Canva was founded in Perth, Australia, by Melanie Perkins, Cliff Obrecht and Cameron Adams on 1 January 2012. In its first year, Canva had more than 750,000 users.[10] In April 2014, social-media and technology expert Guy Kawasaki joined the company as chief evangelist (brand promoter).[11] In 2015, Canva for Work was launched, focusing marketing materials.[12]
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.[13]
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.[14][15][13]
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.[16]
In October 2019, Canva announced that it had raised an additional A$85 million at a valuation of A$3.2 billion, and launched an enterprise product.[8]
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.[17]
In June 2020, Canva announced a partnership with FedEx Office;[18] and the following month with Office Depot.[19] As of June 2020, Canva’s valuation had risen to A$6 billion.[20]
Track2Training 