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Canva shareholders sell $1.5 billion worth of shares at $26 billion valuation, matching previous round

Canva shareholders sell $1.5 billion worth of shares at $26 billion valuation, matching previous round

Zerroug Nadjib's photo
Zerroug Nadjib
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1 min read

  • Canva Inc., the Australian software company, is raising over $1.5 billion through a share sale.

  • The sale involves current and former employees of Canva and values the company at around $26 billion.

  • In 2023, Canva generated over $2 billion in annualized revenue.

  • The share sale is being managed by Goldman Sachs Group Inc. but is not intended to raise new capital.

  • Canva competes with Adobe Inc. and has gained popularity among smaller companies and Gen Z users.

  • Canva's platform has 170 million monthly active users across 190 countries and is trusted by major brands such as FedEx, Starbucks, and Zoom.

  • The company has recently introduced artificial intelligence features, putting it in direct competition with Adobe.

  • Canva's list of investors includes Franklin Templeton, Bessemer Venture Partners, and Blackbird Ventures.

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