DesignCrowd founder and chief Alec Lynch. Source: supplied.
Sydney startup DesignCrowd has raised $10 million in funding as it ramps up investment in its BrandCrowd DIY design offering for small businesses, and takes on Aussie behemoth Canva.
The funding round includes investment from Perennial Value Management, Alium Capital, Ellerston Capital, Regal Funds Management and CVC.
Founded back in 2007, DesignCrowd is a marketplace platform connecting small businesses with freelance designers who can whip up logos, T-shirts, flyers or websites.
Over the past couple of years, the business has been focusing time and investment on its BrandCrowd product, which allows business owners to design their own assets.