Funding round
Canva Series A
Canva, which works in visual content creation and publishing in Surry Hills, raised $15M in a Series A round announced on 6 Oct 2015, led by Felicis, at a $165M post-money valuation. 4 firms took part, 2 of them already investors. It is Canva's second venture round on record; the one before was a Seed in Mar 2013.
$15M
Amount raised
$165M
Post-money valuation
$150M pre-money
4
Investors
1 lead
9.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Canva at $165M after the new money. The $15M bought investors about 9.1% of the company. It came 31 months after Canva's Seed. It is 2.8% of the $544M Canva has raised in the venture rounds on record. Canva raised again 27 months later: a Growth round of $40M in Jan 2018, at $1.00B 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 this round 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
Felicis led the round with 3 other firms. Blackbird and Matrix had backed Canva before.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
423 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.7M, and this round was 2.2 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 27 Oct 2015 | $49M | not disclosed | Spectrum Equity |
| Tech Companies | 26 Oct 2015 | $33M | not disclosed | Trident Capital |
| Cato Networks Tech Companies | 27 Oct 2015 | $20M | not disclosed | US Venture Partners and Aspect Ventures |
| Tech Companies | 15 Oct 2015 | $20M | not disclosed | not named |
| Tech Companies | 14 Oct 2015 | $14M | not disclosed | RRE Ventures |
| Tech Companies | 28 Oct 2015 | $11M | not disclosed | Battery Ventures |
| Tech Companies | 20 Oct 2015 | $9.5M | not disclosed | Khosla Ventures |
| Tech Companies | 27 Oct 2015 | $9.2M | not disclosed | Mayfield |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Canva raise in its Series A round?
Canva raised $15M in its Series A round, announced in Oct 2015.
Who led Canva's Series A round?
Felicis led it, with Blackbird, Matrix and Vayner Capital.
What was Canva's valuation at the Series A round?
$165M post-money ($150M pre-money).
How does it compare with other Series A rounds in Tech Companies?
423 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.7M, and this round was 2.2 times the median.
Did Canva raise again after this round?
Yes: a Growth round in Jan 2018 of $40M at $1.00B post-money.