A $100m stake in the runaway tech star is set to change hands, as VC firm Blackbird plans a trade to PE firm Quadrant.
Already a subscriber?Venture capital firm Blackbird Ventures is poised to sell a chunk of its early Canva shares to Sydney-based private equity firm Quadrant in a deal speculated to be worth more than $100 million.
Canva founders Cameron Adams, Cliff Obrecht and Melanie Perkins have seen high demand for secondary shares.on Friday, but it is understood the talks are in advanced stages, and will involve some of its Canva stake moving to Quadrant’s strategic equity fund.last year in a departure from its usual growth and buyout-led funds, where the firm takes control of a portfolio investment.
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