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ZOOM VIDEO COMMUNICATIONS, INC.

(ZM)
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Zoom Video Communications : Canva's valuation more than doubles to $40 billion in latest funding round

09/14/2021 | 04:00pm EDT

(Reuters) - Graphic design and collaboration platform Canva said on Tuesday that it is now valued at $40 billion after the company raised $200 million in a funding round led by investment management firm T.Rowe Price.

The Australian company, which allows users to make posters, social media graphics, presentations and more by providing presets and templates was valued at $15 billion in a funding round in April.

The money raised will be used to expand Canva's team of more than 2,000 employees, which the company expects to double in the year ahead, it said.

T.Rowe Price, which has $1.68 trillion in assets under management, was joined by Franklin Templeton, Sequoia Capital Global Equities and Bessemer Venture Partners among others in the latest funding round.

Launched in 2013, Canva has more than 60 million monthly active users across 190 countries and counts companies including Zoom Video Communications, Salesforce and PayPal as its customers.

(Reporting by Chavi Mehta in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2021
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Analyst Recommendations on ZOOM VIDEO COMMUNICATIONS, INC.
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Financials (USD)
Sales 2022 4 016 M - -
Net income 2022 976 M - -
Net cash 2022 3 991 M - -
P/E ratio 2022 85,5x
Yield 2022 -
Capitalization 82 477 M 82 477 M -
EV / Sales 2022 19,5x
EV / Sales 2023 16,3x
Nbr of Employees 5 725
Free-Float 69,8%
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Number of Analysts 26
Last Close Price 277,58 $
Average target price 355,30 $
Spread / Average Target 28,0%
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Managers and Directors
Eric S. Yuan Chairman, President & Chief Executive Officer
Kelly S. Steckelberg Chief Financial Officer
Harry D. Moseley Global Chief Information Officer
Brendan Ittelson Chief Technology Officer
Aparna Bawa COO, Chief Legal Officer & Secretary
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