Canva valuation cut by Franklin Templeton amid tech rout

Daniel Pi, managing director of Sydney corporate advisory and investment management firm Coterie Capital, says: “As public market valuations have started to decline, and in particular in the technology sector, we are seeing some early signs of easing in valuations of companies backed by venture capital funds. That said, the impact is more likely to be felt in later stage companies (as public markets are a closer proxy).”

Link to article: Canva valuation cut by Franklin Templeton amid tech rout