Canva IPO on the cards as ex-Disney CEO buys stake in it?

3 min read | May 30, 2022 11:02 AM EDT | By Raza Naqvi

Canva IPO on the cards?

The company hasn't officially announced its initial public offering plans, and only rumours and speculations have surfaced over the past few months regarding Canva's public debut plans.

In September 2021, Canva secured US$ 200 million in a funding round led by T. ROWE Price. Also, the design company's backers include venture capital firms like Greenoaks Capital and Sequoia Capital Global Equities.

Canva has a solid global presence, and its services are used by Fortune 500 companies like Zoom, Marriott International, and Salesforce.

The graphics design company has grown extremely popular since its inception, and one of the reasons behind this is its availability on both the platforms- Android and iOS.

Due to recession fears, rising inflation, and the ongoing war between Ukraine and Russia, it is highly unlikely that Canva would choose to go public. If the company has an IPO plan, it will likely wait before going public.

Bottom line

Canva is probably the most popular design company worldwide and has helped users create more than seven billion designs.

The official website claims it has over 60 million monthly active users and has a presence in more than 190 countries. Canva was launched in 2013 and had more than 2,000 employees.

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