Canva Raises At $40 Billion Valuation — Its Founders Are Pledging Away Most Of Their Wealth

Canva founders Cameron Adams , Cliff Obrecht and CEO Melanie Perkins now lead one of the world's most valuable startups from Australia..

Canva’s already on a level few startups have reached — not just for a valuation second only to Stripe on theof 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 “vast majority” of that recurring subscription revenue. “Moving in the right direction,” cofounder and CEO Melanie Perkins says matter-of-factly.

Today, Canva’s 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 . Canva’s 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.

The new funding dramatically increases the value of Canva’s founders’ stakes in the business, previously valued at $15 billion valuation in April.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’ stake is valued at $3.2 billion.

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