Canva rap
Business strategy

Cloud 9 rap: Canva shows why employee share schemes matter for startup success

- June 5, 2024 4 MIN READ

The recent outburst of rapping at the Canva Create event in Los Angeles has proven to be another dazzling cultural flashpoint between Australian and US tech. Well, here at least. We believe it’s not a coincidence that an event like this occurred right after a billion dollar share sale rightfully turned many early Canva employees… Read more »

Business

C-rap: the most talked about part of Canva Create isn’t the product (but it totally is) because of a song

- May 27, 2024 4 MIN READ

There’s a famous maxim in advertising, courtesy of industry legend David Ogilvy that: “If you have nothing to say, sing it”. Combine that with Oscar Wilde’s observation that: “There is only one thing in life worse than being talked about, and that is not being talked about”, and you have the defining moment of Canva… Read more »

Canva cofounders Cliff Obrecht, Melanie Perkins and Cameron Adams.
Business

Canva has a new $500 million shareholder – a Sydney private equity firm that previously made a fortune from pet food

- May 3, 2024 2 MIN READ

Sydney investment firm Quadrant Private Equity is now a Canva shareholder after acquiring a hefty $500 million slice of the design giant, including more than $100 million worth of shares from VC fund Blackbird. That represents about 1.2% of the company’s stock. The deal comes after $2.4 billion worth of Canva shares changed hands earlier… Read more »

whale
Business

Canva gobbles up UK rival Affinity in its biggest spend yet

- March 26, 2024 2 MIN READ

Design software platform Canva is fattening up for its public listing in 2026, acquiring UK professional graphic design and photo editing software business Affinity for an undisclosed sum. It’s believed to be the biggest outlay yet by Canva in a string of merger and acquisition deals in recent years, including fellow British data startup Flourish in… Read more »

Cliff Obrecht, Melanie Perkins
Business

Canva cofounder says Australian investors don’t understand tech and that’s why they’re listing in the US

- March 18, 2024 2 MIN READ

The public listing of Canva will most likely happen in 2026 and won’t be on the ASX because Australia is a small market, according to the design software’s cofounder Cliff Obrecht. The husband of CEO and cofounder Melanie Perkins, named the 10th richest person in Australia, alongside his wife, with a combined wealth of $10.92 billion,… Read more »

Canva cofounders Cameron Adams, Cliff Obrecht and Melanie Perkins.
People

Canva CFO departs suddenly

- February 14, 2024 2 MIN READ

Canva’s long-term chief financial officer, Damien Singh, has left the company after nearly 8 years, with the graphic design giant yet to name a replacement. His departure appeared to catch many by surprise last week when he broke the news to members of the Canva team on Monday, February 5. “As we move towards the… Read more »

Canva cofounders
Venture Capital

Investments regulator APRA thinks Canva’s $39 billion valuation is on the money

- September 4, 2023 3 MIN READ

Canva’s $39 billion valuation has been given the tick of approval by the government financial watchdog, the Australian Prudential Regulation Authority (APRA), in a sign that investors have been getting it right when backing private tech companies. The regulator ran its ruler over Canva, which celebrated the 10th anniversary of its launch last week, as… Read more »

Canva cofounders Cliff Obrecht, Melanie Perkins and Cameron Adams. Photo: supplied
Business

EXIT, STAGE BRIGHT: Blackbird offloads $150 million slice of its Canva stake at $39 billion valuation

- August 10, 2023 3 MIN READ

VC firm Blackbird Ventures has cracked open some of its golden eggs, offloading a small slice of its stake in design platform Canva at a US$25.5 billion (A$38.8bn) valuation in a secondary market sale to US investors. The deal with New York’s Coatue Management and San Francisco’s ICONIQ Capital is another step down the path… Read more »