This pitch deck helped Australian tech unicorn Canva on its journey to a massive $6 billion valuation

Melanie Perkins CEO and CoFounder at Canva (1)

Summary List Placement
The Australian design unicorn Canva recently raised $60 million in fundraising — doubling its valuation to a massive $6 billion. 
The Sydney-based startup — known as the design platform for nondesigners — boasts more than 30 million users in businesses and schools around the world.
Canva has faced skepticism from some investors who want to see the profit margins to accompany its ballooning valuation.
We got an exclusive look at the first pitch deck Canva used on the road to becoming a tech unicorn. 

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Canva, the Australian tech unicorn, recently raised $60 million in a fundraising round backed by Sequoia Capital, Bond, and General Catalyst — and doubled its valuation in the process. 

The Sydney-based startup, dubbed the “design platform for nondesigners,” had previously been valued at $3.2 billion, but after its latest fundraising round, that jumped to a whopping $6 billion.

The new valuation comes as the number of Canva users continues to grow worldwide. More than 30 million people use the platform each month to design content, with about 80 designs made every second.

Now, amid the COVID-19 pandemic, the firm has reported a surge in users, with the number of people using Canva rising more than 50% since the start of the outbreak last year.

Still, Canva has faced skepticism from some observers in an era when the term “unicorn” — meaning a company worth more than $1 billion — attracts considerable buzz.

Forager Funds’ Steve Johnson told the Australian Financial Review in 2019 he preferred to know a company’s profit margins, rather than its revenue, before investing in it.

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“Canva may turn out to be one of the great ones that are undoubtedly there — it’s why there’s a bubble in tech valuations,” he said. “But would I rather pay $3 billion for something that’s still mostly promises, or $30 billion for something … that is established, profitable and owns its space? I’ll take the latter.”

Canva’s most recent financial results for its Australian arm were published in March and showed the company made 86.3 million Australian dollars ($62 million) in revenue for its local entity in 2018 on a loss of AU$4.1 million ($2.9 million).

Check out the first pitch deck Canva ever used to raise funds below:

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Source:: Businessinsider – Tech

      

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