Canva valued at $32 billion, $2.3 billion in Annual Recurring Revenue, positioning as strong competitor

From Investing.com: 2024-12-25 05:00:00

Canva, a leading online graphic design platform, has reached a valuation of $32 billion after a $1.6 billion secondary offering in October 2024. With over 220 million users globally, Canva serves individual creators to enterprise clients like Salesforce and Sony Music. The company’s $2.3 billion in Annual Recurring Revenue showcases its strong market presence and diverse offerings, including AI-powered tools and user-friendly interfaces. Analysts believe Canva’s innovation and strategic acquisitions position it as a formidable competitor against industry giant Adobe in the digital media market.



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