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Canva Is Now Valued At $6Billion After Latest Funding Round

Melanie Perkins

The Australian graphic design software business Canva Inc. is now valued at $6billion after the latest funding round which is nearly double last’s year’s $3.2 billion valuation.

Pretty awesome for a company that began as a Sydney start up by CEO Melanie Perkins, Chief Operating Officer Cliff Obrecht and Cameron Adams in 2012.

The fresh round of $60 million was led by Blackbird Ventures and Sequoia China, with participation from existing backers including General Catalyst Partners, Felicis Ventures and Bond, Chief Operating Officer Cliff Obrecht told Bloomberg in an interview.

What is great about Canva is that it helps you create business decks, banners, logos, graphics and presentations for your social media, website or apps.

Canva operates what’s known as a freemium model, with some options you can use for free and others are available for a fee. It now has more than 1.5 million paying subscribers and more than 30 million monthly active users.

Canva - Three Women Wearing Turbands
Pic: Canva

Last year, the company acquired free content sites Pexels and Pixabay, adding more than 1 million stock photos, vectors and illustrations on to its platform.

Women Love Tech
Women Love Tech’s message created from a Canva template.

Canva recently released its biggest update to Canva Pro that will see users have access to millions premium images, thousands of videos along with a wide variety of audio tracks, and more than 3.5 million graphic elements. Read more below.

Robyn Foyster

Written by Robyn Foyster

Robyn Foyster is an award-winning journalist and former Editor-In-Chief of The Australian Women's Weekly. She is also the owner and publisher of Women Love Tech, Game Changers and The Carousel. Robyn is the owner and founder of a tech business called AR tech, where she helped create the world's first AR community shopping app called Sweep and her team produced the 2018 Vivid app. She is a speaker and a judge of the Telstra Business Awards and Mumbrella Awards. Robyn is passionate about supporting women in STEM.

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