Husband-Wife team built $12 Billion Fortune

By VARINDIA - 2021-09-27

Husband-Wife team built $12 Billion Fortune

The funding round recently concluded valued the graphic design company, Canva, at $40 billion. That gave Perkins, 34, and her husband and co-founder Cliff Obrecht, 35, a fortune of $5.9 billion each, according to the Bloomberg Billionaires Index.

 

The latest funding round makes the Sydney-based firm the fifth-largest startup in the world, according to data from research firm CB Insights, and Perkins the richest self-made female billionaire under the age of 40. Among Canva's investors are Franklin Templeton and Sequoia Capital Global Equities.

 

Perkins and Obrecht, who married earlier this year, said in an interview this week that they aren't slowing down. "We want to build one of the world's most valuable companies," said Perkins, who is chief executive officer. "We're moving in the right direction, but we're not there yet.''

 

Canva users have created more than 7 billion designs, but Perkins wants it to become ubiquitous. That includes ultimately replacing PDF resumes with responsive web-based tools.

 

She and Obrecht own at least 30% of the company, Perkins disclosed in a Medium post that accompanied news of the company's valuation. A former Google employee, Cameron Adams, is also a co-founder, though the size of his stake hasn't been disclosed.

 

Canva is popular with bloggers, students and marketers who can select templates and then customize them to make logos, resumes, flyers or even T-shirt designs. Its tools are used by more than 10 million students and teachers, as well as companies including American Airlines Group Inc., Zoom Video Communications Inc., SkyScanner, Intel Corp., Salesforce.com Inc., PayPal Holdings Inc. and Marriott International Inc., according to Perkins. Canva says that it's on track to surpass $1 billion in annualized revenue by year-end.


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