Business
Australia’s hidden $19b success story – Sydney Morning Herald
Even in the world of fast-growing software technology, Canva is a standout and, after fellow tech player Atlassian, is the largest startup this country has produced….
It is cash flow positive and has made a profit since 2017 – although the size of the earnings remains a guarded secret to all but the private investors – many of which have backed the company since its inception seven years ago.
Canva is also somewhat unusual in the startup sphere because it isnt actually looking for additional capital to fund its operations. The updated valuation Canva provided on Wednesday was not based on raising money to issue to investors, it was based on the price paid to…
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