Design software Canva is one of the online business that is booming in this pandemic environment.

Canva announced on Monday that it had raised $60 million in new funding led by Blackbird and Sequoia China, with participation from fellow previous investors Bond, Felicis, and General Catalyst.
The investment values Canva at $6 billion, nearly double its previous valuation of $3.2 billion set in October 2019.

The company says it remains profitable and is doubling its paid user base, which has topped 500,000 organizations and 1.5 million paid subscribers to Canva’s paid account type, Canva Pro.
More than 30 million people each month use Canva overall, which operates on a “freemium” model that allows many users to access its software for free.

Canva says it is also used today by 90,000 schools and universities, 55,000 non-profits, and boasts larger-sized accounts including American Airlines, Hubspot, and Warner Music.

Source: Forbes