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Australia’s Canva Startup Almost Doubles Valuation to $6 Billion

relates to Australia’s Canva Startup Almost Doubles Valuation to $6 Billion
Photographer: Source: Canva

Graphic design software business Canva Inc. has raised private capital valuing the company at $6 billion.

The fresh round of $60 million in funding nearly doubles last year’s $3.2 billion valuation, and makes the Sydney-based startup the most valuable private technology business in Australia. The round was led by Blackbird Ventures and Sequoia China, with participation from existing backers including General Catalyst Partners, Felicis Ventures and Bond, Chief Operating Officer Cliff Obrecht said in an interview.