There are so many people using Canva around the world that its value has multiplied dramatically in just a few years.
The pandemic has further accelerated growth, and they now have a new round of private equity investment of $ 200 million, more than double the company’s value in five months.
Analysts say we are looking at one of the most valuable startups in the world. In fact, business data provider CB Insights claims that Canva’s $ 40 billion valuation makes it the fifth most valuable start-up in the world, behind China’s ByteDance, which owns TikTok, the payment platform Stripe, Elon Musk’s rocket company SpaceX and Swedish fintech company Klarna.
The founders are already among the 10 richest people in Australia: Melanie Perkins, 34, and Cliff Obrecht, 35. They own about 36% of the company, according to Forbes.
Now they announce that they intend to give away 30% of the company’s wealth to charitable causes.
They have more than 60 million users in 190 countries, with 500,000 paying customers, customers who use the platform to create arts of various kinds (like many of the WWWhatsnew headlines, for example).
Canva has also doubled its workforce this year, hiring more than 1,000 new employees in 2021.
Although it was born in 2013, it was only profitable in 2017, but in 2018 it already achieved a valuation of one billion dollars.