Australian software company Canva is close to completing a share sale set to raise more than $1.5 billion, as the company's annualized revenue topped $2 billion in 2023. The share sale values Canva at approximately $26 billion, consistent with its valuation in the previous funding round.
Canva readies $1.5b share sale https://t.co/RyqPKn1zB2
Canva is at $2B in ARR and Holders Are Said to Near Expanded $1.5 Billion Share Sale https://t.co/kWmQDQ1Ssi
“Secondary market specialist Lexington Partners last week announced a new $23bn fund…originally aimed to raise $15bn…’in the early stages of a generational secondary buying opportunity’ that could last years.” https://t.co/wVC5rza33g
Sources: Canva topped $2B in annualized revenue in 2023, as the company nears a $1.5B+ share sale at a ~$26B valuation, about the same as in its previous round (Bloomberg) https://t.co/PEiM3vE6xo 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/H6YlG8mxUp
Australian software company Canva is close to completing a share sale that’s set to raise more than $1.5 billion https://t.co/0gImAuXsMw