âTruly specialâ: Canvaâs 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 Jacksonâs 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.
Michigan business leaders want stimulus money spent to drive sustainable growth
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Truly special : Canva s valuation rockets to $19 billion
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The kaput King Kong that almost broke Jessica Lange
How a $2 million robot ape, a man covered in bear fur and a bruised and battered actress made one of the most maligned monster movies ever
The beauty that charmed the beast: Jessica Lange
Credit: Alamy
The 1976 remake of King Kong was sold on a never-before-seen, ground-shaking special effect: a 40ft, fully robotic ape.
Originally, the film was set to use a puppet-style model, but Dino De Laurentiis, the Italian producer behind the remake, was inspired by the publicity that Jaws had received for its mechanical shark. Visual effects artist Carlo Rambaldi, a two-time Academy Award-winner for his work on Alien and ET, was convinced he could create a huge animatronic ape for De Laurentiis.