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About Canva
Industries
Consumer Software
Design
Company Size
5,001-10,000
Company Stage
Private
Total Funding
$942.2M
Headquarters
Sydney, Australia
Founded
2012
Overview
Canva is an online platform that allows users to create a variety of visual designs easily. It features a user-friendly drag-and-drop interface and provides numerous templates for different types of projects, such as presentations, social media graphics, and videos. Users can access a large library of fonts, images, illustrations, and audio clips to enhance their designs. Unlike many design tools that require advanced skills, Canva is designed to be accessible to everyone, making it easier for individuals and businesses of all sizes to produce professional-quality visuals. The company operates on a subscription model, offering both free and paid plans, and aims to empower people worldwide to express their creativity while also making a positive impact on society.
Simplify's Take
What believers are saying
- Canva's valuation reached $48.7 billion after recent funding.
- The acquisition of AI startup enhances Canva's AI capabilities.
- Canva serves over 200 million users in 190 countries.
What critics are saying
- Increased competition from AI-driven design platforms like Trace.
- Potential regulatory scrutiny due to high valuation and expansion.
- Integration challenges from recent acquisitions may delay benefits.
What makes Canva unique
- Canva offers a user-friendly drag-and-drop interface for non-designers.
- The platform provides a vast library of templates and design elements.
- Canva integrates AI to enhance creativity and automate design tasks.
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Funding
Total Funding
$942.2M
Above
Industry Average
Funded Over
10 Rounds
Bessemer Venture Partners
General Catalyst
Founders FundBenefits
Competitive health benefits plans to support you and your wellbeing
Equity packages truly be a part of the Canva journey
401(k) retirement plan with company contribution to support you, with your future Hybrid work model (in-office & from home) coming together for 8 days a year. The rest, you choose where you work best.
Flexible leave so you can recharge, give back, support others or focus on your own professional development.
Inclusive parental leave policy that supports all parents and carers throughout their parenting and caring journey.
An annual Vibe & Thrive allowance. This is for you to spend on whatever will support your wellbeing and development. It could be anything, from a Masterclass subscription to an electronic stand-up desk, a pilates membership, or dinner out with a teammate. Because you know what you need to Vibe and Thrive, better than anyone.
Virtual and in-office wellness benefits including Canva University, Employee Assistant Programs and other benefits to support your physical, mental, and social wellbeing.
Canva For Good program matching your not-for-profit donations and a range of sustainability and ethical initiatives to get involved in.
Growth & Insights and Company News
6 month growth
↑ 29%1 year growth
↑ 23%2 year growth
↑ 23%WA-founded Canva has reached a valuation of $US32 billion ($48.7 billion) after raising nearly $10 billion from new investors, surpassing companies like Rio Tinto and Telstra. This increase has fueled speculation about a potential public listing. Canva's annualized revenue rose 14% to $2.5 billion, marking its seventh consecutive year of profitability. The company, now 12 years private, serves over 200 million users in 190 countries and is used by 95% of Fortune 500 companies.
Canva is enhancing its AI capabilities by acquiring a generative AI content and research startup from the video game sector, with a team of 120 joining Canva. The startup's technology, which includes collaboration tools and a 'Live Canvas' feature, will be integrated into Canva’s Magic Studio suite. Canva plans to invest $200 million to refine its AI models. This acquisition is part of Canva's strategic growth and preparation for an IPO, marking its eighth acquisition overall and second this year.
SuRo Capital heavily invested in Canva and CoreWeave, with Canva reporting $2 billion in revenue and CoreWeave raising over $3.8 billion.
The company highlighted a significant $8 million investment in Canva, Inc. and a share-swap expansion into Locus Robotics, underscoring confidence in these companies' market potential.
Canva's Magic Media AI image generator is one of many AI-powered tools Canva has introduced in the past year.
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About Canva
Industries
Consumer Software
Design
Company Size
5,001-10,000
Company Stage
Private
Total Funding
$942.2M
Headquarters
Sydney, Australia
Founded
2012
There are no jobs for Canva right now.
Find jobs on Simplify and start your career today