Sources said the Australian venture capital investor ploughed $US4.5 million into Kiki’s seed round.
Blackbird Ventures has backed a little-known New Zealand subletting platform Kiki, as the startup tries to take a bite of the Big Apple.
Sources said the Australian venture capital investor ploughed $US4.5 million into Kiki’s seed round via its New Zealand and Australia 2022 funds.Blackbird is understood to own around 16 per cent of the company, which attracted a post-money valuation of $US28 million. Blackbird declined to comment on Wednesday.
Kiki is an invite-only peer-to-peer subletting platform that allows a lessor to select a tenant the same way two people may match on dating app Tinder. The company was founded by New Zealand university graduate Toby Thomas-Smith in 2020 to connect students and professionals with rentals of less than six months.
It expanded its operations to Sydney at the end of 2021, signing up thousands to the platform, and is set to “go all in on” launching in New York. It’s said to be trying to get in on the twenty-something digital nomad trend, where young workers live and work digitally in various locations around the world rather than being in a fixed location.
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