CANVA USERS SOAR PAST 100 MILLION A MONTH

Australian start-up online graphic design operation Canva is now being used by a remarkable 100 million people each month, the accelerating growth coming as the company celebrates a decade in business.

Charting the company’s supersonic growth, co-founder and CEO Melanie Perkins said, “It took nearly three years for us to reach the milestone of one million people using Canva, and another two years after that for us to hit ten million.

“Today, reaching the milestone of more than one hundred million people using Canva every month still feels incredibly surreal.”

Canva has a number of deals with Aussie print businesses.

The number of people using Canva represents 1.25 per cent of the number of people alive on the planet today. It has 11 million paying users, and is taking in recurring revenue of US$1bn annually.

Canva now employs 3,200 staff, many of them in Australia. It was valued at $57bn last year, although that has since fallen to $37bn. It was founded just a decade ago by three Melbourne friends; Cameron Adams, Cliff Obrecht and Melanie Perkins.

Adobe, which has dominated the graphic design sector for 30 years, and has annual revenues in excess of US$200bn, has just bought a start-up online design business Figma, for US$20bn, in a move widely seen as setting itself up against Canva and other online design sites.