Visual Communications Platform Canva Announces USD 15 Billion Valuation; Launches Suite of Presentations Products for the Workplace

MANILA, PHILIPPINES, 7 April 2021 – Canva, the global visual communications platform, today announced an updated valuation of USD 15 billion following a USD 71 million investment. This latest valuation affirms Canva as one of the fastest-growing software companies in history, surpassing $500 million annualized revenue this year. The company also formally announced a suite of new features for its flagship workplace product, Canva Presentations, which empowers teams around the world to design with ease and collaborate at scale.

“Now more than ever, teams and workplaces around the world need scalable, collaborative and easy-to-use visual communication products to empower them to achieve their goals,” explained Canva co-founder and CEO, Melanie Perkins. “The launch of Presentations gives workplaces of all sizes a unique, flexible collaboration product that makes work feel like play. I’m incredibly proud of our rapidly growing global team as we work together to empower the world to design.”

Canva Emerges as one of the World’s Fastest-Growing Software Companies 

Canva’s surge in valuation is a direct result of the rapidly growing adoption from teams and workplaces across the globe as the company surpasses more than 55 million monthly active users and achieves a 130% year-over-year increase in annualized revenue while remaining profitable.

Canva has rapidly become the collaboration platform of choice for millions of teams and workplaces in more than 190 countries. Presentations have become the company’s fastest-growing use case, with more than 250 million created to date and 85% of Fortune 500 companies embracing Canva, the company is well poised to replace expensive and complex legacy alternatives.

As the world moves towards an increasingly visual and distributed environment, so does the demand for collaborative platforms that enable everyone to embrace visual communication. Canva’s exponential surge in valuation and increased demand from investors is attributed to the company’s enormous and underserved addressable market, in tandem with the company’s unwavering momentum as the workplace creativity tool of the future. 

“We are pleased to support Canva in its mission to help teams around the world to democratize visual communication,” said Alan Tu, Portfolio Manager of T. Rowe Price Global Technology Fund. “The company’s strong customer loyalty and consistent innovation has led to healthy growth, and we believe that they have the leadership team in place to continue on their path to becoming a much larger company in the future.”

“Canva's growth is a testament to the company’s deep insight into the creative and communication needs of an ever-evolving workplace and its outstanding execution in delivering tools that help teams collaborate and present more effectively,” said Christian Jensen, Partner at Dragoneer. “It’s incredible to see what this nimble and passionate company from Sydney’s emerging tech hub has been able to achieve in such a short period of time. We believe that there are only a small handful of truly special companies being built at any given moment— and Canva is one of them. We are thrilled to be working with Canva as they enter their next phase of growth.”

Canva Launches Suite of Presentation Products for the Modern Workplace

Today, Canva is the only platform that brings the entire design process together, empowering teams and workplaces of any size across every industry to easily achieve their goals while bolstering productivity and staying on brand. As the number of teams embracing Canva continues to surge, the company is investing heavily in its Presentations product for workplaces across the globe, announcing a suite of features designed to support an increasingly digital world as teams and workplaces adapt to a new hybrid model of work.

• Workplace Templates allow you to start inspired. From business plans, to pitch decks, training manuals, and status trackers, anyone can create a polished presentation.

• Talking Presentations empowers remote-friendly presentations. Now teams can record a presenter video that accompanies each slide and helps land every point, every time.

• Canva Live makes engaging presentations effortless. Now you can engage the audience anywhere in the world with live Q&A displayed on the screen during the session. 

• Mobile-First Presentations bring the power of Canva Presentations on-the-go. Teams can create a deck, share it, comment and review from anywhere.

• Magic Shortcuts surprise and delight the audience. From “C” for streaming confetti to “D” for a live drumroll, presentations just got a whole lot more interesting.

• Charts and Infographics simplify data storytelling. Visualize complex information with beautifully crafted infographics and animated charts; live data integrations coming soon.

The work suite of features is backed by Canva’s powerful collaboration tools as well as the platform’s rapidly growing content library of more than 9,000 professionally designed Presentation templates and over 100 million ingredients for design including photos, videos, audio tracks, and illustrations to help start any project inspired.

With more than 600 presentations created per minute, Canva is bolstering productivity and collaboration across leading brands including American Airlines, Live Nation, Kimberly Clark, McKinsey, and Salesforce. For more information on how you can embrace the future of visual communication, visit Canva.com. 

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About Canva

Launched in 2013, Canva is a free online visual communications platform with a mission to empower everyone in the world to design. Featuring a simple drag-and-drop user interface and a vast range of templates ranging from presentations, social media graphics, posters, apparel to videos, plus a huge library of fonts, stock photography, illustrations, video footage, and audio clips, anyone can take an idea and create something beautiful. Canva is available on desktop, web, iOS, and Android.

Don’t let the Pandemic Stop you from Achieving your Life Goals!

The COVID-19 pandemic has brought important realizations about the lives we lead. For many, it is a wake-up call to always be prepared and to continue working on their life goals.

Whether it’s your child’s education, starting your own business, or planning for your dream retirement, let time work to your advantage with AXA Target Date Fund, a Philippine peso-dominated fund that helps manage and grow your investment so you can achieve your long-term goals.

“Even when faced with many uncertainties right now, we must remain committed to our goals because they give our life purpose and direction, and in many cases, allow us to help our loved ones. And AXA is here as your partner to help fulfill those goals with the Target Date Fund,” says Rahul Hora, AXA Philippines chief executive officer and president.

The Target Date Fund diversifies a customer’s investment across a mix of fixed income instruments and stocks. To effectively ride out market volatility and help a client reach his goal, the investment is distributed into different asset classes which are reassessed over time as the client’s target date approaches.

This investment product lets policyholders enjoy AXA’s unique strategy that maximizes growth at the onset and then moves to preserve the investment as one moves closer to the target date of the goal. This is made possible as AXA’s fund managers will prioritize growth-oriented assets, such as equities, at the start. Then, the managers automatically move it for you to conserve assets in order to protect your gains by your target date.

Customers also have the flexibility to choose the date of their desired investment goal completion (2030, 2035, 2040, and 2045). Customers can opt to remain invested in the fund even after reaching their target date as the fund may still offer capital growth given its remaining allocation growth assets.

For new customers, the fund is a built-in feature of AXA insurance products like Asset Master. For existing customers of Ambition X, it is an additional investment option. With the Target Date Fund as part of the single-pay insurance plan, policyholders may have life insurance coverage of at least 125% of their initial investment. No matter what happens, clients can have peace of mind knowing that their investment can help achieve their life goals and that of their loved ones.

Life goals take time, and if you get started on them now, you can make time work to your advantage. For more information on Target Date Fund via AXA Asset Master and other products, visit axa.com.ph/savings-investment/asset-master.

Sign to Domino - Full Catalogue Available Digitally for the First Time Ever

Domino are immensely proud to announce the signing of my bloody valentine, with the band’s seminal catalogue being made available digitally in full for the first time ever as of today. New physical editions for each release will follow on 21st May 2021 and are available to pre-order now.

Isn’t Anything and loveless have been mastered fully from analog for deluxe LPs and also mastered from new hi-res uncompressed digital sources for standard LPs, with each being made available widely for the first time ever. Fully analog cuts of m b v will also be available on deluxe and standard LPs globally for the first time.

LISTEN TO MY BLOODY VALENTINE HERE

my bloody valentine, the quartet of Bilinda Butcher, Kevin Shields, Deb Googe and Colm Ó Cíosóig, are widely revered as one of the most ground-breaking and influential groups of the past forty years. During an era in which guitar bands denoted, at best, a retro-classicism, not only did my bloody valentine sound unlike any of their contemporaries, the band achieved the rare feat of sounding like the future.

With their debut album, Isn’t Anything (originally released in 1988), my bloody valentine revolutionised alternative music and heralded a new approach to guitar music for generations to come. The album birthed a sound which became a template for thousands of new subgenres, heralding a new approach to guitar music and studio production. Not only was it a new type of music, it paved the way for a new type of journalism; inciting comparisons to elemental phenomenon, tapping into how the music affected the psyche. Shields and Butcher frequently sang in a similar vocal range that allowed their voices to blend together. This had the effect of making their gender indistinguishable, to the point where their voices could be used as another melodic layer to complement the vertigo-inducing sounds made by Shields’ guitars.

The second my bloody valentine album, loveless, was released in 1991. Musically, it took an unexpected leap forwards, standing ahead of anything released at the time. Shields and the band moved further towards a music of pure sensation, creating textures and tones that could be felt as much as heard; with loveless the band created an album that overwhelmed the senses. loveless is widely considered a flawless whole and rightly regarded as a masterpiece; a 1990s equivalent to Pet Sounds, In A Silent Way or Innervisions, a record constructed by exploring the edges of what a recording studio is capable of. It is a record best experienced as a whole, in one sitting - a listening experience like no other and unmatchable in its sonic brevity.

ep’s 1988-1991 and rare tracks compiles the group’s four EPs, wherein many of their devoted fans’ favourite music lies. You Made Me Realise and Feed Me With Your Kiss both preceded the band’s debut album in 1988 in quick succession. In the gap between Isn’t Anything and loveless, the band released two further EPs; Glider (1990) and Tremolo (1991).

Finally re-emerging in 2013 after two full decades in relative hiding, their third album m b v is by turns their most experimental record but also their most melodic and immediate; proof real of their unerring desire for re-invention. Continuing to push boundaries of both music and genre, m b v is an album of astonishing music, some of which could lay claim to being of a type never been made before. Otherworldly, intimate and a visceral listen, m b v is a startling and beautiful metamorphosis of what was known of the my bloody valentine sound, pushing the boundaries of genre unlike any other band. The album’s closer, “Wonder 2” is an example of this, seeing Shields meld hypnotic guitar with drum’n’bass to astonishing result.

Isn’t Anything (REWIG158), loveless (REWIG159), ep’s 1988-1991 and rare tracks (REWIG162) and m b v (REWIG160) are available to pre-order in limited edition bundles via the mbv store HERE and Domino Mart HERE.