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How to Build a $40BN Business

How to Build a $40BN Business
February 17, 2022

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"Learn Photoshop" has been on my bucket list for about ten years. When you have a self-improvement goal in mind but no desire to take a class, watch the YouTube videos, or sign up after the Adobe trial expires, that lack of resolve can lead to a nagging feeling. Luckily for me, a couple of entrepreneurs saw the high-learning curve to design tools like Photoshop as a business opportunity and launched Canva.

Canva is a drag and drop tool for designing good-looking resumes, presentations, marketing materials, and more. The company offers a variety of templates that are hip to the day's trends. Most of the templates and tools are free, but there are membership options for greater access to tools and templates. Check out Canva's metrics to see how sticky the product is:

This Twitter thread breaks down the trajectory of the business, from a nineteen-year-old selling design classes with her boyfriend to a yearbook design company that quickly became the largest in Australia. The duo took the tools they had created and rebranded as Canva, a company now worth $40BN. In a venture landscape riddled with outsized valuations, this company shows that starting small and solving a unique pain point is purely and simply good business.

Amazon v. NYC
Amazon will face another union challenge, this time in New York's Staten Island borough.
[WSJ]
Dad issues
Twitter's new CEO will take some paternity leave, a shift for SV culture.
[Axios]
Since last week, PrivCo has added:
2,094 Companies | 225 Funding Activities | 169 M&A Deals

Funding & Deal Highlights:

 

W.S.C. Sports Technologies raises $100MM from ION Crossover

Digital Entertainment • Round D • Givatayim, Israel
 

Addverb Technologies USA raises $132MM from Reliance Industries

Robotics • Round B • Frisco, TX
 

PlayPlay raises $55MM from Global Venture Capital

Video Creation • Round B • Paris, TX


Uniphore Technologies raises $400MM from New Enterprise Associates

Analytics • Round E • Palo Alto, CA
 

Flutterwave raises $250MM from B Capital Group

Payments • Round D • San Francisco, CA
 

Genesis Global Technology raises $200MM from Tiger Global Management

Fintech • Round C • New York, NY
 

Funding Societies raises $144MM from SoftBank Vision Fund

Fintech • Round C • Singapore, Singapore
 

Employment Hero raises A$181MM from Seek Investments

HR • Equity • Sydney, Australia
 

Walking Fish Therapeutics raises $73MM from Northpond Ventures

Biotechnology • Round A • S. San Francisco, CA
 

Electra Therapeutics raises $84MM from Westlake Village Biopartners

Biotechnology • Round B • S. San Francisco, CA
 

Star Therapeutics raises $100MM from Westlake Village Biopartners

Biotechnology • Debt • S. San Francisco, CA
 

Semi Five raises $109MM 

Semiconductors • Round B • South Korea

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