Canva, an Australian graphic design platform used to create social media graphics, presentations, posters, documents and other visual content, officially hit a $40 billion valuation last month.
This comes following its latest funding round where it raised $200 million, which it plans to use in accelerating its continued growth, including expanding the internal team of more than 2,000 employees.
The company’s valuation shot up nearly seven times over from its June 2020 post-funding valuation of $6 billion. Canva’s surge in valuation comes as it marks the milestone of:
- 60+ million monthly active users in 190 countries,
- 7+ billion designs created with Canva, and
- 800,000+ templates to create images for social media and online businesses without hiring a graphic designer.
Since reporting the remarkable post-funding valuation, the company has kept investors interested in potential Canva stock. There have been no public announcements or official plans for the Canva IPO as of yet. For the time being, the company is still private and does not have publicly traded stock.
According to CFO Tech, Canva plans to expand its portfolio of visual communication products over the next 12 months, with a new video editor, responsive website creator, and offline mode set to launch later this year.
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