customers to fraudulently ask for refunds. “We had this issue with real people buying products from us, using their own name and information, and we’d have support requests come through asking for refunds for a variety of reasons like they’d never received it, or it was faulty. At first, we thought it was our problem, but then we realised it was the same people,” he said. “We employed someone in the Philippines to go through a list of a hundred names whenever an order would come in to ensure it wasn’t from someone we didn’t want to deal with.” Advertisement “We’d spent thousands of dollars on credit card fraud solutions, but these people were using their own details. There are refund forums with thousands of people who talk about merchants that are easiest to rip off.” Figures from the US National Retail Federation and Appriss Retail indicated fraudulent returns cost US retailers $US25.3 billion ($35.5 billion) a year. Mr Bloomfield calculated that between 2 per cent and 5 per cent of his ecommerce customers were fraudulently claiming refunds. This percentage, he says, has held true across Disputify’s 450 ecommerce customers. Disputify provides insights on customer behaviour patterns at the point of transaction, and again when a refund is requested, and alerts merchants to suspicious patterns. As well as detecting customers who have a history of fraudulently claiming refunds, it also detects if a customer has a pattern of ordering the wrong size and prompts the merchant to engage with them before sending out the order to ensure the size is right. The platform is integrated with major ecommerce platforms including Shopify and WooCommerce, allowing merchants to start using Disputify within 15 seconds. Advertisement As well as tackling “return abuse”, Mr Bloomfield said the company was rolling out a new product designed to reward trustworthy shoppers – instant refunds. “Trusted customers will see on the product page that an item is eligible for an instant refund ... rather than waiting five, or 10 days to get their money back,” he said. “The whole goal here is to fundamentally change the experience not just for merchants, but for end customers, and encourage people to be more confident when online shopping.” The US is already Disputify’s biggest market, followed by Australia. The bulk of its customers do between 10,000 to 15,000 online transactions a month, while its biggest do up to 40,000. BigCommerce co-founder Eddie Machaalani said Disputify had the potential to be a game-changer for ecommerce companies. “This can dramatically improve customers’ experience across the entire ecommerce landscape and puts Disputify in a strong position to become a household name,” he said. Advertisement Mr Bloomfield, who is the youngest member of the Australian Institute of Company Directors, said he actively sought investors who had experience as founders and would be hands-on when needed. He has employed three other people to help him run Disputify so far and plans to grow the team to six or seven by the end of July. So far, most of the people he has hired are double his age. “It’s a unique experience, but it comes back to being able to admit vulnerability,” Mr Bloomfield said. “I’m open with the fact that Disputify has been around for two years, and that I’ve been in ecommerce for a while, but have I had the chance to do it for 20 years? No.” Yolanda Redrup is an award-winning senior journalist who writes on technology, healthcare and occasionally covers Street Talk from our Melbourne newsroom. Connect with Yolanda on Twitter . Email Yolanda at yolanda.redrup@afr.com Save

Blackbird Ventures Investments

162 Investments

Blackbird Ventures has made 162 investments. Their latest investment was in Disputify as part of their Seed VC on May 5, 2022.

CBI Logo

Blackbird Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/20/2022

Seed VC

Disputify

$1.8M

Yes

Eidetic Ventures, RiverPark Ventures, and Undisclosed Angel Investors

1

5/17/2022

Seed VC

Blinq

$3.5M

Yes

4

3/22/2022

Seed VC

The Mintable

$5.68M

Yes

1

3/14/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

2/2/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

5/20/2022

5/17/2022

3/22/2022

3/14/2022

2/2/2022

Round

Seed VC

Seed VC

Seed VC

Seed VC

Seed VC

Company

Disputify

Blinq

The Mintable

Subscribe to see more

Subscribe to see more

Amount

$1.8M

$3.5M

$5.68M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Eidetic Ventures, RiverPark Ventures, and Undisclosed Angel Investors

Sources

1

4

1

10

10

Blackbird Ventures Portfolio Exits

8 Portfolio Exits

Blackbird Ventures has 8 portfolio exits. Their latest portfolio exit was Honee on August 19, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/19/2021

Acquired

2

2/17/2021

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

6/26/2020

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

2/6/2019

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

6/21/2018

Acquired

Subscribe to see more

Subscribe to see more

10

Date

8/19/2021

2/17/2021

6/26/2020

2/6/2019

6/21/2018

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

2

10

10

10

10

Blackbird Ventures Fund History

7 Fund Histories

Blackbird Ventures has 7 funds, including Blackbird Ventures IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/2/2021

Blackbird Ventures IV

$505.78M

3

7/16/2019

New Zealand Fund

$99M

10

4/2/2018

Blackbird Ventures III

Subscribe to see more

Subscribe to see more

$99M

10

9/15/2015

Blackbird Ventures II

Subscribe to see more

Subscribe to see more

$99M

10

3/21/2014

Blackbird Ventures I

$99M

10

Closing Date

2/2/2021

7/16/2019

4/2/2018

9/15/2015

3/21/2014

Fund

Blackbird Ventures IV

New Zealand Fund

Blackbird Ventures III

Blackbird Ventures II

Blackbird Ventures I

Fund Type

Subscribe to see more

Subscribe to see more

Status

Subscribe to see more

Subscribe to see more

Amount

$505.78M

$99M

$99M

$99M

$99M

Sources

3

10

10

10

10

Blackbird Ventures Partners & Customers

1 Partners and customers

Blackbird Ventures has 1 strategic partners and customers. Blackbird Ventures recently partnered with EMURGO on August 8, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

8/27/2020

Partner

Japan

EMURGO Traceability Solution Ushered Into New Stage of Growth Through Joint Venture with Blackbird

SINGAPORE , Aug. 27 , 2020 / PRNewswire / -- EMURGO , a global blockchain solutions provider & a founding entity of the Cardano protocol , has entered into a strategic partnership agreement with Israel-based Blackbird Ventures to establish Brandmark - a new joint venture and blockchain solution aimed at leveraging EMURGO 's tailored blockchain solutions suite and Blackbird Ventures 's expansive network to provide real world , blockchain solutions for large scale , multinational organizations in the current age of Industry 4.0 .

2

Date

8/27/2020

Type

Partner

Business Partner

Country

Japan

News Snippet

EMURGO Traceability Solution Ushered Into New Stage of Growth Through Joint Venture with Blackbird

SINGAPORE , Aug. 27 , 2020 / PRNewswire / -- EMURGO , a global blockchain solutions provider & a founding entity of the Cardano protocol , has entered into a strategic partnership agreement with Israel-based Blackbird Ventures to establish Brandmark - a new joint venture and blockchain solution aimed at leveraging EMURGO 's tailored blockchain solutions suite and Blackbird Ventures 's expansive network to provide real world , blockchain solutions for large scale , multinational organizations in the current age of Industry 4.0 .

Sources

2

Blackbird Ventures Service Providers

1 Service Provider

Blackbird Ventures has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

Blackbird Ventures Team

5 Team Members

Blackbird Ventures has 5 team members, including current Chief Executive Officer, Neil R Senturia.

Name

Work History

Title

Status

Richard Baker

Founder

Current

Niki Scevak

Founder

Current

Neil R Senturia

Chief Executive Officer

Current

Christian Ehrenthal

Managing Director

Current

Bill Bartee

Managing Director

Former

Name

Richard Baker

Niki Scevak

Neil R Senturia

Christian Ehrenthal

Bill Bartee

Work History

Title

Founder

Founder

Chief Executive Officer

Managing Director

Managing Director

Status

Current

Current

Current

Current

Former

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.