In 2013, after its launch, Canva began to raise money from a variety of sources. This included venture capital and angel investing.
The company’s first round of funding was led by Blackbird Ventures, with the participation of other investors such as Matrix Partners, Felicis Ventures and SV Angel. This first round of funding was for $3 million.
In 2014, Canva raised an additional $15 million in a Series A funding round led by Sequoia Capital. The additional funds enabled Canva to expand its team and develop more features for their platform. They also used this money to further refine their product and to expand into new markets.
In 2015, Canva raised another $20 million in a Series B funding round led by Matrix Partners and Felicis Ventures. This additional capital enabled Canva to make further investments in technology and marketing, as well as grow their customer base.
In 2016, Canva raised an additional $40 million in a Series C funding round led by Bessemer Venture Partners and Felicis Ventures. This latest investment enabled Canva to further invest in product development, marketing initiatives and international expansion strategies.
Canva has also received direct investments from Richard Branson’s Virgin Group, Microsoft co-founder Paul Allen’s Vulcan Capital and actor Ashton Kutcher’s Sound Ventures as well as other venture capital firms such as Stripes Group, GV (formerly Google Ventures), Sunsuper and AirTree Ventures.
Overall, the company has raised more than $90 million over the course of three years through venture capital investors and direct investments from prominent individuals such as Richard Branson and Ashton Kutcher. This money has allowed them to invest in their product development efforts, marketing initiatives and international expansion strategies which have been instrumental in helping them become one of the most popular online graphic design tools today.
Conclusion:
Canva has been successful at raising money from a variety of sources including venture capital firms and direct investments from prominent individuals like Richard Branson and Ashton Kutcher which have allowed them to make significant investments into their product development efforts, marketing initiatives and international expansion strategies which have enabled them to become one of the most popular online graphic design tools today.