Jump to content

Canva

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 84.0.220.46 (talk) at 14:08, 1 December 2022. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Canva Pty Ltd
Company typePrivate
Industry
Founded2013
Founders
Headquarters
Sydney
,
Australia
Area served
Worldwide
ProductsCanva, Canva Pro, Canva for Enterprise, Canva for Education, Canva for Nonprofits
Revenue2,000,000,000 United States dollar (2023) Edit this on Wikidata
Number of employees
2,000[1] (September 2021)
ParentCanva Inc.[2]
Subsidiaries
Websitewww.canva.com
Canva
Developer(s)Canva Pty Ltd
Initial releaseAugust 2013; 11 years ago (2013-08)
Operating systemWeb, Windows, Mac, Android, iOS
Available in100 languages[3]
List of languages
Afrikaans, Albanian, Arabic, Armenian, Assamese, Azerbaijani, Basque, Bengali, Bulgarian, Burmese, Catalan, Cebuano, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, Fulani, Galician, Georgian, German, Greek, Gujarati, Hausa, Hebrew, Hindi, Hungarian, Igbo, Indonesian, Italian, Japanese, Javanese, Kannada, Kazak, Khmer, Korean, Kurdish, Kyrgyz, Latvian, Lithuanian, Macedonian, Maithili, Malay, Malayalam, Marathi, Mongolian, Nepali, Norwegian, Oromo, Persian, Polish, Portuguese, Punjabi, Romanian, Russian, Serbian, Shona, Simplified Chinese, Sindhi, Sinhala, Slovak, Slovenian, Somali, Spanish, Strayan, Sundanese, Swahili, Swedish, Tagalog, Tamil, Telugu, Thai, Traditional Chinese, Turkish, Ukrainian, Urdu, Uzbek, Vietnamese, Welsh, Wolof, Xhosa, Yoruba and Zulu
TypeGraphics software
LicenseSaaS
Websitewww.canva.com

Canva is an Australian graphic design platform that is used to create social media graphics and presentations.[4][5][6] The app includes readymade templates for users to use, and the platform is free and offers paid subscriptions such as Canva Pro and Canva for Enterprise for additional functionality.[7] In 2021, Canva launched a video editing tool.[8] Users can also pay for physical products to be printed and shipped.[9] The company has announced it intends to compete with Google and Microsoft in the office software category, with website and whiteboard products.[10]

In June 2020, Canva raised A$60 million at a valuation of A$6 billion; almost doubling its 2019 valuation.[11][12] In September 2021, Canva raised US$200 million, with its value peaking that year at US$40 billion.[13][14] By September 2022 the valuation of the company had leveled at US$26 billion.[10]

History

Canva was founded in Perth, Australia, by Melanie Perkins, Cliff Obrecht, and Cameron Adams on 1 January 2013. In its first year, Canva had more than 750,000 users.[15] In April 2014, social media and technology expert Guy Kawasaki joined the company as its chief evangelist (brand promoter).[16] In 2015, Canva for Work was launched, focusing marketing materials.[17]

During the 2016–17 financial year, Canva's revenue increased from A$6.8 million to A$23.5 million, with a loss of A$3.3 million. In 2017, the company reached profitability and had 294,000 paying customers.[18]

In January 2018, Perkins announced that the company had raised A$40 million from Sequoia Capital, Blackbird Ventures, and Felicis Ventures, and the company was valued at A$1 billion.[19][20][18]

During May 2019, the company raised another round of funding of A$70 million from General Catalyst and Bond and its existing investors Blackbird Ventures and Felicis Ventures, valuing Canva at A$2.5 billion.[21] In October that year, Canva announced that it had raised an additional A$85  million at a valuation of A$3.2 billion, and launched an enterprise product.[11]

In December 2019, Canva announced Canva for Education, a free product for schools and other educational institutions intended to facilitate collaboration between students and teachers.[22]

In June 2020, Canva announced a partnership with FedEx Office[23] and with Office Depot the following month.[24] As of June 2020, Canva's valuation had risen to A$6 billion.[25] This valuation grew to A$40 billion in September 2021,[26] with co-founders Perkins and Obrecht announcing their plan to give away much of their fortune to numerous philanthropic causes.[27]

Data breach

In May 2019, Canva experienced a data breach in which data of roughly 139 million users were hacked.[28] The exposed data included real names of users, usernames, email addresses, geographical information, and password hashes for some users.[29] Canva faced criticism for an initial email to customers, which buried the details below self-congratulatory marketing content.[30][31] Later in January 2020 approximately 4 million user passwords were decrypted and shared online.[32] Canva responded by resetting the passwords of every user who had not changed their password since the initial breach.

Acquisitions

In 2018, the company acquired presentations startup Zeetings for an undisclosed amount, as part of its expansion into the presentations space.[33]

In May 2019, the company announced the acquisitions of Pixabay and Pexels, two free stock photography sites based in Germany, which enabled Canva users to access their photos for designs.[34]

In February 2021, Canva acquired Austrian startup Kaleido.ai and the Czech-based Smartmockups.[35]

See also

References

  1. ^ Konrad, Alex (14 September 2021). "Canva Raises At $40 Billion Valuation — Its Founders Are Pledging Away Most Of Their Wealth". Forbes.
  2. ^ "CANVA PTY Ltd | OpenCorporation".
  3. ^ "Canva". www.canva.com.
  4. ^ Perez, Sarah (26 August 2013). "Canva Launches A Graphic Design Platform Anyone Can Use". Tech Crunch'. Archived from the original on 2 September 2019.
  5. ^ Lancet, Yaara; Zukerman, Erez (7 January 2014). "Canva review: Free tool brings much-needed simplicity to design process". PC World. Archived from the original on 21 December 2014.
  6. ^ Swallow, Erica (18 November 2013). "Canva Makes Great Design More Accessible". Forbes. Archived from the original on 16 August 2018.
  7. ^ Reuter, Dominick (10 January 2020). "5 apps entrepreneurs can use right now". Business Insider. How much it costs: Pro, $120/year per user; Enterprise, $360/year per user; free and discounted accounts available for nonprofits and educators.
  8. ^ "Canva is getting into video". TechCrunch. Retrieved 9 November 2021.
  9. ^ Castles, Angela. "Canva gets physical with 'Canva Print' to cement US foothold". SmartCompany. Retrieved 6 February 2020.
  10. ^ a b Bonyhady, Nick (14 September 2022). "Canva to go up against Microsoft and Google". The Sydney Morning Herald. Retrieved 27 September 2022.
  11. ^ a b Cook, Jordan. "Canva, now valued at $3.2 billion, launches an enterprise product". TechCrunch. Retrieved 6 February 2020.
  12. ^ "Canva raises $60 million at valuation of $6 billion". Bloomberg. 22 June 2020. Retrieved 24 June 2020.
  13. ^ Konrad, Alex. "Canva Raises At $40 Billion Valuation — Its Founders Are Pledging Away Most Of Their Wealth". Forbes. Retrieved 19 September 2021.
  14. ^ "Canva: Australian online design platform valued at $40bn". BBC News. 15 September 2021. Retrieved 13 January 2022.
  15. ^ Campbell, Rebekah (15 September 2014). "The Problem With Going Into Business With a Friend". The New York Times. Archived from the original on 21 December 2014. Retrieved 21 December 2014.
  16. ^ Pankaj, Mishra. Canva Raises $3 Million To Make Design Accessible To Everyone Archived 30 March 2019 at the Wayback Machine Tech Crunch. 16 April 2014.
  17. ^ "Graphic design startup Canva just turned into a unicorn". Fast Company. 8 January 2018. Archived from the original on 27 June 2018. Retrieved 27 June 2018.
  18. ^ a b "New Sequoia China investment values Australian design company Canva at $1 billion – TechCrunch". techcrunch.com. Archived from the original on 27 June 2018. Retrieved 27 June 2018.
  19. ^ Stanton, Kate; Griffith, Hywel (9 January 2018). "The 30-year-old woman who designed a $1bn business". BBC News. Archived from the original on 28 July 2018. Retrieved 9 January 2018.
  20. ^ Chau, David (9 January 2018). "Canva: Online design startup joins generally overvalued 'unicorn' club". ABC News. Australia. Archived from the original on 12 January 2018. Retrieved 9 January 2018.
  21. ^ Clark, Kate. "Graphic design platform Canva valued at $2.5B with new funds". TechCrunch. Archived from the original on 27 June 2019. Retrieved 2 July 2019.
  22. ^ Hennessy, James (6 December 2019). "Canva has announced a slew of new products, including a video editing tool and an education offering". Business Insider Australia.
  23. ^ Crook, Jordan (17 June 2020). "Canva design platform partners with FedEx Office as it pushes further into the US". TechCrunch.
  24. ^ "Office Depot Enhances Print Services Portfolio with New Graphic Design Solutions Powered by Canva". Bloomberg. 16 July 2020.
  25. ^ Tse, Crystal; Roof, Katie; Tan, Gillian; Lee, Yoolim (22 June 2020). "Australia's Canva Startup Almost Doubles Valuation to $6 Billion". Bloomberg.
  26. ^ "Canva: Australian online design platform valued at $40bn". BBC. 16 September 2021. Retrieved 20 September 2021.
  27. ^ "Canva founders to give $16.5b fortune away". Australian Financial Review. 14 September 2021. Retrieved 19 September 2021.
  28. ^ "Australian tech unicorn Canva suffers security breach". ZDNet. Retrieved 7 December 2019.
  29. ^ "139 Million Users Hit in Canva Data Breach". Tom's Guide. 24 May 2019. Retrieved 7 December 2019.
  30. ^ Smith, Paul. "Canva criticised after data breach exposed 139m user details". Retrieved 5 September 2020.
  31. ^ Palmer-Derrin, Stephanie. ""Marketing fluff": What startups can learn from Canva's data-breach response". Retrieved 5 September 2020.
  32. ^ "Canva Security Incident – May 24 FAQs". Canva. 17 January 2020. Retrieved 16 August 2022.{{cite web}}: CS1 maint: url-status (link)
  33. ^ Powell, Dominic. "SmartCompany". Retrieved 6 February 2020.
  34. ^ Jonathan, Shieber. "Australia's design unicorn, Canva, picks up two free image-sharing services, and launches new photo product". TechCrunch. Retrieved 10 December 2019.
  35. ^ Lee, Yoolim (22 February 2021). "Australia's Canva Buys European Design Startups to Fuel Growth". Bloomberg.com. Archived from the original on 22 February 2021. Retrieved 23 February 2021.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Canva&oldid=1124968975"