2021–2025
In June 2020, Canva announced a partnership with FedEx Office[18] and with Office Depot the following month.[19] As of June 2020, Canva's valuation had risen to rising to A$40 billion by September 2021.[20][21]
In September 2021, Canva raised US$200 million, with its value peaking that year at US$40 billion.[22][21] By September 2022, the valuation of the company had leveled at US$26 billion.[23]
While Canva's value declined from its 2021 peak by mid-2022, it remained one of Australia's most prominent technology companies, alongside Atlassian.[24][25]
In March 2022, Canva had over 75 million monthly active users.[26]
In 2023, the pair were named in the Australian Financial Review's AFR Rich List as among the 10 most wealthy people in Australia.[27]
On 7 December 2022, Canva launched Magic Write, which is the platform's AI-powered copywriting assistant.[28] On 22 March 2023, Canva announced its new Assistant tool, which makes recommendations on graphics and styles that match the user's existing design.[29] On 11 January 2024, Canva launched its own GPT in OpenAI's GPT Store.[30]
The company has announced it intends to compete with Google and Microsoft in the office software category with website and whiteboard products.[23]
In May 2024, the company announced the launch of Canva Enterprise, a plan designed for large organisations, alongside new tools including Work Kits, Courses and AI capabilities.[31] In 2024, it announced a co-funded solar energy project to enhance its sustainability efforts.[32]
On 10 April 2025, Canva released Visual Suite 2. The new interface combines Canva's design and productivity tools. New features include a spreadsheets application (Canva Sheets), a generative AI coding assistant (Canva Code), a chatbot, and an updated photo editor that can modify or remove background objects.[33]
In August 2025, Canva launched a stock sale to employees, valuing the company at US$42 billion.[34]
