# Michael Tolo

> Michael Tolo is a seed investor at Blackbird Ventures backing Artificial Intelligence and Software. See 9 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Blackbird Ventures](https://shizune.co/investors/profile/blackbird-ventures-australia)
- Location: Melbourne, Australia
- Total investments: 9
- Last investment: Oct 2025
- Lead investor: 67%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/michael-tolo-501a167a/?originalSubdomain=au

Michael Tolo is a principal at Blackbird Ventures.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Artificial Intelligence | 4 | 44% |
| Software | 2 | 22% |
| macOS | 1 | 11% |
| Training | 1 | 11% |
| E-Learning | 1 | 11% |

9 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 33% |
| Pre-Seed | 3 | 33% |
| Series A | 1 | 11% |
| Series B | 1 | 11% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Australia | 5 | 56% |
| United States | 1 | 11% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Heidi Health | Heidi Health develops an ambient AI medical scribe platform that automates clinical documentation and related tasks. It listens to patient-clinician conversations, transcribes key highlights, and then produces structured notes, referral letters, patient summaries, billing codes, and other downstream documents. The system supports customizabletemplates, allows editing during sessions, and integrates with various EHR systems while offering compliance with privacy and security standards. Clinicians in multiple specialties and care settings use Heidi to reduce administrative burden, improve focus on patient care, and streamline workflows. | $65M | Series B | Oct 06, 2025 |  |
| Enhance Labs | Enhance Labs is an AI firm that enables the thinking of human and let it flow through workflow, it offers with understanding of work. | $1.5M | Pre-Seed | Sep 30, 2025 |  |
| Iceberg Quantum | Iceberg Quantum is an advanced quantum architecture company focused on designing fault-tolerant quantum computing solutions. By leveraging LDPC (Low-Density Parity-Check) codes, the company significantly reduces the hardware overhead required for quantum error correction, accelerating the timeline for practical quantum computing. The team includesexperts in quantum computing and partners with leading institutions to develop the next generation of quantum architectures. | $1.3M | Pre-Seed | Mar 24, 2025 |  |
| Heidi Health | Heidi Health develops an ambient AI medical scribe platform that automates clinical documentation and related tasks. It listens to patient-clinician conversations, transcribes key highlights, and then produces structured notes, referral letters, patient summaries, billing codes, and other downstream documents. The system supports customizabletemplates, allows editing during sessions, and integrates with various EHR systems while offering compliance with privacy and security standards. Clinicians in multiple specialties and care settings use Heidi to reduce administrative burden, improve focus on patient care, and streamline workflows. | $16.6M | Series A | Mar 03, 2025 |  |
| Redactive | Redactive developer platform eliminates the need for developers to acquire, implement, and maintain specialized data engineering knowledge. This enables to build scalable and secure AI-enhanced applications for customers or productivity use cases for employees more efficiently. | $7.7M | Seed | Jul 03, 2024 |  |
| Sumday | Sumday measures and reduces customer businesses' carbon emissions based on audit-ready data prepared by a qualified advisor. They develop the tools and training for advisors to expand their offering and take the lead in the delivery of non-financial accounting services. | $3.4M | Seed | Apr 16, 2024 |  |
| Heidi Health | Heidi Health develops an ambient AI medical scribe platform that automates clinical documentation and related tasks. It listens to patient-clinician conversations, transcribes key highlights, and then produces structured notes, referral letters, patient summaries, billing codes, and other downstream documents. The system supports customizabletemplates, allows editing during sessions, and integrates with various EHR systems while offering compliance with privacy and security standards. Clinicians in multiple specialties and care settings use Heidi to reduce administrative burden, improve focus on patient care, and streamline workflows. | $6.3M | Series A | Oct 25, 2023 |  |
| Sumday | Sumday measures and reduces customer businesses' carbon emissions based on audit-ready data prepared by a qualified advisor. They develop the tools and training for advisors to expand their offering and take the lead in the delivery of non-financial accounting services. | $1.3M | Pre-Seed | Mar 06, 2023 |  |
| The Mintable | The Mintable is a community-based learning and growth platform for managers. It provides managers with training, tools, and a community they need to succeed (so everyone else can too). They offer to provide practical learning programs that develop and reinforce the necessary soft skills (for example, feedback, delegation, and motivation), as wellas templates and guides. Its global community connects managers to the extra help, inspiration, and advice they need to get through difficult times. | $4.9M | Seed | Jun 07, 2022 |  |

9 of 9 investments shown.

## Co-investors
- [Possible Ventures](https://shizune.co/investors/profile/possible-ventures) — VC Fund, 5 deals together
- [Archangel Ventures](https://shizune.co/investors/profile/archangel-ventures) — VC Fund, 3 deals together
- [Headline](https://shizune.co/investors/profile/headlinevc) — VC Fund, 2 deals together
- [HESTA](https://shizune.co/investors/profile/hesta) — VC Fund, 2 deals together
- [LocalGlobe](https://shizune.co/investors/profile/localglobe) — VC Fund, 2 deals together
- [Saniel Ventures](https://shizune.co/investors/profile/saniel-ventures) — VC Fund, 2 deals together

## About Blackbird Ventures

VC Fund · Sydney, Australia

Blackbird is an Australasian venture capital firm whose mission is to invest in wild hearts, with the wildest ideas, right at the beginning. The firm specializes in innovative ideas and solutions, focusing on ambitious projects from software to space technology. Blackbird Ventures manages multiple early-stage venture capital limited partnershipsaimed at supporting Australian startups in their growth journey.

5 contacts available at Blackbird Ventures.

| Name | Title | Profile |
| --- | --- | --- |
| Anubhav Ghosh | Intern | https://shizune.co/investors/profile/anubhav-ghosh |
| Bill Bartee | Co-Founder, Managing Director | https://shizune.co/investors/profile/bill-bartee |
| James Palmer | Associate | https://shizune.co/investors/profile/james-palmer-161f |
| Joel Connolly | Creative Director | https://shizune.co/investors/profile/joel-connolly |
| Michael Tolo | Principal | https://shizune.co/investors/profile/michael-tolo-3c65 |

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Michael Tolo invest in?

Michael Tolo invests primarily in Artificial Intelligence, Software and macOS startups, most often at Seed and Pre-Seed stage. Most of the 9 investments tracked by Shizune back companies in Australia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Michael Tolo last invest?

The most recent investment recorded for Michael Tolo closed in Oct 2025. Shizune tracks 9 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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