Thursday, 28 October 2021 03:04 GMT

Tech firm Canva esteemed at USD40B after investment increase

(MENAFN) On Wednesday, Sep. 15 Australian virtual design platform Canva is currently esteemed at USD40 billion, after making a huge fresh package of investments, one of the firm’s creators stated.

The Sydney-located company established in 2013 and lets clients create and design everything from T-shirts to business cards.

It is progressively employed by big firms as a method to start joint design schemes. Melanie Perkins, co-founder said Wednesday the company had raised an additional USD200 million from institutional shareholders like T. Rowe Price and Franklin Templeton.

"We're excited to share Canva is now valued at $40 billion USD," she wrote in a blog post. "This milestone is a huge vote of confidence in what we're doing and where we're going."

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