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Australian unicorn Canva seeks further global expansion

Graphic design software provider opens office in US and considers M&A

CEO Melanie Perkins released software application Canva in 2013. (Photos courtesy of Canva)

SYDNEY -- Australian design software company Canva has been expanding its business and is now seeking opportunities for acquisitions with a cash pile that has increased sharply of late.

Sydney-based Canva is one of Australia's rare unicorns -- privately held startups valued at more than $1 billion. Its value reached $6 billion after a $60 million funding round ended around June this year.

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