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Australia's Blackbird raises $640m in nation's largest VC fund

Company is key investor in graphic design platform Canva

Sydney-based Blackbird says it has backed over 100 startups. (Source photos by AP and courtesy of Blackbird) 

CEBU, Philippines -- Australian venture capital firm Blackbird announced it has raised 1 billion Australian dollars ($640 million) for a new fund that will invest in general companies in Australia and New Zealand.

The investor, whose portfolio includes graphic design platform Canva and robotics company Zoox, said the vehicle is Australia's largest fund to date and double the size of its last fund, for which raising closed in August 2020.

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