September 15 - 11:09
Australian design platform Canva reaches $40bn valuation
Australian graphic design tool startup Canva has become one of the world's biggest privately-owned companies after reaching a $40bn valuation in its latest funding round. The company has raised $200m in new private equity investment, which it plans to use to double its workforce within the next year. The founders intend to give away the vast majority of the stake to charitable causes.
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