Morgan Stanley Investment Management and Schroders participated in Blackbird Ventures’ $750 million fundraise, with the Australian VC famous for its early $250,000 investment in Canva in 2013. The graphic design platform, now valued at $42 billion, saw a 17% markdown by mid-2026. Blackbird generated over $2.25 billion in realized returns and a 32% net internal rate of return across its portfolio, deploying more than $3 billion into over 190 companies. The addition of these two global institutional investors marks Blackbird’s push to internationalize its LP base, which was historically dominated by Australian superannuation funds.
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