TLDR:
Key points:
- Canva’s success compared to a champion racehorse, Winx
- Blackbird’s investment in Canva and the potential returns
In the article “Horses for courses: why Canva is Blackbird’s Winx moment,” Simon Thomsen discusses the remarkable success of Canva, a software design business, likening it to the champion racehorse Winx. Blackbird made its first investment in Canva in 2013, and since then, the company has raised over $770 million across multiple rounds of funding, reaching a valuation of $39 billion. Blackbird’s investment in Canva has resulted in significant returns, with the potential for even more as the company looks to list publicly in 2026.
The comparison to Winx highlights the idea that backing something different can lead to significant rewards. Canva’s success has not only generated returns for investors but has also created belief in innovation and what’s possible. The article touches on Blackbird’s role in supporting Canva and how the success of the company could impact the venture capital ecosystem in Australia. With the potential for more strong companies to follow in Canva’s footsteps, there is optimism for continued growth in the startup ecosystem.
Overall, the article emphasizes the importance of backing unique and innovative ideas, as demonstrated by Canva’s success and its potential to reshape the landscape of venture capital in Australia.
