Canva gathers $70m funding in deal that values Australian unicorn at $2.5b

Canva gathers $70m funding in deal that values Australian unicorn at $2.5b

Melanie Perkins, co-founder and CEO, Canva

Mary Meeker, a fixture of Silicon Valley for her internet trends report, has chosen an Australian online design platform for the first investment by her new venture capital firm.

Meeker’s Bond Capital along with General Catalyst joined a $70 million funding round for Canva. The financing, also backed by existing investors Felicis Ventures and Blackbird Capital, more than doubles the Sydney-based startup’s valuation to $2.5 billion, it said in a statement.

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