More details about the Leonardo and Canva deal have been revealed by the AFR;
Canva paid $370M in a majority equity deal
Leonardo’s ARR in July was $15M USD, meaning they were acquired at a 16.6x multiple of their ARR
Blackbird investors will get $63.7M of Canva stock from their initial $16M investment into Leonardo
If you’re in Sydney I’ll be at the Startu…
