Canva brings in two new investors at $US25.5b valuation
Canva has added two new investors to its register following an investor secondary transaction, Street Talk understands.
Sources said San Francisco-headquartered ICONIQ Capital and Coatue Management, another technology sector investment manager based in the United States, have purchased Canva shares from existing investors, valuing the graphic design company at $US25.5 billion ($39 billion).
An email sent to staff said the company will kick off broader staff secondary transaction “in the near future”. “We’ll aim to kick off this process within the next six months,” the email, obtained by Street Talk, read.
Canva was valued at $US40 billion in its last external funding round in September 2021, but it suffered markdowns to $US25.6 billion last year as local venture capital firms followed US investors in re-assessing tech firms.
In May, The Australian Financial Review reported that individual Canva shares were worth $US1680 at its last funding round, while sources suggested they were on offer in US secondaries markets for less.
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