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{"id":1705,"date":"2021-09-16T16:20:08","date_gmt":"2021-09-16T16:20:08","guid":{"rendered":"https:\/\/thefortune.one\/?p=1705"},"modified":"2021-09-16T16:20:08","modified_gmt":"2021-09-16T16:20:08","slug":"canva-raises-at-40-billion-valuation-its-founders-are-pledging-away-most-of-their-wealth","status":"publish","type":"post","link":"https:\/\/thefortune.one\/en\/canva-raises-at-40-billion-valuation-its-founders-are-pledging-away-most-of-their-wealth\/","title":{"rendered":"Canva Raises At $40 Billion Valuation \u2014 Its Founders Are Pledging Away Most Of Their Wealth"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/thumbor.forbes.com\/thumbor\/960x0\/https%3A%2F%2Fspecials-images.forbesimg.com%2Fimageserve%2F6140ec2ed21f1cd0185f28da%2FCanva-founders-Cameron-Adams--left--Cliff-Obrecht--center--and-CEO-Melanie-Perkins%2F0x0.jpg%3Ffit%3Dscale\" alt=\"Canva founders Cameron Adams (left) Cliff Obrecht (center) and CEO Melanie Perkins (right)\"\/><figcaption>Canva founders Cameron Adams (left), Cliff Obrecht (center) and CEO Melanie Perkins (right) now lead one of the world&#8217;s most valuable startups from Australia. <small>Canva<\/small><\/figcaption><\/figure>\n\n\n\n<p>Canva is now one of the world\u2019s most valuable startups after raising $200 million in new funding at a $40 billion valuation.<\/p>\n\n\n\n<p>The round, led by T. Rowe Price with Franklin Templeton, Sequoia Capital Global Equities, Bessemer Venture Partners, Greenoaks Capital, Dragoneer, Blackbird, Felicis and AirTree all participating, more than doubles the Australian design software company\u2019s valuation <a href=\"https:\/\/www.forbes.com\/sites\/alexkonrad\/2021\/04\/06\/canva-reaches-15-billion-valuation-making-cofounders-melanie-perkins-and-cliff-obrecht-billionaires\/?sh=18a788d663c1\">in five months.<\/a><\/p>\n\n\n\n<p>Canva\u2019s already on a level few startups have reached \u2014 not just for a valuation second only to Stripe on the <em>Forbes <\/em>Cloud 100 <a href=\"https:\/\/www.forbes.com\/cloud100\/#10219f4a5f94\">list<\/a> of top private cloud companies. Long profitable and cash-flow positive, Canva continues to more than double in sales, the company says, on pace to reach a $1 billion annualized revenue run-rate by December 2021, the \u201cvast majority\u201d of that recurring subscription revenue. \u201cMoving in the right direction,\u201d cofounder and CEO Melanie Perkins says matter-of-factly.<\/p>\n\n\n\n<p>Profitable, doubling growth and with hundreds of millions of revenue \u2014 why bother raising at all? One reason, says Perkins, is to keep doubling headcount, which reached 2,000 this year (Perkins says Canva received 180,000 job applications over the past 12 months). Another could be acquisitions, sources close to Canva add. Then there\u2019s Perkins\u2019 own lifelong mission for Canva, one for which she thinks it\u2019s worth it to play it safe.<\/p>\n\n\n\n<p>\u201cIt\u2019s a huge vote of confidence in what we\u2019re doing and where we\u2019re going,\u201d Perkins tells <em>Forbes<\/em>. \u201cI always like to have enough money in the bank that if the lights turned off tomorrow and everything disappeared, we\u2019ve got enough capital to keep us together for a long time.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/thumbor.forbes.com\/thumbor\/960x0\/https%3A%2F%2Fspecials-images.forbesimg.com%2Fimageserve%2F6140f9db1bc0885bef7979ce%2FMelanie-Perkins-on-the-cover-of-Forbes-in-2019-%2F0x0.jpg%3Ffit%3Dscale\" alt=\"Melanie Perkins on the cover of Forbes in 2019.\"\/><figcaption>Melanie Perkins on the cover of Forbes in 2019. <small>DEAN MACKENZIE\/IDC FOR FORBES Alex Konrad<\/small><\/figcaption><\/figure>\n\n\n\n<p>With unusual origins in Perth, Australia, and then Sydney, where the company has long been based, Canva defied early skepticism to emerge as one of the world\u2019s most popular and fastest-growing software tools, putting Perkins, a <em>Forbes 30 Under 30<\/em> alum, on the cover of the magazine <a href=\"https:\/\/www.forbes.com\/sites\/alexkonrad\/2019\/12\/11\/inside-canva-profitable-3-billion-startup-phenom\/?sh=5ab778604a51\">in December 2019<\/a>. Started in 2012 by Perkins, now-husband Cliff Obrecht and Cameron Adams, Canva launched the following year as a tool to help anyone design, from better-looking resumes to menus, business cards and other graphic assets.<\/p>\n\n\n\n<p>Today, Canva\u2019s product has evolved to support video, presentations and most recently, live collaboration. With new websites tools, Perkins says she hopes to help do away with PDF resumes or event invites in favor of responsive sites complete with custom web domains (a product that will pitch Canva, already competitive with Adobe and Vistaprint, up against the likes of Squarespace and Wix). Canva\u2019s library now consists of more than 800,000 templates and 100 million photos, illustrations and fonts. More than 7 billion designs have been created in Canva to date, the company says, with 120 new designs each second.<\/p>\n\n\n\n<p>Originally known as a tool for amateur designers or small businesses, Canva\u2019s freemium software is used by more than 60 million monthly users. But more than 500,000 paying teams now use Canva, too, including companies like American Airlines, CBRE, Intel, Kimberly-Clark and Zoom, for everything from social media assets to sales and human resources presentations, or, in the case of Live Nation, assets for upcoming rock concerts.<\/p>\n\n\n\n<p>The new funding dramatically increases the value of Canva\u2019s founders\u2019 stakes in the business, previously valued at $15 billion valuation in April. <em>Forbes<\/em> estimates that Perkins and Obrecht each own about 18% of Canva, and Adams 9%. At a $40 billion valuation, that means Perkins and Obrecht each hold stakes valued at $6.5 billion, while Adams\u2019 stake is valued at $3.2 billion. (<em>Forbes <\/em>deducts 10% for private company holdings.)<\/p>\n\n\n\n<p>But <a href=\"https:\/\/www.forbes.com\/sites\/alexkonrad\/2021\/04\/06\/canva-reaches-15-billion-valuation-making-cofounders-melanie-perkins-and-cliff-obrecht-billionaires\/?sh=18a788d663c1\">already on the record<\/a> that they didn\u2019t plan to \u201choard\u201d such wealth, Perkins and Obrecht are now pledging to give away 30% of Canva \u2014 the \u201cvast majority\u201d of their stakes \u2014 to the Canva Foundation to be used for charitable causes. \u201cIf the whole thing was about building wealth that would be the most uninspiring thing I could possibly imagine,\u201d Perkins tells <em>Forbes<\/em>. \u201cIt has felt strange when people refer to us as \u2018billionaires\u2019 as it has never felt like our money, we\u2019ve always felt that we\u2019re purely custodians of it,\u201d she added in a blog post.<\/p>\n\n\n\n<p>Canva first plans to pilot its charitable giving through a $10 million donation to non-profit GiveDirectly to distribute to vulnerable families in Southern Africa; it plans to ramp up its giving after that.<\/p>\n\n\n\n<p>It\u2019s all part of what Perkins has long described as a \u201ctwo step plan\u201d for maximum impact: \u201cbecome one of the most valuable companies in the world, and do the best we can do.\u201d On the first count, Canva\u2019s well on its way, with no shortage of investors looking to pony up money even at a valuation more typical of a public company (Perkins says she has no current interest in an IPO). On the second, Canva joined the Pledge 1% movement in the past to donate time, money, equity and resources to charity; the startup works with 60,000 schools today and 130,000 non-profits. Canva has also committed to plant one tree for each print order it services, a tally that\u2019s reached 2 million to date.<\/p>\n\n\n\n<p>\u201cAs we continue to make progress on step one, step two becomes more important than ever,\u201d says Perkins. \u201cWe really feel a huge responsibility\u2026 it shouldn\u2019t matter where you are in the world, or socioeconomic status, or your skills and experience, everyone should have the ability to design.\u201d<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.forbes.com\/sites\/alexkonrad\/2021\/09\/14\/canva-raises-at-40-billion-valuation-and-founders-pledge-away-their-wealth\/?sh=31a720777ba9\" data-type=\"URL\" data-id=\"https:\/\/www.forbes.com\/sites\/alexkonrad\/2021\/09\/14\/canva-raises-at-40-billion-valuation-and-founders-pledge-away-their-wealth\/?sh=31a720777ba9\">Forbes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canva is now one of the world\u2019s most valuable startups after raising $200 million in new funding at a $40 billion valuation. The round, led by T. Rowe Price with Franklin Templeton, Sequoia Capital Global Equities, Bessemer Venture Partners, Greenoaks Capital, Dragoneer, Blackbird, Felicis and AirTree all participating, more than doubles the Australian design software [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1705","post","type-post","status-publish","format-standard","hentry","category-the-fortune-one"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canva Raises At $40 Billion Valuation \u2014 Its Founders Are Pledging Away Most Of Their Wealth - The Fortune.one<\/title>\n<meta name=\"description\" content=\"Somos especialistas em gest\u00e3o patrimonial, op\u00e7\u00f5es de investimentos para diversos perfis, nosso diferencial 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