Canva reaches $40b valuation after $200m raise

Details:

• The firm is now the fifth most valuable startup in the world following the fundraise, which was led by T. Rowe Price, the report noted citing data from research firm CB Insights.
• Canva is eyeing further developments for its product after seeing potential growth in the portfolio website space.

Dive deeper: 

• Canva, which offers a digital platform for layout and design, saw its total monthly active users jump to 60 million during the pandemic, largely due to its collaboration features. It has also opened premium features for academic users.
• The startup became a decacorn earlier this year after raising US$71 million. By then, the company said it had maintained its profitability for 2021.