Canva nearly doubles valuation to $6B with new funding

Canva has raised $60 million in a round that values the Sydney-based company at $6 billion. The funding comes less than a year after the graphic design business raised $90 million at a $3.2 billion valuation in October, according to PitchBook data.

Co-founded in 2012 by CEO Melanie Perkins, Cameron Adams and Cliff Obrecht, Canva is backed by investors including Sequoia, Felicis Ventures and Blackbird Ventures. The company has more than 30 million users across 190 countries; it recently opened its first US office in Austin.

In 2019, Canva launched a workplace collaboration platform that allows designers to share tools and marketing materials. In response to the coronavirus outbreak, the company teamed with FedEx this month to create a digital design marketplace to help small and medium-sized businesses develop branding materials.

Source: Pitchbook

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