Australia’s Canva, a provider of design and publishing tools, on Tuesday announced it has raised a fresh $71 million investment that values the company at $15 billion.
US investment firms Dragoneer and T. Rowe Price are new investors in the funding round. Local media reports stated that existing investors Australian venture capital firm Blackbird Ventures and Skip Capital also participated.
The investment has brought the total capital raised by Canva to almost $390 million, according to reports.
Other backers of the business include US funds such as Bessemer Venture Partners, Sequoia Capital, General Catalyst and Felicis Ventures.
Canva claims it remains profitable, achieving a 130% year-over-year increase in annualised revenue which has surpassed $500 million. The company has also surpassed more than 55 million monthly active users.
Canva also launched a suite of new features for its flagship workplace product, Canva Presentations, including workplace templates, live presentations, mobile-first presentations, charts and infographics, and others.
The work suite of features is backed by the seven-year-old company’s content library of more than 9,000 presentation templates and over 100 million ingredients for design including photos, videos, audio tracks, and illustrations.
Presentations have become the company’s fastest-growing use case, with more than 250 million created to date and 85% of Fortune 500 companies embracing Canva, the company said.
“As the world moves towards an increasingly visual and distributed environment, so does the demand for collaborative platforms that enable everyone to embrace visual communication,” Canva said in a statement.