'Truly special': Canva's valuation rockets to $19 billion

‘Truly special’: Canva’s valuation rockets to $19 billion
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Australian graphic design startup Canva has hit an on paper valuation of $US15 billion ($19.7 billion) after securing a new round of funding from major US investment funds.
The latest investment of $US71 million was led by US investment firm Dragoneer, Australian venture capital firm Blackbird Ventures, Scott Farquhar and Kim Jackson’s Skip Capital and US investment firm T. Rowe Price.
The milestone comes with Canva on track to turn over $US500 million this financial year, a 130 per cent increase, buoyed by the shift to remote collaboration driven by the coronavirus pandemic.

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