Canva at a glance
Question | Answer | As of |
|---|---|---|
Layoffs | 1,271 people (22%) affected by a restructure: job cuts, role changes and relocations | Nov 4, 2026 |
Who owns Canva? | Its co-founders (Perkins and Obrecht about 18% each, Adams about 9%, per Forbes), employees and investors such as Blackbird, Sequoia, T. Rowe Price and Fidelity; no public shares | 2026 |
Valuation | Last priced at $42B (Aug 2025 share sale); investors now mark it at $30–39B | Aug 2026 |
Revenue | Over $4B in annualized revenue at the end of 2025, up 36%; 2026 growth forecast cut to 20% | Aug 2026 |
Users | 265M monthly active users, 31M of them paying | End of 2025 |
Profitable | Yes, for nine years | Apr 2026 |
Employees | About 5,800 before the restructure (implied by 1,271 = 22%; Canva publishes no total) | Nov 2026 |
CEO | Melanie Perkins, co-founder | Nov 2026 |
Founded | 2012 in Sydney by Melanie Perkins, Cliff Obrecht and Cameron Adams; launched in August 2013 | 2012 |
Headquarters | 110 Kippax Street, Surry Hills, Sydney | Nov 2026 |
IPO | Not yet; COO Cliff Obrecht expects 2027 | Apr 2026 |
Email format | {first}@canva.com, alongside {first}{last}@canva.com | Nov 2026 |
Canva Pty Ltd (ABN 80 158 929 938) was registered in Sydney in June 2012 (ABN Lookup). In 2025 Canva set up a US parent company, which it said prepares it “for a future IPO” (Startup Daily). US customers contract with Canva US, Inc. in Austin, Texas (Canva). In 2026 four Canva companies paid A$792,000 in infringement notices to Australia’s corporate regulator for filing their 2024 accounts late (ASIC).
Canva layoffs: 1,271 roles affected (November 2026)
On November 4, 2026 (Sydney time; the evening of November 3 in the US), CEO Melanie Perkins told staff that Canva would make “significant changes to how we’re organised, where some of our teams are based, and the roles and skills we need for the future”. “This means 1,271 people, or 22% of Canva, will be impacted,” she wrote (Canva). For some that means a new role or a move; others are leaving. Canva hasn’t said how many lose their jobs, so headlines that 1,200 were laid off overstate it.
Her reason: “This has been our hardest year yet, and as we shared earlier this year, our growth has slowed for the first time in a decade.” Small changes wouldn’t be enough, she wrote; “we need to refound Canva, getting back to our roots of small, empowered teams” (Canva). The memo doesn’t mention AI. In August Canva had cut its 2026 revenue growth forecast by a third, to 20%, after its AI features cost more to run than expected (Fortune).
What changes | Detail |
|---|---|
Who is affected | 1,271 people, 22% of Canva: some leave, some change roles, some must move to “centralised hubs” |
Organisation | Product, Growth and Platform merge into one Product Org, with fewer layers and fewer narrow specialist roles |
Location | Sydney becomes the main home for more product teams; from January most hybrid staff work 2–3 days a week in the office |
Severance | At least six months’ salary, including statutory entitlements, in every country |
Equity | The one-year vesting cliff is removed for people who joined in the past year |
Health | 12 months of healthcare where Canva already provides it, and 12 months of its employee assistance program, families included |
Starting up | US$10,000 grants from a new Canva Collective Fund, with no equity taken; registration closes December 14 |
Finding work | An opt-in alumni directory; Perkins asked employers who are hiring to email her at mel@canva.com (LinkedIn) |
What’s next | A company All Hands on November 10, then team meetings from November 11 |
It is Canva’s largest restructure. Earlier cuts were small: 10 of its 12 technical writers in March 2025 (Information Age) and 32 finance roles in January 2026 (Capital Brief). The news was covered by the ABC (ABC), TechCrunch (TechCrunch) and Startup Daily (Startup Daily).
Who owns Canva?
Canva is private. Perkins and her husband, co-founder and COO Cliff Obrecht, own about 18% each, Forbes estimates (Forbes), and co-founder Cameron Adams about 9% (Forbes Australia). In 2021 Perkins and Obrecht pledged “the vast majority of our equity (30% of Canva)” to charity through the Canva Foundation (Medium) (Canva). The rest belongs to employees and investors: Blackbird, AirTree, Felicis, Sequoia, Bond, General Catalyst, Bessemer, T. Rowe Price, Franklin Templeton, Dragoneer, Fidelity and others.
What is Canva’s revenue?
Canva ended 2025 with over $4 billion in annualized revenue, up 36% (TechCrunch) (Canva), and has been profitable for nine years, Cliff Obrecht said in April 2026 (Capital Brief). Growth is slowing: revenue in the June 2026 quarter was US$921.9 million, up 25.2%, and Canva expects 20% growth for 2026, down from 30% (SmartCompany).
Date | Figure | Source |
|---|---|---|
Jun quarter 2026 | US$921.9M revenue, up 25.2%; US$1.47B in cash | |
End of 2025 | Over $4B annualized revenue, up 36%; $500M of it from businesses with more than 25 seats | |
Nov 2025 | $3.5B annualized revenue; over 28M paying customers | |
Aug 2025 | $3.3B annualized revenue | |
Oct 2024 | $2.5B annualized revenue | |
Sep 2021 | On track to pass $1B in annualized revenue | |
2017 | First profitable year |
At the end of 2025 Canva had 265 million monthly active users, 31 million of them paying (TechCrunch), and it says 95% of the Fortune 500 use it (Canva).
How much is Canva worth? Funding and valuation
Canva’s last fundraising round was $200 million at a $40 billion valuation in September 2021, led by T. Rowe Price (Canva). Since then its shares have changed hands in secondary sales: at $32 billion in October 2024 (Forbes Australia) and at $42 billion in an employee share sale led by Fidelity in August 2025 (Fortune).
Date | Round | Amount | Led by | Valuation | Source |
|---|---|---|---|---|---|
Aug 2025 | Employee share sale | Not disclosed | Fidelity | $42B | |
Oct 2024 | Investor share sales | Not disclosed | Not disclosed | $32B | |
Sep 2021 | Funding round | $200M | T. Rowe Price | $40B | |
Apr 2021 | Funding round | $71M | T. Rowe Price and Dragoneer | $15B | |
Jun 2020 | Funding round | $60M | Blackbird and Sequoia China | $6B | |
Oct 2019 | Funding round | $85M | Not disclosed | $3.2B | |
May 2019 | Funding round | $70M | Not disclosed | $2.5B | |
Jan 2018 | Funding round | $40M | Sequoia China | $1B | |
Sep 2016 | Funding round | $15M | Blackbird and Felicis | $345M | |
2015 | Series A | $15M | Blackbird and Matrix | $165M | |
Mar 2013 | Seed | $3M | Matrix, InterWest and 500 Startups | Not disclosed |
By our sum of the rounds above, Canva has raised at least $500 million from investors; it publishes no total. TechCrunch calls the April 2021 deal a secondary sale rather than a raise (TechCrunch).
Investors have marked Canva down in 2026. T. Rowe Price valued its stake at an implied $30.4 billion as of August 31 (Forbes Australia), Blackbird and AirTree cut their marks 17% to $34.9 billion, and Canva’s own valuation for employee shares fell to $31 billion (Capital Brief). There is no IPO filing yet. “From all metric accounts, we are fully IPO ready,” Obrecht said in April; “I assume it will be next year” (Capital Brief).
What does Canva make? Products and acquisitions
Canva started as a simple online design tool and now sells a suite for work: Docs, Presentations, Whiteboards, Websites and Sheets, the Magic Studio AI tools and Canva AI 2.0, an AI assistant that designs from a prompt, launched in April 2026 (Canva). In October 2026 it released Canva Craft, its first in-house image model (Canva). It also made Affinity, the professional design suite it bought in 2024, free for everyone in October 2025 (Canva).
Date | Acquisition | What it does | Source |
|---|---|---|---|
Apr 2026 | Simtheory and Ortto | AI agents; marketing automation | |
Mar 2026 | Doohly | Digital billboard advertising, reportedly for $30M | |
Feb 2026 | Cavalry and MangoAI | 2D motion design; AI for ad campaigns | |
Jul 2024 | Leonardo.ai | AI image generation | |
Mar 2024 | Affinity (Serif) | Professional design apps, about $380M | |
Feb 2021 | Kaleido and Smartmockups | remove.bg background removal; product mockups | |
May 2019 | Pexels and Pixabay | Free stock photos |
In September 2024 Canva raised prices for customers on its older Teams plans, in some cases from $119.99 to $500 a year for five people, TechCrunch reported (TechCrunch).
Who is the CEO of Canva?
Melanie Perkins is Canva’s co-founder and CEO. She grew up in Perth, and while studying at the University of Western Australia she taught other students to use design software, which gave her the idea for Canva (BBC). She started Canva with Cliff Obrecht, now her husband and COO, and Cameron Adams, its Chief Product Officer (Forbes).
Person | Role | Source |
|---|---|---|
Melanie Perkins | Co-founder and CEO | |
Cliff Obrecht | Co-founder and COO; Perkins’ husband | |
Cameron Adams | Co-founder and Chief Product Officer | |
Kelly Steckelberg | CFO since November 2024; formerly CFO of Zoom | |
Simon Newton | Head of technology since CTO Brendan Humphreys stepped down in 2026 | |
Nirmal Govind | Chief Algorithms Officer since February 2026; formerly at Netflix |
Full bio and contact routes: Canva CEO Melanie Perkins: email address, LinkedIn and bio.
Where is Canva headquartered?
Canva is headquartered at 110 Kippax Street in Surry Hills, Sydney (Canva). It has teams in 37 countries (Canva) and offices in Australia, the US, the UK, the Philippines, New Zealand, Austria, the Czech Republic and China (Canva), including Austin, its US base, and London’s Hoxton Square, its European headquarters (Canva). Under the restructure, Sydney becomes the main home for more of its product teams (Canva).
What is Canva’s email format?
Canva uses two formats at once: {first}@canva.com and {first}{last}@canva.com. Its own press releases list media contacts in both shapes (Business Wire), Clay marks first@ as verified (Clay), and Prospeo puts first+last first (Prospeo). Staff mail runs on Google Workspace.
Need | Official address |
|---|---|
Customer support and billing | Help form only, no email |
Press | comms@canva.com |
Security | Bug bounty on Bugcrowd, or security@canva.com |
Trust and safety | trust@canva.com |
All patterns, domains and official inboxes: Canva email format.
Key events: from a Perth yearbook business to $4 billion
Date | Event |
|---|---|
Nov 4, 2026 | Restructure affecting 1,271 people, 22% of staff (Canva) |
Oct 2026 | Releases Canva Craft, its first image model (Canva) |
Aug 2026 | Cuts its 2026 growth forecast from 30% to 20% (Fortune) |
Apr 2026 | Launches Canva AI 2.0; Obrecht expects an IPO in 2027 (Capital Brief) |
Feb–Apr 2026 | Buys five companies, including Cavalry and Ortto (Startup Daily) |
End of 2025 | Passes $4B in annualized revenue (TechCrunch) |
Oct 2025 | Makes Affinity free (Canva) |
Aug 2025 | Employee share sale at $42B (Fortune) |
Jul 2024 | Buys Leonardo.ai (Canva) |
Mar 2024 | Buys Affinity (TechCrunch) |
Sep 2021 | Raises $200M at $40B (Canva); the founders pledge 30% of Canva to charity (Medium) |
Jan 2018 | Valued at $1B (TechCrunch) |
2017 | First profitable year (TechCrunch) |
Aug 26, 2013 | Canva launches publicly, backed by $3M (TechCrunch) |
2012 | Canva Pty Ltd is registered in Sydney (ABN Lookup) |
More on Canva and similar companies
Canva email format: both patterns, domains and official inboxes
Canva CEO Melanie Perkins: her story, the two-step plan and how to reach her
Figma in 2026: Canva’s design-software rival, now a public company
Design SaaS companies and APAC SaaS companies: the full lists
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