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
May
- Exclusive
- Rich List
Australia’s wealthiest 200 now control $625b
Technology is back, resources rode a roller coaster and property growth returned, giving Australia’s Rich Listers an 11pc boost to their total fortune.
- Updated
- Yolanda Redrup and Michael Bailey
- 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
Macquarie, ANZ and Canva CEOs help power Australia’s India push
Governments hope to prevent another false dawn in bilateral trade and investment by getting business to work on policy.
- James Eyers
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
January
Canva share sale booms as revenue races higher
Canva will raise over $1.5 billion in an upcoming sale of shares, with the company revealing that AI enthusiasm helped its revenue crack the $US2 billion mark.
- Paul Smith
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
- Exclusive
- Funding
Canva won’t list before 2025, but investors will still get rich soon
The graphic design software company is such a success that guessing when its IPO will be held has become a parlour game for the Australian technology sector.
- Nick Bonyhady
September 2023
Australia’s five most powerful tech leaders for 2023
From a funding winter to cyberattacks and the rise of artificial intelligence, it has been a big year for Australian techies.
- Paul Smith
- Exclusive
- Voice to parliament
Why Canva’s Melanie Perkins is finally backing the Voice
Even some of Australia’s most progressive companies have been wary of endorsing the Voice as No campaigners seek to portray them as “elites”.
- Nick Bonyhady
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
July 2023
What Canva and SafetyCulture see when they look in the mirror
The promising start-ups star in a new self-made documentary, which gives an insight into how they seem themselves.
- Mark Di Stefano
- Exclusive
- Mergers & acquisitions
‘I’m the new Melanie Perkins’: Liven aims high with four acquisitions
Hospitality tech firm Liven has kept a relatively low profile for a tech start-up, but it has now completed a $152m acquisition spree and has big expectations.
- Paul Smith
Tech party is over as Canva and Atlassian get tough, and perks dry up
After years of their firms topping best places to work lists with enviable perks, Canva, Atlassian and their tech peers are using tough rankings and jettisoning the niceties.
- Mark Di Stefano, Jessica Sier and Nick Bonyhady
June 2023
Forrest mega-gift to cajole other billionaires to give more
The $5 billion donation from Andrew and Nicola Forrest to their Minderoo Foundation will likely serve as a powerful exemplar for Australia’s peer-conscious billionaires.
- Michael Bailey
February 2023
Inside Bill Gates’ $200 billion private dinner
The Microsoft founder secretly met with Australia’s richest tech billionaires to discuss how to give away their money.
- Mark Di Stefano
‘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