The fresh funding follows Canvabanking $US70 million from investors in May this year and brings the total amount it has raised since launching to $US225 million.
"We hadn't anticipated raising another round in such short succession,"co-founder Melanie Perkins toldThe Age andThe Sydney Morning Herald."We're in a really fortunate position in that we've continued to be profitable."
Venture capital investors who back tech start-ups typically demand protections to limit their downside risks,including through structures such as liquidation preferences. This means valuations for companies such as Canva are not directly comparable to those of listed companies.
Canva,which Ms Perkins founded in 2013 with Cliff Obrecht and Cameron Adams,aims to allow anyone to easily design products including greeting cards,posters,websites and presentation slides.
Ms Perkins said the additional investment will fund the company's foray into the enterprise market and enable the startup to put more resources into its presentations product,which she describes as an alternative to"death by Power Point".
Canva for Enterprise is aimed at large businesses seeking to create products in line with their branding.