Canva
File:Canva Logo.png | |
Company type | Private |
---|---|
Industry | |
Founded | 2013 |
Founders |
|
Headquarters | , Australia |
Area served | Worldwide |
Products | Canva, Canva Pro, Canva for Enterprise, Canva for Education |
Revenue | 2,000,000,000 United States dollar (2023) |
Number of employees | 2,000[1] (September 2021) |
Parent | Canva Inc.[2] |
Subsidiaries | |
Website | www |
Canva is an Australian graphic design platform, used to create social media graphics, presentations, posters, documents and other visual content.[4][5][6] The app includes templates for users to use. The platform is free to use and offers paid subscriptions such as Canva Pro and Canva for Enterprise for additional functionality.[7] The subscription price for Canva Pro is $119.40 per year for up to 5 people. Canva Pro can be provided to nonprofit organizations for free if they meet the guidelines. The subscription price for Canva for Enterprise is $30 per month per each person.[8] In 2021, Canva launched a video editing tool.[9] Users can also pay for physical products to be printed and shipped.[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 and announced a valuation of US$40 billion.[13][14]
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 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[update], 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, addresses and geographical information, and password hashes for some users.[29] Canva's handling of the breach from a technical perspective was largely commended, but it faced criticism for an initial email to customers, which buried the details below self-congratulatory marketing content.[30][31]
Acquisitions
In 2018, the company acquired presentations startup Zeetings for an undisclosed amount, as part of its expansion into the presentations space.[32]
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.[33]
In February 2021, Canva acquired Austrian startup Kaleido.ai and the Czech-based Smartmockups.[34]
References
- ^ Konrad, Alex (14 September 2021). "Canva Raises At $40 Billion Valuation — Its Founders Are Pledging Away Most Of Their Wealth". Forbes.
- ^ "CANVA PTY Ltd | OpenCorporation".
- ^ "Canva". www.canva.com.
- ^ Perez, Sarah (26 August 2013). "Canva Launches A Graphic Design Platform Anyone Can Use". Tech Crunch'. Archived from the original on 2 September 2019.
- ^ 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.
- ^ Swallow, Erica (18 November 2013). "Canva Makes Great Design More Accessible". Forbes. Archived from the original on 16 August 2018.
- ^ 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.
- ^ Gehred, Alison Paige (1 April 2020). "Canva". Journal of the Medical Library Association. 108 (2): 338–340–338–340. doi:10.5195/jmla.2020.940. ISSN 1558-9439. PMC 7069818.
- ^ "Canva is getting into video". TechCrunch. Retrieved 9 November 2021.
- ^ Castles, Angela. "Canva gets physical with 'Canva Print' to cement US foothold". SmartCompany. Retrieved 6 February 2020.
- ^ a b Cook, Jordan. "Canva, now valued at $3.2 billion, launches an enterprise product". TechCrunch. Retrieved 6 February 2020.
- ^ "Canva raises $60 million at valuation of $6 billion". Bloomberg. 22 June 2020. Retrieved 24 June 2020.
- ^ Konrad, Alex. "Canva Raises At $40 Billion Valuation — Its Founders Are Pledging Away Most Of Their Wealth". Forbes. Retrieved 19 September 2021.
- ^ "Canva: Australian online design platform valued at $40bn". BBC News. 15 September 2021. Retrieved 13 January 2022.
- ^ 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.
- ^ 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.
- ^ "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.
- ^ 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.
- ^ 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.
- ^ 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.
- ^ 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.
- ^ 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.
- ^ Crook, Jordan (17 June 2020). "Canva design platform partners with FedEx Office as it pushes further into the US". TechCrunch.
- ^ "Office Depot Enhances Print Services Portfolio with New Graphic Design Solutions Powered by Canva". Bloomberg. 16 July 2020.
- ^ Tse, Crystal; Roof, Katie; Tan, Gillian; Lee, Yoolim (22 June 2020). "Australia's Canva Startup Almost Doubles Valuation to $6 Billion". Bloomberg.
- ^ "Canva: Australian online design platform valued at $40bn". BBC. 16 September 2021. Retrieved 20 September 2021.
- ^ "Canva founders to give $16.5b fortune away". Australian Financial Review. 14 September 2021. Retrieved 19 September 2021.
- ^ "Australian tech unicorn Canva suffers security breach". ZDNet. Retrieved 7 December 2019.
- ^ "139 Million Users Hit in Canva Data Breach". Tom's Guide. 24 May 2019. Retrieved 7 December 2019.
- ^ Smith, Paul. "Canva criticised after data breach exposed 139m user details". Retrieved 5 September 2020.
- ^ Palmer-Derrin, Stephanie. ""Marketing fluff": What startups can learn from Canva's data-breach response". Retrieved 5 September 2020.
- ^ Powell, Dominic. "SmartCompany". Retrieved 6 February 2020.
- ^ Jonathan, Shieber. "Australia's design unicorn, Canva, picks up two free image-sharing services, and launches new photo product". TechCrunch. Retrieved 10 December 2019.
- ^ 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.