Canva woos America's investing elite in another key step on its IPO journey
Australia’s startup darling Canva has made its biggest splash in elite US investment circles to date.
Australia’s startup darling Canva has made its biggest splash in US elite investment circles to date, in another step on its journey to an eventual blockbuster IPO.
Last week, chief executive Melanie Perkins delivered a keynote address at investment bank Goldman Sachs's prestigious annual Private Internet Companies conference in Las Vegas which impressed attendees.
The highly regarded Silicon Valley tech news site The Information, which first reported on the conference, described it as “Canva’s coming-out party” and named the startup as one of a handful of "megavaluable" private tech firms alongside Stripe, Databricks and TikTok owner ByteDance that command investor attention.
One investor present described the keynote to Capital Brief as "awesome", with the company's low marketing spending, booming revenue and cashflow positive status striking a chord at the conference at a time of ongoing concern about loss-making startups and "zombie companies".
