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The Australian design unicorn Canva recently raised $60 million in fundraising — doubling its valuation to a massive $6 billion.
The Sydney-based startup — known as the design platform for nondesigners — boasts more than 30 million users in businesses and schools around the world.
Canva has faced skepticism from some investors who want to see the profit margins to accompany its ballooning valuation.
We got an exclusive look at the first pitch deck Canva used on the road to becoming a tech unicorn.
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Canva, the Australian tech unicorn, recently raised $60 million in a fundraising round backed by Sequoia Capital, Bond, and General Catalyst — and doubled its valuation in the process.
The Sydney-based startup, dubbed the “design platform for nondesigners,” had previously been valued at $3.2 billion, but after its latest fundraising round, that jumped to a whopping $6 billion.
The new valuation comes as the number of Canva users continues to grow worldwide. More than 30 million people use the platform each month to design content, with about 80 designs made every second.
Now, amid the COVID-19 pandemic, the firm has reported a surge in users, with the number of people using Canva rising more …read more
Source:: Businessinsider – Tech