Australia's Canva plans to grow by acquisition

Felicis Ventures director Wesley Chan describes Sydney-based graphic design business Canva as “one of the most valuable private companies in Australia today”. The six-year old company became only the second Australian start-up to reach unicorn status – with a valuation of over $1 billion – when it raised $40 million from Felicis and Blackbird Ventures via a Series C round of funding in January.