Canva, the online graphic design service based in Australia, has jumped to being one of the top 5 most valuable start-ups in the world. The company disclosed a fresh round of $200 million in private equity investment.
The platform has seen a significant uptick in its user base following the coronavirus pandemic lockdowns that made working from home a necessity. Canva is used in creative, marketing, and media domains to create visuals and graphics.
"From large enterprises to small businesses, the shift to distributed working has seen team adoption more than quadruple over the last 12 months” it said in a press release.
On 14th September, Wednesday, the firm stated that it had grown to more than 60 million users is 190 countries. Among its clients are companies such as Zoom, Salesforce, PayPal, Marriot, and American Airlines. According to business data company CB Insights, Canva is now fifth behind ByteDance, Stripe, SpaceX, and Klarna in the world’s most valuable start-ups.
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