Canva Raises $15 Million in Funds, Leaving Last Round Funds Untouched

canva

While raising capital can be a challenge for some, Canva, the Australian based graphic design startup seems to have elevated fund raising to an art form with its latest round of funding at $15 Million (U.S.). Canva’s latest influx originates from Blackbird Ventures and Felicis Ventures and brings the company’s value to an unprecedented $345 Million (U.S.), doubling its valuation.

Canva’s previous round of funding at $15 Million remains untouched. The company is pleased with its investors as well as the networks to which they have connected and with the latest influx of capital is poised for growth and success in the workplace.

The Canva media tools suite allow users of all levels to produce professional graphic designs and features a FREE consumer version as well as a PAID service. A collaboration designed for an seamless workplace which requires a strong visual design presence. The design tools allow template creation which can be edited as needed by all departments within an organization – the perfect complement at visual literacy expands into virtually every profession globally.

Canva is currently offered for desktop applications, iPad, and IPhone in 11 languages. An Android version is coming as are nine new language versions.

Canva’s growth has been rapid since its founding in 2012. The company currently has a staff of more than 120 people from Sydney, San Francisco, and Manila and customers across the globe including the United States, Australia, India, Canada, and the United Kingdom.

Sapphire Ventures Secures $1 Billion to Invest

Sapphire Ventures

Palo Alto based Sapphire Ventures, owned by SAP, secures $1 Billion to invest in a new $700 Million growth fund and a $300 Million tech fund.

Following on the heels of a large group of venture groups – including Lightspeed Ventures Partners, Norwest Venture Partners, Accel Partners, Founders Fund, and Andreessen Horowitz – Sapphire Ventures joins the circle raising $1 Billion plus in 2016.

Like Wells Fargo and Norwest, Sapphire, along with limited partner SAP do not consider themselves corporate venture, but rather classic venture firms who do not invest by funding companies that can be sold to their partners.

Sapphire became an independent unit in 2011, and has subsequently funded 14 companies which have already moved from private to public and includes familiar names like Apigee, Box, and Square. In addition, Sapphire funded 33 acquisitions including the wildly popular LinkedIn.

Sapphire targets companies with a minimum of $5 million in revenue and invests in startups providing funds of up to $25 million.