Tech
Australian tech unicorn Canva used this pitch deck on its journey to a whopping $40 billion valuation
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- The Australian design unicorn Canva recently raised $200 million in fundraising.
- The Sydney-based startup’s valuation soared – from $6 billion to around $40 billion in a year.
- We got an exclusive look at the first pitch deck Canva used on the road to becoming a tech unicorn.
- Visit Business Insider’s homepage for more stories.
Canva, the Australian tech unicorn, recently raised $200 million in a fundraising round backed by Sequoia Capital, Bond, and General Catalyst — and sent its valuation soaring in the process.
The Sydney-based startup, dubbed the “design platform for nondesigners,” had previously been valued at $6 billion, but after its latest fundraising round, that jumped to a whopping $40 billion, making it one of the most valuable privately-held companies in the world.
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The new valuation comes as the number of Canva users continues to grow worldwide. More than 30 million people use the platform each month to design content, with about 80 designs made every second.
Now, amid the COVID-19 pandemic, the firm has reported a surge in users, with the number of people using Canva rising more than 50% since the start of the outbreak last year.
Still, Canva has faced skepticism from some observers in an era when the term “unicorn” — meaning a company worth more than $1 billion — attracts considerable buzz.
Forager Funds’ Steve Johnson told the Australian Financial Review in 2019 he preferred to know a company’s profit s, rather than its revenue, before investing in it.
“Canva may turn out to be one of the great ones that are undoubtedly there — it’s why there’s a bubble in tech valuations,” he said. “But would I rather pay $3 billion for something that’s still mostly promises, or $30 billion for something … that is established, profitable and owns its space? I’ll take the latter.”
Check out the first pitch deck Canva ever used to raise funds below:
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