Aussie startup Canva raises USD3M seed round to build collaborative design platform
March 19, 2013 by Terence LEE
Canva, an Australia-based startup that is aiming to disrupt the desktop design industry, has announced today that it has raised USD 3M in seed funding from Australian and US investors, including Matrix Partners, InterWest Partners and 500 Startups.
The other participants in this deal are: angel investor Bill Tai, Blackbird Ventures, Director of Engineering at Facebook Lars Rasmussen, Yahoo! CFO Ken Goldman, and former Seek co-founder Paul Bassat and partner at Square Peg Ventures. Commercialisation Australia, a government funding scheme, also contributed in this round.
Canva is currently building an online platform that lets anyone create professional quality designs easily in a collaborate manner.
This is the second startup that co-founders Melanie Perkins and Cliff Obrecht are involved in together. Their first was a online yearbook design product called Fusion Books which was started in 2007. Cameron Adams, a former lead designer at Google, has joined Canva as co-founder and Head of Product.
The relatively huge seed round indicates that Canva’s investors are extremely confident in the team and its vision. “Design is moving into a more collaborative and social world, and I predict Canva will be leading the way,” said Lars Rasmussen.
Rick Baker of Blackbird Ventures thinks this startup is proof that Aussie companies can think global from day one.
“The desktop design industry is ripe for disruption and the Canva team are the best people for the job,” he added.
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About The Author
Terence LEE - Editor
Terence writes mainly about technology trends and startups in Asia. He believes in crafting smart content: Not just a regurgitation of text, but well thought-out pieces that serve the reader using a combination of data, design, narratives, analysis, and visual impact. His articles have been published on Venturebeat, Yahoo!, Straits Times, Today, and The Online Citizen. He also co-founded NewNation.sg, a satirical news site covering Singapore affairs. Engage him on LinkedIn and Twitter.Read other posts by Terence LEE