Rich Listers sell their tech firm Envato for $375m

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 (a business that has not taken on external funding).