“Billions upon billions of dollars is more than anyone needs in their entire lifetime by a longshot,” Ms Perkins said. “It’s not often that you have the right idea,at the right time with the right,incredible team,and with the right investors who believe in your vision.”
“But it’s not just a huge opportunity we really truly feel like it is a huge responsibility,one that weighs really heavily on us,and doing the most good we can do is something that we think about a lot.”
Canva’s capital raise was led by investment firms T. Rowe Price,Franklin Templeton,Sequoia,Bessemer Venture Partners,Greenoaks Capital,Dragoneer,Felicis Ventures and Australian venture firms Blackbird Ventures and AirTree Ventures.
Having more than doubled its valuesince its previous capital raising in April,it’s now the world’s fifth most valuable startup after TikTok owner ByteDance,payments fintech Stripe,Elon Musk’s space travel venture SpaceX and buy now,pay later firm Klarna Bank,according to data from research firm CB Insights.
Canva was launched byMs Perkins,Mr Obrecht and Cameron Adams in 2013 with the aim to allow anyone to easily design products such as greeting cards,posters,websites and presentation slides.
Eight years on,the high-flying startup has 60 million users across 190 countries and claims it has annualised revenue of $US700 million.