Innovation means different things to different people, but the most important thing when it comes to product development is to have a clear vision, according to Canva’s Head of Design, Andrew Green. “‘We think pretty deeply about our roadmap, and for all the founders out there, I think that one interesting aspect of [Canva cofounder… Read more »
More than nine months after the sudden departure of Canva’s chief financial officer, after nearly 8 years, the graphic design giant has found his replacement with Zoom’s Texas-based CFO, Kelly Steckelberg, signing on later this month. Steckelberg took Zoom to its public listing on the Nasdaq in 2019. She was previously CEO of online dating… Read more »
Design platform Canva has seen the company’s valuation soar by nearly a quarter to A$48.7 billion in the latest sale of its shares on the secondary market. The global business, which is heading to a public listing in the US next year, saw its valuation rise by US$6 billion (A$9.1bn) to hit US$32 billion with… Read more »
Canva is no ordinary success story. It’s a $39 billion unicorn with its heart in the right place. Founded by Melanie Perkins, her (now) husband, Cliff Obrecht, and Cameron Adams in January 2013, Canva has evolved from a side hustle in a family living room into one of the world’s leading design platforms. As a… Read more »
Canva has announced a tripling of their prices for some of its users as the Australian tech company prepares for a public listing in the US. In the US, some users have had their subscription increase from $119.99 per year to $300 per year for the first 12 months – an increase of 316% –… Read more »
This year marks a decade of Stripe in Australia. The US global payments behemoth founded 14 years ago by Irish-American siblings John and Patrick Collison now services over 500,000 Australian businesses and has processed more than A$200 billion since landing here The Stripe World Tour rolled into Sydney recently to showcase the fintech’s products and users, and including a… Read more »
Neither Canva nor Leonardo.AI or its backers wanted to talk about the dowry paid for their marriage, but documents from key investor Blackbird Ventures suggest the acquisition deal cost is north of $320 million. Details are beginning to emerge about what when down following the surprise announcement this week that the Sydney-based generative AI startup… Read more »
The generative AI company many believed would become a tech unicorn is instead being acquired by one, with design platform Canva snapping up content and research startup, Leonardo.AI. The deal price and terms have not been disclosed, so it’s not not how much is cash and/or Canva shares ahead of its IPO plans, but it’s… Read more »
The three billionaire cofounders of Canva donated $39 million to the foundation in their company’s name over 18 months, with most of that money already given away. Husband and wife Melanie Perkins and Cliff Obrecht, set up the Canva Foundation with cofounder Cameron Adams in May 2020. A month later, the privately-owned design giant Canva doubled… Read more »
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 »
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 »
Visual design platform Canva has revamped its business products, launching an enterprise solution, in the hope of luring in more customers ahead of plans to list publicly next year. The changes were announced at Canva Create, the company’s annual showcase, which moved from Sydney to the US for the first time as the software business… Read more »
Design giant Canva has partnered with US sustainability and carbon reduction platform Watershed to cut the impact of its energy use with renewables. The deal, announced at the annual Canva Create conference, being held in the US for the first time, will tackle what are known as scope 3 emissions. They can cause up to… Read more »
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 »
Much of life is about pedigree. It’s why parents pay insane amounts of money for private schools (aka the old school tie), why VCs back founders 2nd time around (even after previous failures), royals marry other royals, and why a co-owner of champion racehorse Winx paid $10 million for her filly at auction this week.… Read more »
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VC Airtree brings in new US investors for fifth fund with $650 million target 
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