Just over 40x multiple on a company that is growing more than 100% YoY, and has a roadmap to continue to enter new markets.
Have you seen their presentation tool? I don't think I'd ever go back to google docs or powerpoint. They'll continue to execute and grow revenue.
Or why don't you look at the market cap of Adobe at 10x Canva, but not growing like Canva is.
Let's not be flippant about companies that are doing well. I remember people hating on Mel (Canva CEO) when they hit $300M valuation...don't they look foolish now.