Canva's valuation increased to $40 billion
Canva has raised about 753 million euros in several venture capital rounds since its inception. Among the most prominent firms that have invested in Canva are T. Rowe Price, Softbank, Blackbird Ventures and Felicis Ventures. And that are just a few of the big venture capital firms.
In September, Canva's capital increased by another $200 million. Thus, the company has received a valuation of $40.
At the same time, this round of funding came just 5 months after the previous one, in which Canva was valued at $15 billion. This means that Canva has almost tripled its valuation in half a year. Right after ByteDance, Stripe, SpaceX, and Klarna, these statistics put Canva in fifth place in the list of the most valuable startups in the world.
In the future, Canva's business will continue to grow. Currently, the company is valued with a revenue multiple of 40. Especially the low prices of the premium features, the loyal users of the platform and the expansion in the international area provide for this impressively high revenue multiplier.
However, you should note that such a high multiplier is by no means unusual for most software companies. For example, the company Snowflake has a projected revenue multiple of 96, and Airbnb has one of 14.
Canva ASX IPO expected in 2022
Most startups go public after a Series E funding round. Canva, however, has long passed that point. And to date, the company has not announced any concrete plans that point to an IPO in Australia.
But Canva's $40 billion valuation will naturally pique the interest of investors around the world once Canva announces its IPO intentions. Financial analysts are sure that you can still expect to invest in Canva in 2022.