Canva Raises At $40 Billion Valuation — Its Founders Are Pledging Away Most Of Their Wealth

Canva is now one of the world’s most valuable startups after raising $200 million in new funding at a $40 billion valuation.

The round, led by T. Rowe Price with Franklin Templeton, Sequoia, Bessemer Venture Partners, Greenoaks Capital, Dragoneer, Blackbird, Felicis and AirTree all participating, more than doubles the Australian design software company’s valuation in five months.

Canva’s already on a level few startups have reached — not just for a valuation second only to Stripe on the Forbes Cloud 100 list of top private cloud companies. Long profitable and cash-flow positive, Canva continues to more than double in sales, the company says, on pace to reach a

→ Continue reading at Forbes - Startups

More from author

Related posts

Advertisment

Latest posts

Tyk raises $35M for its open-source, open-ended approach to enterprise API management

APIs are the grease turning the gears and wheels for many organizations’ IT systems today, but as APIs grow in number and use, tracking...

Concreit closes on $6M to allow more people to invest in the global private real estate market

Concreit, a company that wants to open real estate investing to a broader group of people, announced today that it has closed $6 million...

New Zealand startup HeartLab raises $2.45M to bring heart scanning software to the US

New Zealand-based medtech startup HeartLab has raised $2.45 million in seed funding that it says will help the company expand its AI-powered heart scanning...