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 »
Staff at Canva, along with early-stage investors such as Australia’s leading VCs, are close to hitting the jackpot for their initial belief in the global design platform, with around US$1 billion (A$1.49bn) in privately owned shares set to change in the coming weeks as a secondary market sale. US tech site The Information published news… Read more »
If you’ve ever stared at your fridge contents like a Masterchef mystery box, wondering how to turn it all into dinner, then a new recipe platform, which just scored $4.15 million in Seed funding from the likes of Blackbird Ventures, could be the answer. Called Clove, it’s been developed by two former Canva employees, the… Read more »
Australian design platform Canva is seeking to address the fundamental concerns of the creator economy in the wake of the Hollywood writers strike by offering an artificial intelligence (AI) royalty program over the next three years as part of its new product release, AI design tool Magic Studio. Cofounder and CEO Melanie Perkins said the… Read more »
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 »
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 »
What do Regrow Ag CEO and cofounder Anastasia Volkova and Skims founder Kim Kardashian have in common? Well, they’re both among the 20 industry leaders chosen by Time magazine for its list of the world’s 100 most influential companies. Regrow began life in 2016, as part of Sydney University’s “Inventing the Future” innovation program. Its… Read more »
Canva is setting up a US$50 million (A$74) innovation fund to back app developers to create new experiences for the design platform. The Canva Developers Innovation Fund was announced at the company’s first developer conference, Canva Extend, in San Francisco today. The 10-years software giant also released the Canva Apps SDK (Software Development Kit) for… Read more »
Kantar BrandZ Top 40 Most Valuable Australian Brands top US$125bn in brand value Banks (37%) and Retail (24%) are the dominant categories in the Top 40 Australians are rewarding brands that are meaningful and relevant Design platform Canva is now the country’s second most valuable brand, behind the Commonwealth Bank of Australia, according to the… Read more »
Privately-owned design platform Canva is among multiple Australian tech companies with funds stuck in Silicon Valley Bank (SVB), which was seized by Californian regulators on Friday after customers tried and failed to withdraw an estimated US$40 billion in funds. After an anxious weekend wondering if they’d see their money again, US officials stepped in earlier… Read more »
Melanie Perkins is an ambition-driven creative, making transformative impacts on the world of graphic design. She is CEO and co-founder of Canva, which launched in 2014. Kochie’s Business Builders editor Cec Busby untangles the truth behind Canva’s ‘overnight success’ in this interview with Perkins. Starting from scratch Melanie Perkins’ passion for design has been present… Read more »
Global tech giant Microsoft is taking on Canva with a new free graphic design app in Microsoft 365. A web preview of the Designer app is already available for early use, with the company’s corporate VP, Liat Ben-Zur, saying the app is born out of PowerPoint, where Designer uses AI to make template suggestions as you… Read more »
As Melanie Perkins struggled to raise venture capital for Canva back in 2011, one of the first pitch decks she put together featured an easy to use website builder. A decade later, Perkins has realised her dream amid a suite of product upgrades unveiled this week. The cofounder and CEO of Canva said that it… Read more »
Airtree has followed in the footsteps of major VCs Square Peg Capital and Blackbird Ventures, cutting the valuation of its holding in tech giant Canva by 36%. The decision drags down the value of its early funds by Sydney investor by 18%. Blackbird and Square Peg had already reduced the value of their stakes in… Read more »
Australian design giant Canva has made its debut on the annual CNBC Disruptor 50, a list of fast-growing, innovative private startups harnessing breakthrough technology. Even more remarkably, Canva was listed at no. 4, behind Flexport, Brex and Lineage Logistics, and ahead of the likes of Guild Education, Convoy Blockchain.com, Stripe, Dapper Labs and Pony.ai, which all… Read more »
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