Canva, a software company, is now valued at $15 billion after receiving $71 million in funding

Canva, an Australian software firm, revealed that its value had more than doubled to $15 billion following a $71 million investment.

Canva is a Sydney-based web design and publishing platform that includes models for presentations, social media images, and posters, among other things.

Canva, which has more than 55 million monthly active users, announced that its annual sales increased by 130 percent year over year while remaining profitable.

According to the company website, Canva’s clients include American Airlines, Intel, and PayPal.

Canva reported a $6 billion valuation in June of last year.

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