Canva founders Cameron Adams (left), Cliff Obrecht (center) and CEO Melanie Perkins (right) now lead one of the world’s most valuable startups from Australia.
Canva
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 $1 billion annualized revenue run-rate by December 2021, the “vast majority” of that recurring subscription revenue. “Moving in…