Venture Capital: Graphic Design Platform Canva Nabs $200M At Massive $40B Valuation

September 15, 2021 | News, Venture Capital

Canva is now the fifth-most valuable startup in the world.

Australian graphic design platform Canva raised $200 million in a round led by global investment firm T.Rowe Price and included participation by Franklin Templeton, Sequoia Capital Global Equities, Bessemer Venture Partners, Greenoaks Capital, Dragoneer Investments, Blackbird, Felicis, and AirTree Ventures. The startup doubled its valuation over the last five months to $40 billion. (BBC)

Globally, Canva now ranks as the fifth most valuable startup – behind China’s ByteDance, which owns TikTok, payment platform Stripe, Elon Musk’s rocket company SpaceX and Swedish financial technology firm Klarna.


Founded in 2013 by Australians Melanie Perkins, (pictured above), Cameron Adams, and Cliff Obrecht. Canva provides design tools for individuals and enterprises.

The firm now has 60 million customers in 190 countries of which 500,000 are paying customers. Enterprise clients include Zoom (NASDAQ: ZM), Salesforce (NYSE: CRM), Paypal (NASDAQ: PYPL), Marriott International (NASDAQ: MAR) and American Airlines (NASDAQ: AAL).

Canva expects to clock revenue of $1 billion by the end of 2021. It became profitable in 2017 and currently has around 2,000 employees, double from a year ago.

“From large enterprises to small businesses, the shift to distributed working has seen team adoption more than quadruple over the last 12 months,” the company said in a statement, referring to the number of companies taking up its software.

Richest founders in Australia

The latest valuations puts the co-founders among the top 10 richest people in Australia.

According to Forbes, Perkins and Obrecht each own about 18% of the company, and Adams 9%.

Canva’s latest valuation tag implies that Perkins and Obrecht are individually worth over $6 billion, while Adams’ stake is valued over $3 billion.

Related Story: OLIO, Which Enables Food To Be Shared, Raises $43M

Image of Canva Co-Founder Melanie Perkins: Canva

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Digital Assets: Bitcoin Miner Genesis Digital Lands $431M To Expand Operations
September 22, 2021     Digital Assets, News, Venture Capital

Genesis Digital Assets, which runs 2.4% of the bitcoin mining network, has announced a $431 million raise led by Paradigm. Claimed to be the largest ever achieved by a bitcoin…
Artificial Intelligence: AI To Help Survey For Endangered Bats Under Bridges
September 22, 2021     Artificial Intelligence, News

Hundreds of thousands of bats from about 40 species routinely nest under US bridges, and many of them are endangered or threatened. Transportation departments must mandatorily check for them before…
Artificial Intelligence: AI Cameras In Amazon Delivery Vehicles Unfairly Penalize Drivers
September 21, 2021     Artificial Intelligence, News

Amazon (NASDAQ: AMZN) installed AI-powered cameras in its delivery fleet in February as an investment in safety technology across its operations. The company said at the time the system would…
FinTech: Assets, A New Product From Wise, Lets You Spend From Your Stocks Portfolio
September 21, 2021     FinTech, News

Wise (LON: WISE), the UK payments fintech previously known as TransferWise, has taken its first steps into investing solutions. Its Assets product allows users to invest in stocks but also…