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New Deal


Announced

Completed

Blackbird Ventures led a $60m funding round in Canva.

Financials

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Transaction Value£48m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Friendly

Australia

design platform

Venture Capital

Acquisition

Completed

Digital Services

Minority

Cross Border

Private Equity

Single Bidder

Synopsis

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Blackbird Ventures led a $60m funding round in Canva, the design platform for non-designers, with participation from investors like Bond, General Catalyst, Sequoia Capital China and Felicis Ventures. Canva cofounder and COO Cliff Obrecht said despite the economic downturn as a result of the Covid-19 pandemic, the company continues to see a significant increase in user activity.

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