Franklin Templeton marks Canva at US$1,541 a share, an implied US$39.3B, at June 30
- Valuation
- $39B
- Place in VP50
- #31
- Source
- 1
- Claims verified
- 6 of 6
What happened
Forbes Australia reported on September 18, 2026, citing recent filings to the US financial regulator, that Franklin Templeton cut the price at which it carries Canva shares. The fund held its mark through the March quarter, then lowered it 6.3%, from US$1,646 to US$1,541 a share, by June 30, 2026. Forbes gave the implied valuation as US$39.3 billion.
The article also reported a mark from T. Rowe Price, which lowered its share price from US$1,646 to US$1,496, down 9.1%, at the end of the March quarter and kept it for the period ending June 30, an implied valuation of US$38.2 billion. Forbes said both firms had priced Canva at an implied US$42 billion at the start of 2026. It reported that Blackbird, Canva's largest venture capital shareholder, cut its holding 17%, from US$42 billion to US$34.9 billion. In 2021 both funds backed a US$200 million round at a US$40 billion valuation. A Canva spokesperson said the company has always been focused on building a generational company and favours long-term decisions over short-term valuation optimisation.
Key points
- Franklin Templeton cut its Canva mark 6.3%, from US$1,646 to US$1,541 a share, by June 30, 2026.1
- Forbes gave the implied valuation at that mark as US$39.3B.1
- T. Rowe Price marked Canva at US$1,496 a share, down 9.1%, at the end of the March quarter.1
- Both funds priced Canva at an implied US$42B at the start of 2026.1
Why it matters
Fund marks disclosed in filings to the US regulator give an outside reference point for what holders say Canva shares are worth between priced rounds.
Franklin Templeton's US$1,541 and T. Rowe Price's US$1,496 both sit below the US$1,646 per-share price they previously carried, and the implied valuations are below the US$42B each held at the start of 2026.
A fund mark is the holder's own estimate of value in a filing, not a price paid in a transaction, so it shows how holders carry the stake rather than what a buyer paid.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Funding round | Jan 8, 2018 | $1.0B | $40M | Blackbird Ventures |
| Funding round | May 20, 2019 | $2.5B | $70M | Unknown |
| Funding round | Oct 16, 2019 | $3.2B | $85M | Bond Capital |
| Funding round | Jun 22, 2020 | $6.0B | $60M | Blackbird Ventures and Sequoia Capital China |
| Funding round | Apr 6, 2021 | $15B | $71M | Dragoneer and T. Rowe Price |
| Funding round | Sep 14, 2021 | $40B | $200M | T. Rowe Price |
Updated
Fact-check
- Franklin Templeton lowered its Canva mark 6.3%, from US$1,646 to US$1,541 a share, by June 30, 2026, after holding it through the March quarter.Confirmed by [1] Forbes Australia, which cites recent filings to the US financial regulator.Verified
- The implied valuation at Franklin Templeton's mark is US$39.3 billion.Confirmed by [1] Forbes Australia, which gives the implied valuation as US$39.3 billion.Verified
- T. Rowe Price marked Canva from US$1,646 to US$1,496 (down 9.1%) at the end of the March quarter, an implied US$38.2 billion, and kept it for the period ending June 30.Confirmed by [1] Forbes Australia, citing recent filings.Verified
- Both funds priced Canva at an implied US$42 billion at the start of 2026.Confirmed by [1] Forbes Australia.Verified
- Blackbird, Canva's largest VC shareholder, cut its holding 17%, from US$42 billion to US$34.9 billion.Confirmed by [1] Forbes Australia.Verified
- In 2021 both funds backed a US$200 million Canva round at a US$40 billion valuation.Confirmed by [1] Forbes Australia.Verified
Sources
- [1]Forbes Australia (opens in a new tab)Canva valuation marked down by US titans T. Rowe Price and Franklin Templetonfrom US$1,646 to US$1,541
