Canva’s latest raise values it at $40bn

The Sydney global visual communications platform raises $200m in a round led by T. Rowe Price.

Sydney-based Canva, which operates a global visual communications platform, announced it has raised $200 million in a new funding round led by T. Rowe Price that values the company at $40 billion. Joining the round are new and existing strategic investors, including Franklin Templeton, Sequoia Capital, Bessemer Venture Partners, Greenoaks Capital, Dragoneer Investments, Blackbird, Felicis Ventures and AirTree Ventures.

The company was founded in 2013.

Source: Company press release and blog post