Canva was founded in 2012 by Melanie Perkins, Clifford Obrecht, and Cameron Adams. In an interview with StartupSmart in May 2019, CEO Melanie Perkins stated that, “one of [their] goals is for Canva to become a household name,” but that becoming a publicly traded company was “not top of mind.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Canva is based out of New South Wales, Australia, and operates an online platform that provides graphic design services ranging from large enterprise solutions to customizing a Facebook cover photo. The company has raised over $300 million in Venture Capital funding from investors including Bessemer Venture Partners, Bond Capital, General Catalyst, Greenspring Associates, Global Founders Capital, AirTree Ventures, Blackbird Ventures, Shasta Ventures, Square Peg Capital, Felicis Ventures, and Sequoia Capital. Per company press releases, Canva last raised $60 million in June 2020 at a post-money valuation of $6 billion.