Canva is a powerful graphic design tool that has been revolutionizing the way people create digital artwork since its launch in 2013. With millions of users worldwide, Canva has quickly become one of the most popular design tools on the market. The company has seen incredible success and growth in recent years, fueled by its user-friendly platform and comprehensive library of templates, images, and fonts.
Canva’s success is demonstrated by its impressive revenue figures. In 2018, Canva reported $25 million in annual revenue; this number jumped to $87 million in 2019.
Additionally, Canva raised an additional $85 million in venture capital funding that same year. This money was used to expand their staff and product offering, as well as to invest in marketing initiatives.
In 2020, Canva continued to see tremendous growth with revenues reaching a reported $135 million. This led to their valuation being raised from $3 billion in 2019 to $6 billion this year. This number is expected to increase substantially as the company continues to add new features and products.
Canva has also been successful when it comes to acquisitions. In 2018 they acquired design tool Pexels for an undisclosed amount; they also acquired startup Kaleido for an estimated $15 million.
How Much Money Has Canva Made?
Canva has seen tremendous success since it was founded in 2013 with revenues reaching over $135 million in 2020. Additionally, the company has secured over $170 million worth of venture capital funding over the years and has made several successful acquisitions totaling millions of dollars.
Canva has achieved great success since its launch almost a decade ago with revenues totaling over $135 million in 2020 alone. The company’s impressive growth is due largely to their user-friendly platform, comprehensive library of templates, images and fonts, and strategic acquisitions of other companies. All these factors have helped make Canva one of the most popular design tools on the market today.