The latest round of funding which happened earlier this month was a game-changer for the startup as it led to its fueled valuation of $40 billion.

The 34- year old Canva co-founder and CEO, Melanie Perkins is positioned as the richest female billionaire under 40 after the latest funding round of the graphic designing startup which made it jump to the market valuation of USD 40 billion. As per the Bloomberg’s billionaire index, Perkings possesses 1st rank in the world’s richest self-made women falling under the age of 40. Also, she occupies the 487th position as the richest person in the world.

Canva Cofounder Melanie Perkins is now the richest female billionaire under 40

Earlier this year in April, the position of the richest self-made billionaire woman was held by Whitney Wolfe Herd, the founder of an online dating app, Bumble. This year also witnessed Rihanna stepping ahead in the billionaire’s club by a self-worth of USD 1.7 billion. 

Earlier this month, Canva was in the spotlight for infusing a whopping USD 200 million in its founding round led by T. Rowe Price. This round was a game-changer for the startup as it led to its fueled valuation of $40 billion. The establishment witnessed participation from existing as well as new investors including Sequoia Capital Global Entities, Blackbird, Franklin Templeton, Felicis, Greenoaks Capital, AirTree Ventures, Bessemer Venture Partners and some more.  This round of fundraiser has concreted the Australian startup as one of the most valuable software platforms which is evidently expected to fuel the growth in the country’s tech space. 

With the $40 billion as its present worth, the Sydney-based startup bestows individual fortune to both the founders valuing from $5 to $8 billion which consequently has let them fall in the list of Australia’s top 10 richest people. At present, the company is serving around 60 million users per month from all around the world.

The corporation claims to utilize the freshly raised funds in order to augment its operations by multiplying its workforce probably in the upcoming year. Furthermore it also expects to welcome more than $1 billion of annual revenue by the end of FY2021. 

Established in 2013 by the present husband-wife duo, Melanie Perkins and Cliff Obrecht, Canva delivers the service of free graphic designing where one can design posters, digital brochures, presentations, even make posts for social media, etc. With its user-friendly interface, people find it undeniably convenient to access the platform. It serves its users with numerous templates where people can make best suited advertisements, official resume, and so much more. Canva aims to continue standing out without moving in for the neck-and-neck competition with tech graphic giants including Adobe, Figma or even Microsoft.