Company
Sydney, NSW
Every investor coverage indicates participated in a round Leonardo AI raised.
Investors whose own portfolio pages list Leonardo AI, even though we haven't found any coverage of the round yet.
The transaction that ended Leonardo AI's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Canva | Acquisition | 2024 | $300m+ | Startup Daily (30 Apr 2026), Startup Daily (17 Apr 2026), Blackbird Ventures, Startup Daily (9 Apr 2026), SmartCompany, Startup Daily (25 Mar 2026), Startup Daily (24 Feb 2026), Startup Daily (3 Apr 2025), Crikey |
Companies Leonardo AI acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Matt Wolfe | Advisor | Crikey |
Stories naming Leonardo AI. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Side Stage Ventures has reached a $40 million initial close on its $50 million second fund, backed by founders of earlier wins, while principal Elli Hanson steps up to partner.
Blackbird partner Tom Humphrey argues AI panic overstates the threat to software firms, sketching four stages from bolting on models to training them, and pointing to Canva's acquisitions and Springboards' new model as proof.
Also Crikey·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily
Canva has bought AI agent platform Simtheory and marketing software Ortto from the Sharkey brothers, who also founded Stayz — its fourth and fifth purchases this year, prices undisclosed.
Design company Canva has bought US marketing AI startup Mango.AI and UK animation platform Cavalry, its fifth acquisition in two years, adding their founders and a chief algorithms officer to its team.
Also Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily
Glitch Capital, a new $50m vehicle led by Leigh Jasper and backed by exited unicorn founders, has completed its first deal, backing Melbourne edtech firm Cadmus.
A Blackbird partner argues AI has revived vertical software by turning hard-to-sell customers into product-led buyers, noting the firm recently backed three such startups and recalling Aconex's sale to Oracle.
Also buildxact.com
Startup Daily reports Leonardo Ai's text-to-image tool was misused to create nonconsensual celebrity images, and recalls the Sydney company's $47 million raise backed by Blackbird, Side Stage Ventures and other investors.