Mary Meeker's New Fund Chooses Australian Startup for Debut Deal
- Canva is valued at $2.5 billion after $70 million funding
- Aussie startup is led by 32-year-old female co-founder
This article is for subscribers only.
Mary Meeker, a fixture of Silicon Valley for her internet trends report, has chosen an Australian online design platform for the first investment by her new venture capital firm.
Meeker’s Bond Capital along with General Catalyst joined a $70 million funding round for Canva. The financing, also backed by existing investors Felicis Ventures and Blackbird Capital, more than doubles the Sydney-based startup’s valuation to $2.5 billion, it said in a statement.