returned

Fintech

Canva helps Airtree Ventures maintain majority stake as first fund yields promising returns

Airtree Ventures already returned its first fund thanks to Canva while maintaining the majority of its stakeVenture secondaries has exploded over the last couple of years. While some firms have used the increase in activity to build up their positions in their most promising portfolio companies, Airtree Ventures is taking advantage of the momentum a little differently. So in 2021 Airtree started seeking out alternative ways to get liquidity for some of their earliest stakes, Blair said. Airtree got a 1.4x return on Fund I from this transaction alone and was able to maintain the majority of their original stake. They aren’t wrong, and Blair acknowledges that when a company does eventually exit, Airtree makes less money off of it because of this strategy.

Ava Patel
April 11, 2024
1 Comment

Enterprise, Fintech, Startups, Venture

“Throne, the Rising Wishlist Startup, Successfully Returns Investor Funds”

Throne, which lets fans gift items to creators from their wishlist, is launching a new gifting portal for family and friends called Happy Wishlist. The co-founders started exploring the idea of Throne when some of their creator friends talked about issues like creating a P.O. Fans can gift creators items from that list. While the company was about to raise Series A, it decided to turn towards profitability and returned the investor money by December 2023. Essentially, Throne is diversifying its revenue sources already — instead of raising money, it wants to make money.