Quadrant swoops on $100m Canva stake in Blackbird sale

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.

The fund-to-fund transaction, which is yet to close, is separate to an ongoing $US1.5 billion ($2.26 billion) secondary share sale already under way at the design software giant, and includes shares held in some of Blackbird’s earliest funds.