According to Bloomberg, Canva, the Australian design software, is estimated to have generated $2 billion in revenue in 2023. However, this figure has not been publicly reported.
This growth figure has prompted the company to consider a potential initial public offering (IPO) for interested investors. The sellers include both existing investors and former employees, with the total value of the sales exceeding $1.5 billion. This marks a significant milestone for Canva, as it values the company’s business at $26,000 million.
Currently, Canva has approximately 170 million users worldwide. The program is popular among small businesses and the younger generation. Additionally, larger companies are increasingly adopting Canva, with notable investors such as Franklin Templeton, Bessemer Venture Partners, and Blackbird Ventures.
TLDR: Canva, the Australian design software, is expected to have generated $2 billion in revenue in 2023. This growth has led the company to consider an IPO, with sales exceeding $1.5 billion. Canva currently has 170 million users and is popular among small businesses and the younger generation. Investments from notable companies further underline Canva’s success.
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