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Design App Canva Valued at $25.5 Billion in Secondary Market

By
Juro Osawa
· · Source: The Australian

U.S. investors including Coatue Management and ICONIQ Capital have purchased shares of Australia-based design software startup Canva from existing investor Blackbird at a valuation of $25.5 billion, The Australian newspaper and other news outlets reported. The $25.5 billion valuation in the secondary transaction is about 36% lower than the $40 billion valuation in Canva’s most recent equity...

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