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Canva co-founder Melanie Perkins. Source: supplied. While Australia tends to be a laggard in company value creation compared to the US, Germany and even Israel, the last decade has seen the creation of three Australian giants. Afterpay didn’t exist in 2014 and Canva is less than a decade old. Yet Atlassian founded in 2002 is valued at more than $70 billion, Afterpay almost $35 billion and Canva $19 billion. If Atlassian was listed in Australia (rather than on the NASDAQ), it would be our seventh largest public company by market value. To be clear, we’re talking valuations, not profit or even revenue. And we’re in the midst of a fairly gigantic bubble, led by the US global tech behemoths, so there’s every chance Atlassian and Afterpay’s valuations may not be sustainable (the founders of these businesses seem to agree, with all shrewdly selling plenty of stock in the past year). ....
Canva co-founder Melanie Perkins. Source: supplied. Aussie unicorn and design tech darling Canva has secured another US$71 million ($92.5 million) in funding, more than doubling its valuation to US$15 billion ($19.5 billion). The capital comes from new investors including T. Rowe Price Global Technology Fund and Dragoneer Investment Group, as well as repeat backers such as Blackbird and Skip Capital. The fresh funding and new valuation also comes off the back of a year of strong growth for the Aussie unicorn, which has seen a 130% increase in revenue, year-on-year. Recently, it surpassed the milestone of $500 million in annual revenue. And, according to a statement, it had achieved this growth while also remaining profitable. ....