Founded in 2012, Canva is an Australian graphic design platform that provides users with a variety of tools to create, share and print their own designs. With both free and paid plans, the platform has gained immense popularity since its launch. It has been estimated that Canva currently has over 15 million users, who have created over 3 billion designs.
Canva’s growth has been nothing short of remarkable. The company recently announced that it had raised $85M in its Series B funding round. This brings Canva’s total funding to $165M, with investors such as Hollywood actress Reese Witherspoon and Silicon Valley venture firm Sequoia Capital.
The latest funding round values Canva at an impressive $3.2 billion. This is more than double the company’s previous valuation of $1.5 billion and cements its status as one of Australia’s most valuable startups.
Canva’s success can be attributed to its focus on making graphic design accessible to everyone – from professional designers to amateurs. The platform provides users with a wide range of templates, fonts, icons and illustrations, allowing them to quickly create engaging visuals for their projects.
This user-friendly approach has made Canva popular with businesses as well as individuals who want to create professional-looking designs without having to learn complicated software or hire a designer.
What Is Canva Current Valuation?
Canva’s current valuation stands at $3.2 billion after raising $85M in Series B funding. This makes it one of Australia’s most valuable startups and puts it on track to become a major player in the global design industry.
Canva’s current valuation stands at an impressive $3.2 billion, making it one of Australia’s most valuable startups and putting it on track for continued success in the global design industry.