Graphic design platform Canva valued at $2.5B with new funds –
Summary
Canva, an Australian-headquartered business, has raised another $70 million to expand its graphic design platform. The round, which values the company at a massive $2.5 billion, brings its total raised to $166 million. “The Canva team are building their platform around three trends – content, community and commerce – that we’ve been observing in some of the world’s fastest growing companies,” Meeker, an investor in Slack, Airbnb and more, said in a statement. “With its global user base of more than 15 million monthly active users, Canva is a clear leader providing a platform that empowers users to create compelling, data-rich visuals and gain design fluency through collaboration and feedback.” The news comes mere days after the provider of design and publishing tools acquired the free stock image providers Pexels and Pixabay and launched a new subscription service for its premium image marketplace, Photos Unlimited. “We’ve seen incredible uptake from millions of people all around the world, with organizations of all sizes, from small businesses to Fortune 500s, using Canva every day.”
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