Canva-backer Blackbird raises Australia's biggest VC fund at $640m

Canva-backer Blackbird raises Australia's biggest VC fund at $640m

The Blackbird Ventures team

Australian venture capital firm Blackbird announced that it raised A$1 billion (about $640 million) for a new fund that will invest in general companies in Australia and New Zealand.

The venture investor, which counts Canva and robotics firm Zoox in its portfolio, said the fifth fund is Australia’s largest fund to date and doubles the size of the fourth fund that closed in August 2020.

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