Graphic design platform Canva is launching a video editing tool

This story was originally published on Passionfruit.

Last month, Canva, an Australian-based graphic design software company, announced a valuation of $40 billion after a fundraising round that brought in over $200 million. This news makes Canva one of the largest private software companies ever.

For those unfamiliar with Canva, it’s a cloud-based design platform used by individuals, small businesses, non-profits, and start-ups, as well as larger companies like American Airlines, Zoom, and Paypal. Up until now, it has been used to design social media graphics, print products, and presentations. 

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