Canva Holders Are Said to Near Expanded $1.5 Billion Share Sale
- Sale of existing shares would maintain $26 billion valuation
- Australian firm saw over $2 billion annualized revenue in 2023
Australian software company Canva Inc. is close to completing a share sale that’s set to raise more than $1.5 billion, according to people familiar with the matter.
The share sale by a group of investors including current and former employees of the privately held firm would value the company at around $26 billion, the people said, roughly the same as in its previous round. Canva is working with Goldman Sachs Group Inc. on the round, though it’s not raising new capital, they said.