Canva’s valuation rises to $49 billion after April sale

Partners at three of Australia’s biggest venture capital firms say Canva is benefiting from growing international interest in Australian tech companies after the design software giant increased its valuation by almost 20 per cent following a share sale.

Canva said on Thursday its valuation rose US$6 billion ($9.1 billion) to US$32 billion after an undisclosed number of shares changed hands, its first major deal since investors and employees were allowed to sell shares in April. Canva is the country’s largest privately held technology company and is widely considered a leader in the local startup sector.

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