North Sydney-based Blackbird Ventures has held the first close of its $30m venture capital fund.
The fund, which will invest in approximately 25 Australian Internet startups, has been supported by industry insiders, including over 35 successful Australian tech founders and Silicon Valley venture capitalists like Bill Tai and Dave McClure.
The local management team includes:
– Niki Scevak, founder of Australian accelerator Startmate;
– Rick Baker who ran venture investing at MLC and
– Bill Bartee, co-founder of Southern Cross Venture Partners.
They are assisted in Silicon Valley by Southern Cross partner, John Scull, who sits on the Investment Committee.