Canva has raised $40 million in funding to fuel its growth and enhance its design platform, achieving a $1 billion valuation.

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Canva, an innovative online design and publishing platform, has emerged as a prominent startup unicorn from Australia, recently achieving a valuation of $1 billion following a successful $40 million funding round. The platform is now accessible across all operating systems in 190 countries and has been launched in its 100th language. With over 13 designs being created on Canva every second, the company continues to expand its reach and influence in the design space.

Under the leadership of CEO and Co-founder Melanie Perkins, Canva has maintained profitability while strategically seeking additional capital to accelerate its global initiatives and enhance its core product offerings. The recent funding round has seen participation from Sequoia China, alongside existing investors Blackbird Ventures and Felicis Ventures, indicating strong investor confidence in Canva’s growth potential.

Industry Overview in Australia's Design Sector

The design industry in Australia has experienced significant transformation, driven by a growing demand for accessible design solutions. As businesses and non-profits alike recognize the necessity