ISSUE – Oct. 17| Canva Hits $3.2 Billion Valuation After $85 Million Raise For Big-Business Push

Canva has reached an eye-popping new valuation as it makes its first push into larger customers for its design software suite.

Sydney-based Canva announced on Wednesday that it raised $85 million in new funding from existing investors including Bond, General Catalyst, Bessemer Venture Partners, Blackbird and Sequoia China. After the funding round, Canva’s valuation has increased to $3.2 billion, up from its $2.5 billion valuation announced in May. [ Forbes ]

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