Melbourne-based digital assets marketplace Envato, founded by Rich Listers Cyan and Collis Ta’eed, will be acquired by New York-listed Shutterstock for $US245 million ($375.2 million) cash.
Previously valued at more than $1 billion by the Financial Review Rich List, Envato is one of Australia’s most successful bootstrapped private tech companies, meaning it has not taken on external funding.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
