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February 17, 2022

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
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"Learn photoshop" has been on my aspiration list for about ten years. When you have a self-improvement goal in mind but none of the resolve to take the class, watch the Youtubes, or sign up after the Adobe trial expires, it can lead to a nagging feeling. Finally, I can do what I once did with my ambition to play the piano, retire it and move on with my life. Luckily for me, a couple of entrepreneurs saw the high-learning curve to design tools like Photoshop as a business opportunity. Now there is Canva.

For those of you who don't know, Canva is a drag and drop tool for designing good-looking resumes, presentations, marketing materials, and more. They offer a variety of templates that are hip to the day's trends. Most of it is free, but there are membership options for greater access to tools and templates. Just check out their metrics to see how resonant their 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. They took the tools they had created and finally to Canva, a company now worth $40BN. In a venture landscape pockmarked with outsized valuations, this company shows that starting small and solving a unique pain point is pure and simple good business.

Amazon v. NYC
Amazon will face another Union challenge, this time in New York's Staten Island borough.
Dad issues
Twitter's new CEO will take some paternity leave, a shift for SV culture.
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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