Yesterday
It was called the ‘next Canva’, so Canva bought it
Canva has acquired AI design start-up Leonardo.AI in a surprise deal worth over $120 million. The ACCC is taking notice.
- Staff reporter
June
- Updated
- Workplace culture
Canva co-founder calls for ‘wartime’ approach to staff performance
Cliff Obrecht says companies that let poor performance slide are forced to do big lay-offs, something the graphic design group headed for an IPO has avoided.
- Updated
- Nick Bonyhady
What Canva, Rokt and Aussie VCs have learned about US IPOs
After Life360’s oversubscribed Nasdaq debut fund managers predict 2025 will see a rush of private tech companies testing the public markets. Canva and Rokt are watching closely.
- Tess Bennett
May
- Exclusive
- Start-ups
‘If you don’t like it, get a job at a bank’: Canva boss
The design software giant’s all-singing, all-dancing debut event in Los Angeles came with a host of new features – and rumblings of a cost to its tired staff.
- Nick Bonyhady
- Exclusive
- Start-ups
Canva, in the US, lifts the lid on its plan to win over Wall Street
It has hit $US2.3 billion revenue, but growth among individual users is slowing, so Canva is relying on big customers to keep its financials in IPO-shape.
- Nick Bonyhady
April
Canva millionaires made as $US1.6b share sale completes
The design software giant has finalised the first tranche of a share sale it has signalled will reach $3.6 billion, with rich rewards for early staff and investors.
- Nick Bonyhady and Tess Bennett
- Analysis
- The Breakdown
‘AI honeymoon is over’, Canva co-founder declares
Just two years after the last technology bubble burst, investors shouldn’t mistake AI tools that look like magic for a business model that is.
- Nick Bonyhady
February
Keating’s list of business greats spans miners and property moguls
Keith Campbell, Rod Carnegie and Marius Kloppers were all praised by the prime minister who oversaw a period of great change in the Australian economy.
- Michael Stutchbury
October 2023
Australia’s 100 richest people under 40 revealed
The Young Rich List, now in its 20th year, shows shop owners are thriving in another patchy year for tech founders, and there’s a new young billionaire in town.
- Updated
- Michael Bailey
August 2023
Super funds cash in as Blackbird sells down Canva stake
The company has been under scrutiny after local venture capital firms followed US investors in marking down their valuations by almost $US15 billion.
- Paul Smith
March 2023
- Exclusive
- Start-ups
No IPO and a valuation plunge, but Canva’s private shares are in demand
Canva co-founder Cliff Obrecht says demand for private stock in the design software company is through the roof, despite investors marking its value down last year.
- Jessica Sier
February 2023
‘We want to be accountable’: Canva on its struggle to give money away
The path to setting up one of the country’s largest philanthropic funds is complex, says Canva co-founder Cliff Obrecht.
- Updated
- Jemima Whyte
What Bill Gates regrets and the best piece of advice he’s received
White Lotus and Drive to Survive are among the billionaire’s favourite streaming shows.
- Paul Smith
January 2023
Australia’s ban on nuclear is ‘political’: Gates
The billionaire and climate advocate says the country might have to sit out the next 15 years of nuclear energy development because of political wrangling.
- Paul Smith
October 2022
- Opinion
- Chanticleer
APRA probes big super on Canva
The superannuation regulator has questioned a handful of industry super funds about their approach to valuing the high-profile tech stock.
- Tony Boyd
September 2022
- Analysis
- Tech Observed
Canva co-founder makes his case for huge valuation
While talking up Canva’s big global ambitions last week, Cliff Obrecht also wanted to set the record straight about criticism of its previously high valuation.
- Jessica Sier
Cliff Obrecht torn by Canva’s valuation
The billionaire is really struggling to land his lines on this issue...
- Joe Aston
Canva launches direct assault on Microsoft, Google
The design software company has shrugged off its recent valuation plunge, unveiling a major product expansion that puts it in direct competition with global giants.
- Jessica Sier
August 2022
Canva couple drop off top 500 billionaire list
Melanie Perkins and Cliff Obrecht no longer appear on a real-time, international ranking of the world’s richest 500 billionaires.
- Andrew Hobbs
July 2022
- Opinion
- Chanticleer
Blackbird reveals Canva’s $14b plunge in value
A key investor in Australia’s most valuable privately owned tech company, Canva, has slashed its valuation after adopting a “mark-to-market” methodology.
- Updated
- Tony Boyd