Funding round
Canva Seed
Canva, which works in visual content creation and publishing in Surry Hills, raised $3.0M in a Seed round announced on 20 Mar 2013. 5 firms took part. It is Canva's first venture round on record.
$3.0M
Amount raised
Not disclosed
Post-money valuation
5
Investors
no lead named
Valuation
What this round says about the price
Canva did not disclose a valuation in this round. It is Canva's first venture round on record, in the year it was founded (2013). It is under 1% of the $544M Canva has raised in the venture rounds on record. Canva raised again 31 months later: a Series A round of $15M in Oct 2015, at $165M post-money.
Canva's funding rounds
Canva has 8 venture rounds on record and 2 other deals. This one is highlighted.
- Seed this round 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 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
5 firms took part; no lead investor was named.
Investors
- Matrix Partners new investor
- InterWest Partners new investor
- 500 Global backs 327 venture-backed companies new investor
- Commercialisation Australia new investor
- backs 55 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
191 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.2M, and this round was 2.5 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 18 Mar 2013 | $1.1M | not disclosed | Rincon Venture Partners |
| Tech Companies | 1 Mar 2013 | $1.0M | not disclosed | not named |
| Tech Companies | 1 Mar 2013 | $1.0M | not disclosed | not named |
| Tech Companies | 29 Mar 2013 | $750K | not disclosed | Fortify Ventures |
| Tech Companies | 1 Mar 2013 | $655K | not disclosed | not named |
| Tech Companies | 6 Feb 2013 | $3.0M | not disclosed | not named |
| Tech Companies | 16 Apr 2013 | $2.8M | not disclosed | OpenOcean |
| Tech Companies | 8 Feb 2013 | $2.5M | not disclosed | CincyTech |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Canva raise in its Seed round?
Canva raised $3.0M in its Seed round, announced in Mar 2013.
Which investors took part in Canva's Seed round?
Matrix Partners, InterWest Partners, 500 Global, Commercialisation Australia and Square Peg.
What was Canva's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
191 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.2M, and this round was 2.5 times the median.
Did Canva raise again after this round?
Yes: a Series A round in Oct 2015 of $15M at $165M post-money.