Blackbird Ventures

We invest capital into and acquire outstanding technology companies and help them scale with our expertise and access to our Guild. Our Strategy Invictus is a private equity firm that invests capital into and acquires outstanding technology and technology enabled businesses with the goal of assisting entrepreneurs to realize their strategic vision and scale their companies for the long term. Target SegmentsAutomation applied to cloud software with an emphasis on financial technology and cybersecurity SaaS business models Product Market FitStrong revenue growth with established customer base Profitable, or clear path to profitability at the time of investment Growth BusinessesBootstrapped and venture backed growth technology businesses Strong Management TeamsFounded by world-class entrepreneurs who share our values Use of ProceedsUse of capital to accelerate organic and strategic business growth Our Ethos The basis for technological innovation and human advancement is entrepreneurship, creativity and ingenuity. Invictus means unconquerable, and it is this characteristic of humanity – the mindset that any obstacle can be overcome, any vision can be achieved through perseverance and adaptability – that enables calculated risk taking and inspires disruptive ideas and businesses. Our Mission and Values Our mission is to empower excellence in partnership with world class founders and management teams. This mission is supported by our core values of integrity, teamwork, diversity, humility and relationships. Empower Excellence We empower excellence in our people and investments. We bring resources, experience, and grit to help our investments achieve and exceed their missions. We are here not because we seek to prove ourselves, but to continuously improve ourselves. Teamwork We are a highly functioning team and our success is based on the complementary skills we bring to each investment. We value an environment of collaboration and communication that enables the team and help each other level up. With respect, we are a meritocracy in which the best ideas win, regardless of title, and we invest heavily in the development and advancement of our people. Integrity We conduct ourselves with the highest integrity in everything we do. We stand by our word and are accountable, ethical, and committed. We lead by example. Our reputation is paramount and is reflected in our individual conduct and conduct as a firm. Relationships Our firm is built upon long term, trusted relationships. We build valued, unique partnerships with our investors, management teams, and colleagues, with aligned interests for mutual success. Diversity We are a majority minority owned firm.​ We understand that success is a result of the diverse perspectives and abilities of countless individuals and their unique perspectives. We foster a diverse workplace that seeks to attract the best talent and accepts people of all ethnicities and sexual orientations. We also recognize that boards and management teams benefit from diverse ideas, expertise and perspectives. Humility We have learned from experience that being humble allows for the strength and thoughtfulness required to achieve objectives. We own up to and are eager to learn from our successes and failures. We seek to add value to all situations.

By combining the flexibility and strengths of a business angel with the discipline and firepower of traditional VC investors, All Iron Ventures invests anywhere technology can improve poor customer experience and inefficient business processes. We are not asset managers. First and foremost, we are investors ourselves and, as such, we align our interests with those of our co-investors significantly above the industry average. All Iron Ventures has been built on the back of a remarkable success story and we are eager and committed to helping to replicate that for our partners.

Focused on the rising consumption story in India and Indian SaaS companies catering to a global market. CONSUMER TECH Backing tech native businesses for India’s internet users and middle-class. AgriTech EdTech HealthTech SOFTWARE AS A SERVICE (SAAS) Backing product-led SaaS startups that can reach a global scale. Automation, Collaboration and Intelligence Vertical SaaS SaaS enabled marketplaces FINTECH Backing companies which manage finances in the most tech efficient way Vertical neo banks, lending Embedded Finance, infra APIs Insurtech Alternative investing DEEPTECH Backing companies solving deep engineering problems Artificial Intelligence Robotics / Drones Space tech and Semiconductors OUR APPROACH We invest in people rather than companies. From great entrepreneurs emerge great brands and companies. We are good listeners and that is a trait needed in our profession to grow. We have a non-intrusive approach and we completely believe in the entrepreneurs we have backed. An entrepreneur can think of us more as a resource and a sounding board. WHAT WE LOOK FORWe prefer to invest in mission driven founders who have relevant work experience and domain expertise Significant growth potential over the next 3 to 5 years. We prefer backing founders with at least 4-5 years of prior experience. Differentiated products or services that have strong ‘moats’ built around it. HOW WE INVESTWe invest in pre-seed and seed rounds. We invest ~US$ 250K per startup in the first round and then in follow-on rounds We are open to investing through convertible structures and instruments, however, we prefer straight equity. We generally prefer to co-invest along with other VC funds and micro VC funds In a larger round of fundraising – we co-invest with our select Limited Partners.

We have invested in more than 90 companies since 2016, including Pinterest, Compass, Hippo, Ro, Carta, Dutchie, Anduril, Varda Space Industries, Ghost, Front, Esusu, OKCredit, and Unqork. Additionally, through our subsidiary fund, New Slate Ventures, we have financed films, documentaries, and limited series that have been acquired by Apple, Netflix, and Disney. Based in New York City, we invest globally. Backstory Sinai Capital Partners was founded in 2017. We raised $100 million and built a talented team of young investors with offices in New York, Palo Alto, and Los Angeles. We made over 90 investments, realized 11 exits, and achieved a 1X return on our first fund within two years. In 2019, we raised $100 million for a subsidiary of Sinai Capital called New Slate Ventures, with the goal of supplying the many players in the streaming wars with independent content. Our films, series, and documentaries won Academy Award nominations, Golden Globes, Grammy’s, and Emmy’s, and were acquired by the likes of Apple, Disney, and Netflix for multiples of their cost. As a solo GP, I believe boutique, disciplined, early-stage funds with effective managers will generate the best returns for investors in this forthcoming innovation cycle. Throughout my career I’ve nurtured relationships across Silicon Valley, Wall Street, Washington DC, and Hollywood, and aim to leverage this access on behalf of the founders I support. Where to Now? We’re currently in the midst of the greatest acceleration of technological progress since 2010 and the advent of mobile/social computing. New frameworks for problem solving are emerging daily aided by artificial intelligence, CRISPR technologies, climate manipulation, and several other radical new fields previously dismissed as science fiction. When we started Sinai, the prevailing wisdom in Silicon Valley was that “hardware was hard” and that software investments provided much better risk-adjusted opportunities. That assumption is becoming less credible in the current venture capital landscape, with space exploration, brain computer interfaces, driverless electric vehicles, autonomous warfare drones, and nuclear fusion companies all appearing to be increasingly within reach, with potentially transformational impacts on civilization. Sinai’s new focus will be on these harder technical problems, as we believe this is where the majority of the value creation for this next venture cycle will emerge. While we still welcome revenue generating SaaS businesses, its become clearer to us that the best returns come from the most non-obvious ideas in undefined markets and categories. Some of our latest investments include Anduril, Varda, Galvanick, Rangeview, Factory.AI, Science.IO, and several others. We seek to invest in 5-10 companies each year, with average check sizes ranging between $1-5M depending on stage. We’re happy to lead seed rounds where we have high conviction, but prefer to collaborate with our friends at top funds across the globe. We are geographically agnostic, but are most active in New York, San Francisco, Miami, London, and the South Bay of Los Angeles.

We leverage the expertise of our leadership in cloud computing to help you build credibility and accelerate growth. CREDIBILITY Gain an inside track for building credibility and relationships with Salesforce customers and partners. ACCESS Get access to our product teams, executive leadership, customers and partner events. ADVICE Get advice from our operating team on critical parts of your business.

To succeed as a startup, you need a lot more than capital. You need the right tool set, strategy, and supporters who share your values and philosophy of growth. That’s why HubSpot Ventures commits to resources that go well beyond funding - we provide access to expert advising and first-rate business tools. Every portfolio company will have access to coaching from senior leaders, partnership support, special event access, and more. If this sounds like the relationship you're looking for, take a moment to meet a few of the members of HubSpot's strategy & partnerships team. Who Should Apply We’re not looking for quick wins with this fund. We’re looking to build long term partnerships. We’re investing in companies that we believe will not only produce a positive return over time, but also expand the impact of HubSpot’s philosophy of growing better. That means never sacrificing the customer experience for the sake of growth. You should apply if you: Are actively raising a funding round (seed through late stage) Align with our mission to help millions of organizations grow better Have potential to deliver unique value to the HubSpot community Are building a leading SaaS-based product Embody the values in HubSpot’s Customer Code and Culture Code