Total amount raised
$2.5 Billions
Latest funding date
Location
Title
Canva has successfully raised significant funding through multiple rounds, with its latest being a Secondary Market round closed on October 31, 2024. The platform is backed by 45 investors, including notable names like Premji Invest and Quadrant Private Equity.
Keep reading to explore the intricacies of Canva's fundraising journey and the investors backing this innovative platform.
What Is Canva?
Canva, founded on January 1, 2013, in Sydney, Australia, is a graphic design platform that simplifies the design process for non-designers. The company was established by Cameron Adams, Cliff Obrecht, and Melanie Perkins.
Offering a range of tools for creating presentations, social media graphics, and more, Canva combines a drag-and-drop interface with a vast library of images, icons, and fonts. This makes it accessible for users to produce professional designs without needing advanced skills.
With a workforce of 5001-10000 employees, Canva continues to innovate and expand its offerings, including products like Canva Pro, Canva Teams, and Canva Enterprise.
How Much Funding Has Canva Raised?
- Round Name: Series E
- Amount Raised: $85M
- Date: October 2019
- Lead Investors: Bond
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Round Name: Venture Round
- Amount Raised: $60M
- Date: June 2020
- Lead Investors: Blackbird Ventures, HSG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and support user growth.
- Round Name: Venture Round
- Amount Raised: $71M
- Date: April 2021
- Lead Investors: Dragoneer Investment Group, T. Rowe Price
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate international expansion and product development.
- Round Name: Series F
- Amount Raised: $200M
- Date: September 2021
- Lead Investors: T. Rowe Price
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support long-term growth and innovation.
- Round Name: Secondary Market
- Amount Raised: Not publicly disclosed
- Date: August 2023
- Lead Investors: Coatue, ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Round Name: Secondary Market
- Amount Raised: A$2.4B
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To capitalize on market interest and provide liquidity.
- Round Name: Venture Round
- Amount Raised: Not publicly disclosed
- Date: February 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and development.
- Round Name: Private Equity Round
- Amount Raised: $8M
- Date: May 2024
- Lead Investors: Stack Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance financial stability and growth.
- Round Name: Secondary Market
- Amount Raised: A$500M
- Date: May 2024
- Lead Investors: Quadrant Private Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity and support strategic initiatives.
- Round Name: Secondary Market
- Amount Raised: Not publicly disclosed
- Date: October 2024
- Lead Investors: Premji Invest, Quadrant Private Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to shareholders.
Total Amount Raised: $424M
Current Valuation: $49 billion
Key Investors
- Premji Invest
- Details: Premji Invest is the private equity arm of Azim Premji's endowment and philanthropic initiatives. It focuses on long-term investments in high-growth companies.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Flipkart, PolicyBazaar, Hygienic Research Institute
- Quadrant Private Equity
- Details: Quadrant Private Equity is a Sydney-based investment firm specializing in mid-market buyouts and growth capital investments. It has a strong presence in Australia and New Zealand.
- Investment Focus Areas: Mid-market buyouts, Growth capital investments, Various sectors in Australia and New Zealand
- Notable Investments: APM, Qscan, Rockpool Dining Group
- Blackbird Ventures
- Details: Blackbird Ventures is an Australian venture capital firm that invests in early-stage technology companies. It aims to support ambitious founders building global businesses.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Canva, SafetyCulture, Culture Amp
- Square Peg Capital
- Details: Square Peg Capital is a venture capital firm based in Australia, focusing on technology startups. It invests in companies at various stages of growth.
- Investment Focus Areas: Technology startups, Various stages
- Notable Investments: Canva, Fiverr, Airwallex
- AirTree Ventures
- Details: AirTree Ventures is an Australian venture capital firm that invests in early and growth-stage technology companies. It aims to support innovative startups with global potential.
- Investment Focus Areas: Early-stage technology companies, Growth-stage technology companies
- Notable Investments: Canva, Prospa, Pet Circle
What's Next for Canva?
Canva's future looks promising with a public listing in the US on the horizon and the expansion of AI-powered products like Magic Studio and Dream Lab. The company's valuation has surged to $49 billion, driven by strong market confidence and international interest. This opens up significant opportunities for further market penetration and strategic partnerships.
Future fundraising could be bolstered by the upcoming public listing, providing Canva with the capital needed to sustain its growth trajectory. However, challenges such as maintaining high valuation amidst market fluctuations and competition from other design platforms remain. Navigating these hurdles will be crucial for Canva's continued success.
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