Hostplus and Aware Super got a payday when Blackbird cashed in some of its share of Canva. But venture capital faces a fight to keep super money flowing.
On Tuesday, Canva found new investors – ICONIQ Capital and Coatue Management – as it pondered following Atlassian to a New York float.
Those investors, both from the United States, took a small stake from Blackbird Ventures – allowing Australia’s largest venture capital fund to pay back some of its backers. Those, it turned out, were some of the biggest names in industry superannuation: Hostplus and Aware Super.
Jessica SierNorth Asia correspondentJessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
