Canva is arranging a secondary share sale of $400M–$500M at a $37B valuation, just below its 2021 peak. The 13-year-old design software company generated $175M in free cash flow last quarter and is on pace for $3B in annualized revenue. While profitable and well-capitalized, Canva is prioritizing AI investments and product growth over an imminent IPO.
Canva Plans Share Sale at $37B Valuation as IPO Waits
Paul Drecksler is the founder and editor of Shopifreaks E-commerce Newsletter, covering the most important stories in e-commerce.
Never miss important e-commerce news
Our weekly newsletter is read each week by 20,000+ e-commerce professionals.