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    Software firm Canva valued at $15 billion after raising $71 million

    Synopsis

    Canva offers an online design and publishing tool with templates for presentations, social media graphics and posters, among others.

    Canva PresentationsETtech
    Image Source: Canva
    Australian software firm Canva on Tuesday said the company's valuation had more than doubled to $15 billion following an investment of $71 million.

    Sydney-based Canva, launched in 2013, offers an online design and publishing tool with templates for presentations, social media graphics and posters, among others.

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    Canva, which has more than 55 million monthly active users, said it achieved a 130% year-over-year rise in annual revenue, while remaining profitable.

    Canva, which in June last year had said it was valued at $6 billion, counts American Airlines, Intel and PayPal among its customers, according to the company website.
    The Economic Times

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