Canva is a user-friendly graphic design tool that is taking the design world by storm. The company has been valued at $1 billion and is now one of Australia’s most valuable startups. Canva is used by millions of people around the world, from businesses to individuals, and its user base is growing every day.
Canva was founded in 2012 by Melanie Perkins, Cliff Obrecht, and Cameron Adams. The company is based in Sydney, Australia, and has raised over $300 million in funding from investors such as Sequoia Capital, Felicis Ventures, and Matrix Partners.
Canva’s mission is to make design simple for everyone. The company’s user-friendly platform makes it easy for anyone to create beautiful designs, regardless of their experience or skill level.
Canva offers a wide range of templates for users to choose from, as well as a library of over 1 million photos and illustrations. Users can also upload their own photos and images.
Canva’s success is due in part to its focus on accessibility and affordability. The company offers a free version of its platform, as well as a paid subscription for those who want access to more features. Canva is also available in over 190 countries, making it one of the most widely-used design tools in the world.
The company has been profitable since 2016, and its revenue has been growing at a rapid pace. In 2018, Canva generated $115 million in revenue, up from $48 million in 2017. This growth is expected to continue, with Canva projecting revenue of $400 million by 2020.
Canva’s valuation has been steadily increasing since its inception. In 2013, the company was valued at $15 million.
By 2015, this had increased to $345 million. And in 2018, Canva reached a valuation of $1 billion after raising $100 million in funding from Sequoia Capital at a valuation of $3.2 billion.
Canva’s rapid growth and high valuation are due to its strong financial performance and bright future prospects. The company is well-positioned to capitalise on the growing demand for design services globally. With its user-friendly platform and wide range of features, Canva is poised to become the go-to design tool for businesses and individuals alike.
How Much Is Canva Worth Now?
Canva is worth $1 billion now.
