Posts

Showing posts with the label Venture

Venture capital gets another wake-up call

Klarna was ranked as the fifth largest unicorn in the world in early June by research firm TradingPedia. But the sixth on the list is a homegrown hero: design software platform Canva, whose soaring valuations have delivered remarkable results for Australia’s venture capital sector in recent years. Canva was valued at $40 billion last September after a slight capital increase, and as tech stocks have plummeted in the last nine months, there’s a lot of debate about where that valuation will take today. Franklin Templeton, who invested in Canva in late 2021, continues to cut the value of his stake in the business. The company’s Growth Opportunity Fund paid $20.2 million for its shares last December, but has cut that valuation repeatedly this year. The latest filings show the stock was worth $7.4 million as of May 31, down 63.4 percent from its entry price. To be clear, this is just one investor’s view of Canva’s valuation and several others are less bearish. It’s also important to not