Australian graphic design business Canva has become one of the world's biggest privately-owned companies after being valued at $40bn (£29bn).
The online design platform said it had grown during the pandemic as more customers worked from home.
It has revealed a fresh $200m round of private equity investment - more than doubling the company's value in five months.
That makes it one of the world's most valuable start-ups, analysts say.
According to business data provider CB Insights, Canva's $40bn valuation makes it the fifth-most valuable start-up in the world, behind China's ByteDance, which owns TikTok, payment platform Stripe, Elon Musk's rocket company SpaceX and Swedish financial technology firm Klarna.
The funding also places its co-founders among the top 10 richest people in Australia.
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