Canva, the popular graphic design platform, has been turning heads recently after rumors of a potential Initial Public Offering (IPO). With news of this development, many have been asking if Canva is indeed going public.
Canva is an Australian graphic design platform that enables users to create custom designs. It was founded as a startup in 2012 and quickly gained traction as people found it to be an easy-to-use tool for creating visuals. The company has since grown at a rapid pace and now has offices in Australia, the US, and the Philippines.
The company’s success can be attributed to its wide range of features such as its library of pre-made templates, its drag-and-drop interface, and its vast selection of stock photos and vectors. Its user base has grown from mostly small businesses to include some large corporations as well.
In 2019, Canva announced it had raised over $300 million in funding from investors including Google Ventures, Sequoia Capital, Blackbird Ventures, and others. This brought the company’s total valuation up to $3 billion – a huge leap from its $15 million valuation in 2014.
Rumors of an IPO began circulating earlier this year when it was reported that Canva was in talks with potential underwriters such as Goldman Sachs and Morgan Stanley. The company has yet to comment on these reports but many believe that an IPO could be on the horizon for Canva.
If Canva does decide to go public it could have far-reaching implications for the design industry as well as the technology sector at large. It would also provide another opportunity for investors to get in on what is shaping up to be one of the most successful tech startups of all time.
It remains unclear if Canva is indeed going public but there is certainly evidence that suggests it could be happening soon. If it does decide to go public it could have far reaching implications for both tech and design industries alike – not just for investors but also for users who will benefit from increased access to features and resources provided by Canva’s platform after going public.