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Online graphic design startup Canva is now worth $1 billion

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Canva is Australia’s first unicorn of 2018, after raising $40 million (AUD$50.9 million) to push the design startup’s value over $1 billion.

Now available in 190 countries, with over 10 million users, the online design and publishing platform was launched in 2012 by CEO and co-founder Melanie Perkins — now the youngest female entrepreneur to have reached unicorn status. 

“It’s still extremely early days for us yet, and we feel like we’ve done one percent of what we believe is possible but it’s quite exciting to get to this point in time, and it’s been a huge journey,” Perkins told Mashable. Read more…

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Dgraph raises $3M for its open-source distributed graph database, hits 1.0 release

 Dgraph is an increasingly popular open-source distributed graph database that uses a version of Facebook’s GraphQL as its default query language. Today, the company announced that it has raised $3 million in funding from (this includes a $1.1 million seed round raised last year). In addition, the company announced that its flagship database has hit the 1.0 stage. Read More

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Online real estate startup ToLet acquires Jumia House Nigeria to create PropertyPro.Ng

 African tech can produce surprises. One this week is a $1.2 million Series A startup buying part of a $1 billion company. That’s what Lagos based property startup ToLet.com.ng has done, purchasing Jumia House Nigeria for an undisclosed amount. Jumia House is a subsidiary of the continent’s lone tech unicorn — Pan-African e-commerce giant Jumia.com. ToLet and Jumia House… Read More

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Founder Gym aims to help underrepresented startup founders build tech startups

 Founder Gym, co-founded by Mandela Schumacher-Hodge and Gabriela Zamudio (pictured above), is unveiling its online platform to support and train underrepresented founders building tech startups. Instead of describing it as a school, bootcamp or i…

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Vetted buys VetPronto in yet more on-demand consolidation

 Consolidation continues to dog the world of on-demand startups — literally and figuratively. In the latest development, Vetted, a startup focused on veterinary services is acquiring VetPronto, an almost identical peer. A few months ago we covered the launch of Vetted, an on-demand veterinary startup that raised $3.3M from investors like Amplify LA, Sterling.VC and Foundation Capital. At… Read More

View More Vetted buys VetPronto in yet more on-demand consolidation