News: Premji Invest to infuse $50-$70 million fund in Canva

Funding & Investment

Premji Invest to infuse $50-$70 million fund in Canva

Australia-based popular graphic design platform Canva serves more than 170 million active users monthly across 190 countries.
Premji Invest to infuse $50-$70 million fund in Canva

After investing in an American firm Hippocratic AI, Premji Invest is reportedly planning to invest $50-$70 million in the popular graphic design platform Canva, based in Australia. This investment is part of Canva’s recent secondary market sale, valuing the company at $26 billion.

Canva’s global presence

Canva now has more than 170 million monthly active users across 190 countries. With AI products added to its suite of solutions, the company’s revenue has risen to A$2.7 billion (US$1.7 billion).

Canva also entered into AI-powered design that is expected to be a game changer for millions of users. In India, for example, people are shifting away from complex design tools to more intuitive AI-powered apps as they create visually appealing documents – not the least of which are digital portfolios and resumés among job candidates aiming to stand out.

Read full story

Topics: Funding & Investment

Did you find this story helpful?



How do you envision AI transforming your work?

Your opinion matters: Tell us how we're doing this quarter!

Selected Score :