Blackpearl Group (NZX: BPG) has announced the successful completion of its oversubscribed placement which was anchored by Australian institutional cornerstone investors. Australian backers include Wilson Asset Management (WAM), Ellerston Capital, Bell Potter and Cerutty Macro Fund, which lays the foundation for the company’s upcoming ASX dual listing in November. The placement also saw continued support from New Zealand investors including Craigs Investment Partners, JBWere and other existing shareholders, underscoring confidence on both sides of the Tasman.
“Strong investor demand reflects our ability to attract world-class backers while executing a clear plan for global scale,” says Lissette. “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. As we move toward our ASX listing, our focus is on creating greater liquidity, expanding institutional participation, and delivering stronger outcomes for shareholders,” he adds.
With the raise complete, the company remains on track to complete its ASX foreign-exempt listing in November, further cementing its access to international capital markets and increasing visibility among global investors.
The proceeds have enabled the settlement of B2B Rocket Inc., Blackpearl’s recently announced US acquisition which has accelerated recurring revenue to over $17.5 million. At $0.95 per share bringing the total raised under the capital raising programme to approximately $15.1 million.
”Completing the acquisition of B2B Rocket positions us strongly for our next phase of growth. With our four growth drivers scaling in parallel, Blackpearl is on track to surpass $20M ARR with clear visibility toward $50M+.” says Lissette
A crucial part of Blackpearl’s unique value proposition is derived from the Pearl Engine - a private data platform driven by an augmented large language model (LLM) that accesses, consumes, refreshes and enriches data at scale. Over $25 million has been invested in its development, and the Pearl Engine now processes more than 21 billion signals daily (up 200% year-on-year).
This data is the accelerant for new revenue-generating products, as evidenced by Pearl Diver (over $10 m ARR in 28 months) and Bebop (over $1 m ARR in 45 days). The AI underpinning the data quality drives intrinsic value, while new product data continually enriches the base dataset - a virtuous cycle of improvement.
“Blackpearl’s platform has been purpose-built to capture the AI opportunity we saw coming a decade ago,” says Lissette.
This announcement does not constitute financial advice. Investors should refer to the Offer Document and Investor Presentation released 12 Aug 2025.
