The Vayner Capital-backed visual design tool provider has secured funding at a $40bn valuation, five months after a $71m round.

Canva, an Australia-based graphic design software provider backed by advertising agency VaynerMedia, raised $200m yesterday at a $40bn valuation.

Investment manager T Rowe Price led the round, which included Franklin Templeton, Sequoia Capital Global Equities, Bessemer Venture Partners (BVP), Greenoaks Capital, Dragoneer Investments, Blackbird, Felicis Ventures and AirTree Ventures.

Founded in 2012, Canva has built freemium visual communications software that helps users without a graphic design background create media assets including illustrations, presentations, posters and videos. It also provides free…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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