Australian startup Canva has just raised a massive $21 million

The founders of Canva,(L-R) Cameron Adams, Cliff Obrecht and Melanie Perkins. Photo: Canva.

Australian design startup Canva has just closed a $US15 million ($AU21 million) capital raising, taking total funds raised to $27.6 million.

Leading the latest round is Hollywood stars Woody Harrelson and Owen Wilson, backed by existing investors such as Blackbird Ventures, Matrix Partners, and Vayner Capital.

The funding will help take the online DIY graphic design business “to the next level,” says co-founder Melanie Perkins, and will be invested in the company’s product development and international growth plans.

In July 2014 the startup raised $3.6 million funding round, this followed another $3 million in seed funding in 2013.

Despite now having its design tools used by 40% of Fortune 500 companies and attracting five million users in just over two years Perkins told The Australian Financial Review Canva is unlikely to list.

“It’s still early days and it’s not something we’re actively considering,” she said.

The online design platform was recently pegged by BlueChilli as one as the Aussie start-up most likely to follow Atlassian and become a billion-dollar tech player.

Read more here.

Now read: Here are 5 lessons an Australian startup CEO has learnt since launching Canva.

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