Kiwi AI data company Blackpearl has raised NZ$15.1 million, with strong support from Australian institutional investors, ahead of its plan to list on the ASX in November.
Australian investors like Wilson Asset Management, Ellerston Capital, Bell Potter, and Cerutty Macro Fund backed the company, while New Zealand brokers Craigs Investment Partners and JBWere also participated in the funding.
Blackpearl’s Founder and CEO, Nick Lissette, said the strong interest from Australian investors prepares the company well for its listing next month.
“Bringing in Australian cornerstone investors alongside continued New Zealand support provides the diversity and depth of backing we need to drive our next phase of growth,” he said.
“As we move toward our ASX listing, our focus is on creating greater liquidity, expanding institutional participation, and delivering stronger outcomes for shareholders.”
Blackpearl is powered by its Pearl Engine, a data platform that uses custom large language models (LLMs) to access, process, and improve over 21 billion data points every day.
The company’s products focus on AI-driven sales and marketing for the US market. Blackpearl currently has a market value of just under NZ$90 million.
“Completing the acquisition of B2B Rocket positions us strongly for our next phase of growth,” Lisette said.
“With our four growth drivers scaling in parallel, Blackpearl is on track to surpass $20M ARR [adjusted annual revenue] with clear visibility toward $50M+.”
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