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

Melanie Perkins, boss of Canva

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.

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’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: A multi award-winning journalist and editor and experienced executive, Robyn Foyster has successfully led multiple companies including her own media and tech businesses. She is the editor and owner of Women Love Tech, The Carousel and Game Changers. A passionate advocate for diversity, with a strong track record of supporting and mentoring young women, Robyn is a 2023 Women Leading Tech Champion of Change finalist, 2024 finalist for the Samsung Lizzies IT Awards and 2024 Small Business Awards finalist. A regular speaker on TV, radio and podcasts, Robyn spoke on two panels for SXSW Sydney in 2023 and Intel's 2024 Sales Conference in Vietnam and AI Summit in Australia. She has been a judge for the Telstra Business Awards for 8 years. Voted one of B&T's 30 Most Powerful Women In Media, Robyn was Publisher and Editor of Australia's three biggest flagship magazines - The Weekly, Woman's Day and New Idea and a Seven Network Executive.

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