{"id":44967,"date":"2023-10-20T15:40:03","date_gmt":"2023-10-20T15:40:03","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/design-start-up-canva-raises-3-million-after-kitesurfing-in-hawaii-startupsmart\/"},"modified":"2023-10-20T15:40:03","modified_gmt":"2023-10-20T15:40:03","slug":"design-start-up-canva-raises-3-million-after-kitesurfing-in-hawaii-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/design-start-up-canva-raises-3-million-after-kitesurfing-in-hawaii-startupsmart\/","title":{"rendered":"Design start-up Canva raises $3 million after kitesurfing in Hawaii – StartupSmart"},"content":{"rendered":"
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Sydney-based start-up Canva has raised $3 million from a host of high-profile investors, including Bill Tai and Lars Rasmussen, after attending Tai\u2019s kitesurfing camp in Hawaii.<\/p>\n

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Canva, founded in August last year by Melanie Perkins and Cliff Obrecht, is an online collaborative design platform, allowing users to create professional quality designs regardless of their skill set.<\/p>\n

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It\u2019s the second start-up for Perkins and Obrecht, who previously launched Fusion Books in 2007 while studying at university.<\/p>\n

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Fusion Books is an online design system for the school yearbook market, and is currently used by more than 10% of Australian high schools. It has also launched in France and New Zealand.<\/p>\n

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Perkins and Obrecht co-founded Canva with Cameron Adams, who is Canva\u2019s head of product.<\/p>\n

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Cameron was the lead designer at Google Wave and previously founded email management tool Fluent, which he started with two other former Google executives.<\/p>\n

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Canva announced this morning it has raised a $3 million seed round from major Australian and US investors including Matrix Partners, InterWest Partners and Dave McClure\u2019s 500 Startups.<\/p>\n


<\/b> Other investors include Silicon Valley venture capitalist Bill Tai, Google Maps founder and Facebook executive Lars Rasmussen, Yahoo! chief financial officer Ken Goldman and former Seek co-founder Paul Bassat, who is a partner at Square Peg Ventures.<\/p>\n

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Canva is one of the first investments of newly launched venture capital fund Blackbird Ventures<\/a>, which counts Tai and McClure on its list of investors.<\/p>\n

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Commercialisation Australia also contributed to Canva\u2019s funding round through its Early Stage Commercialisation program, which provides funding of up to $2 million.<\/p>\n

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\u201cWe\u2019ve supported Canva because it\u2019s a strong team with a truly innovative product and we think it has the potential to be a global success,\u201d Commercialisation Australia chief executive Doron Ben-Meir said in a statement.<\/p>\n

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Canva isn\u2019t entering the market until May, when it will launch in America and Australia simultaneously. According to Perkins, the seed round demonstrates confidence in Canva\u2019s team, product and vision.<\/p>\n

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Perkins says the funding came about after she and Obrecht attended the MaiTai Global kite camp for entrepreneurs in Hawaii. The camp was started by Tai and kitesurfing enthusiast Susi Mai.<\/p>\n

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While there, Perkins and Obrecht were introduced to a number of Australian and US investors.<\/p>\n

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\u201cI met Bill Tai at a conference in Perth a few years back. We kept in contact and kept him informed about what we were doing,\u201d Perkins told StartupSmart<\/i>.<\/p>\n

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\u201c[MaiTai Global] was an amazing experience\u2026 The key ingredient is they bring together influential investors, journalists, successful entrepreneurs and start-up entrepreneurs.<\/p>\n

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\u201cEveryone is learning to kitesurf, so it\u2019s about getting people out of their comfort zone. It helps people to bond in a way you can\u2019t do in a boardroom.\u201d<\/p>\n

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Perkins says the funds will be used primarily for the Canva team, which currently consists of nine people. Fundraising took almost a year, but Perkins is very happy with the investor line-up.<\/p>\n

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\u201cWe were trending on AngelList, which helped us close the round. Investors knew about us before we talked in the room \u2013 it gave us an added layer of credibility,\u201d she says.<\/p>\n

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\u201cOur investors bring significant experience and expertise to the table, and are accomplished entrepreneurs in their own right.<\/p>\n

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\u201cThese are people who\u2019ve sat behind the wheel at some of Silicon Valley\u2019s most successful tech companies.\u201d<\/p>\n

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Google Maps founder Rasmussen, who is now director of engineering at Facebook, said he was impressed by the Canva founders, describing their story as \u201chighly compelling\u201d.<\/p>\n

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\u201cThis is a strong team with a big vision, and I\u2019m thoroughly enjoying working with them,\u201d Rasmussen said in a statement.<\/p>\n

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\u201cDesign is moving into a more collaborative and social world, and I predict Canva will be leading the way.\u201d<\/p>\n

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According to Rick Baker, a partner at Blackbird Ventures, Canva\u2019s team is a sign of growing maturity in the Australian start-up scene.<\/p>\n


<\/b> \u201cThe desktop design industry is ripe for disruption and the Canva team are the best people for the job,\u201d he said in a statement.<\/p>\n

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\u201cThe founders have attracted a stellar cast of international investors, and are proving you can launch a truly global company from Australia.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Sydney-based start-up Canva has raised $3 million from a host of high-profile investors, including Bill Tai and Lars Rasmussen, after<\/p>\n","protected":false},"author":2,"featured_media":58987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/44967"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=44967"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/44967\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/58987"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=44967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=44967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=44967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}