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Design Platform Canva Nearly Doubles Valuation to $6 Billion

Graphic design software company Canva has raised $60 million at a valuation of $6 billion, according to Bloomberg . Blackbird Ventures and Sequoia China have led the round. Founded in 2012, the Sydney, Australia-based startup has raised over $300 million to date, including an $85 million financing that valued the business at $3.2 billion in October. Canva counts 30 million monthly active users...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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