Felicis Ventures director Wesley Chan describes Sydney-based graphic design business Canva as “one of the most valuable private companies in Australia today”. The six-year old company became only the second Australian start-up to reach unicorn status with a valuation of over $1 billion when it raised $40 million from Felicis and Blackbird Ventures via a Series C round of funding in January.
Felicis, which has been an investor since 2015, took a punt on Canva when it was being ignored by other Silicon Valley funds. “Australia is a faraway place but when we saw Canva’s pitch we knew there was the possibility of some serious disruption in the market for...
¬ Haymarket Media Limited. All rights reserved.
