AAA Dribbble negotiates Creative Market purchase

Dribbble negotiates Creative Market purchase

Creative Market, a US-based online design assets marketplace spun out of design software producer Autodesk, has been acquired by online design community Dribbble for an undisclosed figure, TechCrunch reported on Thursday.

Creative Market was originally founded in 2012 before being acquired by Autodesk two years later for an undisclosed amount. The corporate subsequently spun out the business again in 2017 with $7m in series A funding, retaining a minority stake.

Accomplice led the series A round, which also included Palm Drive Capital and several angel investors.

The company earlier received $1.3m in a funding round in 2012 backed by SV Angel, Tuesday Capital (then known as CrunchFund), Longworth, Ludlow Ventures, Atlas Ventures, Morado Ventures, 500 Startups, Seraph Group, Zelkova Ventures and unnamed additional backers.

Creative Market and Dribbble will retain their respective brands and staff, including Chris Winn as chief executive of the former. Together, the platforms will have 12 million monthly active users.

Dribbble is a bootstrapped, profitable company with no intentions to seek external funding or an acquisition, though chief executive Zack Onisko revealed the company had been approached by several interested parties.

By Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.

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