Home Startups Startups News Australian unicorn, Canva, valued at US$2.5B with new funds

Australian unicorn, Canva, valued at US$2.5B with new funds

Posted on:

Reading Time:    1 min read

- Advertisement -

Canva, an Australian-headquartered startup, has raised another US$70 million to grow its graphic design platform. This round, which values the company at a massive US$2.5 billion, brings its total raised amount to US$166 million.

US-based venture capital firm, Bond Capital, participated in the round, along with existing investors Felicis Ventures and Blackbird Ventures. As such, Canva becomes Meeker’s first bond-specific portfolio company.

The startup plans to use the newly acquired funds to launch a product focused on more prominent clients and brands, Canva Enterprise, which has more features on top of what the platform currently can offer. This new platform will give businesses additional brand control and collaboration.

This news came only days after Canva acquired the free stock image providers, Pexels and Pixabay, rolling out a new subscription service for its premium image marketplace known as Photos Unlimited.

Felicia Calle
Felicia Calle
Australia | Felicia's fascination with tech began in the 90s, and she loves to update readers on the best tech deals on the internet. When she’s not writing, you’ll find her travelling around the world.

Related Reads

Featured Read

Here’s What to Expect at SITEX 2018 Happening at Singapore EXPO This Week!

Singapore's only Consumer Lifestyle IT Exhibition is once again happening at Singapore EXPO this week, just in time for Christmas and the festive seasons....

 Submit a Story

Do you have a story to share? We will help you inspire, connect, and celebrate with our thoughtfully vibrant community. Click here to find out more!

 Latest Stories

5 big social media trends in 2019 [Infographic]

Just by being active on social media, or consistently engaged in social media marketing is not enough. You need to stay...

India’s CityFurnish raises US$5M Series A

Cityfurnish, an India-based online rental marketplace for furniture and consumer appliances, has bagged US$5 million in a Series A round from...

Mozilla Firefox now stops websites from tracking users, including Google Analytics

After more than a year ramping up its privacy protections, Firefox will now stop thousands of web trackers by default, preventing...

Singapore’s healthtech startup, Plano, bags undisclosed sum from billionaire, Peter Lim

Singapore-based healthtech startup, Plano, has raised an undisclosed amount in a series A funding round from several investors, including a seven-figure...

Bytedance invests more than US$182M in Chinese sports platform, Hupu

Leading Chinese sports commentary and news platform, Hupu, has raised US$182 million from Bytedance, the Chinese operator of several machine learning-enabled...

Send this to a friend