Funding round
Canva Growth
Reported as "Growth Equity"
Canva, which works in visual content creation and publishing in Surry Hills, raised $71M in a Growth round announced on 6 Apr 2021, led by T Rowe Price and Dragoneer Investment Group, at a $15.00B post-money valuation. 4 firms took part. It is Canva's seventh venture round on record; the one before was a Growth in Jun 2020.
$71M
Amount raised
$15.00B
Post-money valuation
$14.93B pre-money
4
Investors
2 leads
2.5x
Step-up from the Growth
$6.00B in Jun 2020
under 1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Canva at $15.00B after the new money, 2.5 times the $6.00B of its Growth (Jun 2020). The $71M bought investors about under 1% of the company. It came 10 months after Canva's Growth. It is 13% of the $544M Canva has raised in the venture rounds on record. Canva raised again 5 months later: a Growth round of $200M in Sep 2021, at $40.00B post-money.
Canva's funding rounds
Canva has 8 venture rounds on record and 2 other deals. This one is highlighted.
- Seed 20 Mar 2013 $3.0M
- Other not a venture round 21 Jul 2014 $3.6M
- Other not a venture round 4 May 2015 $6.0M
- Series A 6 Oct 2015, led by Felicis $15M$165M post-money
- Growth 9 Jan 2018 $40M$1.00B post-money
- Growth 20 May 2019, led by General Catalyst and BOND $70M$2.50B post-money
- Series E 16 Oct 2019, led by BOND $85M$3.20B post-money
- Growth 22 Jun 2020, led by Blackbird and HSG $60M$6.00B post-money
- Growth this round 6 Apr 2021, led by T Rowe Price and Dragoneer Investment Group $71M$15.00B post-money
- Growth 14 Sep 2021, led by T. Rowe Price $200M$40.00B post-money
Investors
Who put money in
T Rowe Price and Dragoneer Investment Group led the round with 2 other firms.
Lead investors
- T Rowe Price new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
Also in the round
- backs 101 venture-backed companies new investor
- backs 30 venture-backed companies new investor
Comparable rounds
How it compares
391 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $58M, and this round was 1.2 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| G42 Tech Companies | 14 Apr 2021 | $800M | not disclosed | Silver Lake |
| ShareChat Tech Companies | 8 Apr 2021 | $502M | $2.10B | not named |
| Mavenir Tech Companies | 21 Apr 2021 | $500M | not disclosed | Koch Strategic Platforms |
| Tech Companies | 8 Apr 2021 | $200M | not disclosed | Sumeru Equity Partners |
| Tech Companies | 20 Apr 2021 | $173M | not disclosed | Insight Partners |
| Druva Tech Companies | 19 Apr 2021 | $147M | $2.00B | La Caisse |
| Tech Companies | 29 Apr 2021 | $130M | $1.20B | Blackstone |
| Keyfactor Tech Companies | 15 Apr 2021 | $125M | not disclosed | Insight Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Canva raise in its Growth round?
Canva raised $71M in its Growth round, announced in Apr 2021.
Who led Canva's Growth round?
T Rowe Price and Dragoneer Investment Group led it, with Blackbird and Skip Capital.
What was Canva's valuation at the Growth round?
$15.00B post-money ($14.93B pre-money).
How does it compare with other Growth rounds in Tech Companies?
391 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $58M, and this round was 1.2 times the median.
Did Canva raise again after this round?
Yes: a Growth round in Sep 2021 of $200M at $40.00B post-money.