Graphic Design Startup Canva Hits $2.5 Billion Valuation
Business wards daily is brought to you by Dell. Don't miss out on Dell small business month celebration. Get up to forty five percent off select computers with Intel core processors, call eight seven seven by Dell to speak with a small business technology advisor today. That's eight seven seven b u y de l l for tech advice and one on one partnership. From wondering, I'm David Brown. And this is business wars daily on this Tuesday may twenty eight. These days, practically every entrepreneur marketer, and even office manager needs to be a graphic designer as well. Instagram's wild growth alone has created an explosion of demand for visual, content and the skills to build it, our insatiable craving for all things visual has been a boon to Melanie Perkins. The Australian co-founder of Canada Canada is a web based design platform intended to feel intuitive for the average user if you haven't heard of canvas, yet, you probably will soon Perkins. Thirty two years old started the company from her mother's living room back in twenty twelve sensing a need in the market for an easier. More cohesive way for non designers to produce things like high school. Yearbooks, six years later that homegrown company has more than fifteen million users, designing everything from logos to social media posts, too. Resignations is just been valued at two and a half billion dollars. Double its previous valuation in mid may famed venture capitalist. Mary meeker chose Canada as the first investment from her new fund called bond can be received seventy million dollars in that round from meeker and partner investors the investment at that sky high valuation was notable. But arguably, it was even more notable coming from meeker who grew her fortune by helping to spot growth companies. We all know today companies like Dell Google Amazon, EBay and into it just a name few that she chose Canada as her first investment says a lot about the growing design space and about Canada itself can book is a broad platform encompassing design tools photography, and presentation software, it competes across the spectrum with several bigger names from adobe to shudder stock to Google, but one enormous company in particular should now sit up and take notice. We're talking about, you Microsoft. Perkins loves to gleefully chat, about the dreaded death by PowerPoint is a way to point out that Campbell offers competitive presumably, sexier presentation tools with the new funding Campbell plans to go after big customers, those enterprise businesses for whom PowerPoint has been standard for far too long. If you believe Perkins it remains to be seen whether this little Australian company can compete at the level of a Microsoft, but if it could outgrow Perkins mothers living room, this fast, all bets are off. I'm wondering this is business worse daily. If you like our show gives a five star rating in a review on apple podcasts, would you. We sure appreciate it. I'm David Brown will be back with you tomorrow. Business worse. Daily is brought to you by Dell. The clock is ticking on Dell small business month celebration. Enjoy up to forty five percent off select computers with Intel core processors, plus a free external hard drive with select computer purchases before it's too late. Call eight seven seven by Dell to speak with a small business technology advisor today. That's eight seven seven. B. U. Y. D E L L for tech advice and one on one partnership, eight seven seven by Dow.