Blackbird has netted $800m payday from its Canva share sale.
The transaction, which valued Canva at $US26 billion, allowed staff and early investors to sell their shares, turning some employees into millionaires and generating big returns for superannuation funds that tipped money into the local tech company!
For Blackbird’s 2012 fund, which participated in Canva’s earliest funding round, the sale represented a return of just more than 2600 times the cost base of its original investment.
No comments:
Post a Comment