Revenue Soars to $2.5 Billion as Active Users Surpass 200 Million Worldwide, Driven by Growing Demand for Canva's Workplace Solutions
Launches Dream Lab, a generative AI tool powered by Leonardo.Ai, empowering anyone to generate stunning visualizations and create an infinite content library from their wildest imaginations.Announces dozens of features for the Visual Suite, including enhanced Magic Write, polls and quizzes, interactive charts, and AI-powered whiteboards to help people work together faster and more creatively.Expands its 100-million-strong content library through global partnerships with leading content studios Artlist and pocstock.Unveils new Work Kits -- tailored collections of templates and resources for SMBs, teachers, and students -- to jumpstart business projects, lesson planning, and more.Rapid adoption and growth continue, with user base exceeding 200 million worldwide and annualized revenue hitting $2.5 billion.Workplace adoption accelerates as leading brands including NYSE, Atlassian, HP, Ray White, DHL Express, Tecnocasa, and Docusign embrace Canva Enterprise.Two years after the launch of the Visual Suite, more than 2.5 billion presentations and 500 million documents have been created.
Canva, the world's only all-in-one visual communication platform, today unveiled a suite of new products and features set to transform how people design at work and beyond. This announcement coincides with Canva reaching the milestone of 200 million monthly active users, an increase of more than 115 million over the last two years, as the company also hits $2.5 billion in annualized revenue.
Canva's latest innovations - including powerful new generative AI technology from Leonardo.ai, which was recently acquired by Canva - introduce exciting possibilities for smarter work, better collaboration, and stunning visual content creation. The launch of Dream Lab empowers teams across all industries and professions to unlock new levers of creativity, design precision, and efficiency in their work.
The company also shared that, five months since the introduction of Canva Enterprise -- Canva's subscription for large organizations -- industry leaders like the NYSE, Atlassian, HP, Ray White, DHL Express, Tecnocasa, and Docusign have begun leveraging the offering to streamline their organization's content creation and scale their brand.
As Canva's footprint expands across workplaces, the platform is experiencing explosive growth, with over 30 billion designs created to date at a remarkable pace of more than 300 new designs every second. Users from more than 190 countries have also crafted more than 2.5 billion presentations and 500 million documents. Additionally, usage of Canva's AI tools has skyrocketed, with over 10 billion uses to date.
"We're incredibly excited to now be empowering more than 200 million people in nearly every country across the globe. From over 95% of the Fortune 500 to millions of small businesses, classrooms and nonprofits, it's certainly an exciting milestone but we feel we're always just 1% of the way there," said Melanie Perkins, Canva's Co-Founder and CEO, "As we double down on empowering everyone to turn their ideas into designs, we're introducing dozens of new features across our Visual Suite at the intersection of creativity and productivity. From more interactive designs to a suite of AI-powered upgrades, we hope these new features help our community to continue achieving their goals."
Introducing Dream Lab powered by Leonardo.Ai
Only three months on from Canva's acquisition of Leonardo.Ai, the company has introduced Dream Lab -- a powerful generative AI tool designed to transform any idea from a simple text description into highly dynamic photos and graphics. Powered by Leonardo's advanced Phoenix foundational model, Dream Lab supercharges Canva's AI image generation capabilities with tools that effortlessly turn a kernel of an idea into a spectacularly vibrant output in unprecedented ways. This will include:
Generate multiple variations in more than 15 different styles including 3D Renders and illustrationsUse an existing image as a style reference to more precisely influence the output, unlocking possibilities like generating stock photos in your company's styleCreate complex multi-subject images and photorealistic portraits
Canva joined forces with Leonardo.Ai to bring even more powerful AI capabilities to creative professionals. Millions of users, from content creators to professional designers, architects, and film directors, trust Leonardo.Ai for its cutting-edge quality and flexibility. Dream Lab enhances the precision of outputs from Canva's user-friendly Magic Studio. At the same time, Canva is reaffirming its commitment to safe and responsible AI use by ensuring Dream Lab is backed by Canva Shield, the company's rigorous and industry-leading approach to AI trust and safety.
By combining extensive image generation with Canva's 100+ million content library, users have access to an endless supply of content, ensuring they always have the perfect image for any design. For example, art directors can generate entire storyboards, entrepreneurs can experiment with various product mockups, marketing teams can quickly create on-brand campaign assets, and educators can craft engaging learning materials -- all with confidence and safety.
Unveiling dozens of new features across Canva's Visual Suite
Since its debut, Canva's Visual Suite which includes Docs, Whiteboards, Websites, Presentations and Videos, has reimagined how teams collaborate and transformed content creation by consolidating every design capability and workplace tool into one seamless platform. In just two years since launching at Canva's inaugural Canva Create event, the suite has reached several major milestones:
2.5 billion presentations have been created; more than 1,500 every minute1.5 billion videos have been created; over 1,000 every minute500 million documents have been created; 650 every minuteAlmost 80 million websites have been created; 50 every minute240 million whiteboards have been created; now the fastest growing product, with usage doubling this year
Canva is today unveiling a slew of new and forthcoming features based on the top requests from its community. From more interactivity to upgraded AI tools in Docs, Whiteboards and beyond, these enhancements are set to make work even more seamless:
Smarter Whiteboards: AI-powered sorting and summarising, along with interactive 'Reaction Stickies' to help teammates vote on ideas in real time.More Intuitive Magic Write: New AI functionalities including contextual text generation for more accurate output and one-click commands to refine generated text.Effortless Video Capabilities: Advanced animation effects and automatically generated captions that can be matched to brand style to save hours of manual work.More Interactive Presentations: New interactive chart types and advanced animation effects to boost engagement. Plus automatic page numbers added with one click.Expanded Data Storytelling: The introduction of new chart types such as Area Charts, Radar Charts, Hierarchy Charts, and Statistical Charts.Introducing Custom Mockups: Turn photos into professional, on-brand mockup templates in a click.Debuting Polls and quizzes: Create simple, customizable polls and quizzes directly in the editor.Powerful Integrations: Access and collaborate on Canva designs directly within Google Workspace via Gmail, Google Drive, Calendar, Docs and more.
Expanded content offering through more world-class assets
Canva has rapidly expanded its content offering by integrating standout assets from creative powerhouses like Artlist, and pocstock. This expansion introduces a wide range of new templates, video assets, stock photography, and more, enabling the creation of premium, world-class content all in one place.
Artlist integration: Through the Artlist Premium Video Library, Canva now offers music and cinematic video assets from top industry artists.Enhancing inclusive representation with pocstock: Canva strengthens its commitment to diversity by introducing the pocstock content collection. This partnership gives paid users access to 150,000 photos, empowering them to create content that better reflects an inclusive world.
Work Kits for Even More Audiences
Following the successful launch of Canva Work Kits in May, Canva is expanding its offerings to empower teachers, students, and small business owners with indispensable tools and resources tailored to their visual communication needs. The initial Work Kits, introduced for sales, marketing, HR, and creative industries, have been used over one million times globally.
Work Kits for small business owners: Generalist Work Kits that include playbooks, customizable templates, organizational resources, and apps to support various aspects of running a business.Work Kits for teachers: A wide range of education-focused templates and resources to address key challenges, refresh lesson plans, manage workloads, and encourage creativity based on real-world experiences.Work Kits for students: Templates, tips, and tools to enhance homework, organize studies, and elevate their presentations for extracurricular projects.
Canva is building a new generation of easy-to-use workplace software that serves all design and collaboration needs for professionals across industries. By continuously expanding and updating its Work Kits, Canva ensures its diverse community of users has a fast, easy and free solution they need to achieve their goals.
Canva goes deeper in building for India by ramping up localisation efforts
As Canva doubles down on its investment in India, the country has emerged as its fifth largest market by embracing India's rich cultural diversity and linguistic nuances. Fuelled by increasing adoption of Canva's Visual Suite and Magic Studio features, India more than doubled it's growth in 2023.
Canva boasts of strong brand loyalty in India especially among its vibrant creator community, with over 120 active creators and a Facebook community of over 240K freelancers, with social media templates, printables, and presentations being the most popular doc types. Local businesses, entrepreneurs, teachers, and students are also increasingly using Canva to power their visual communication needs, with over 139M presentations created in a year. With a thriving Facebook community of over 10K teachers, Canva enjoys a significant presence in the Indian education sector, empowering teachers to exchange best practices and incorporate compelling visual design in their day-to-day.
Solidifying its commitment further to the Indian market, Canva also launched its debut brand campaign, 'Dil Se, Design Tak', earlier this year. This campaign, reached over 100 million active internet users in India fostering meaningful connection and elevating Canva's position with its Indian community.
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About Canva
Launched in 2013, Canva is a free online visual communications and collaboration platform with a mission to empower everyone in the world to design. Featuring a simple drag-and-drop user interface and a vast range of templates ranging from presentations, documents, websites, social media graphics, posters, apparel to videos, plus a huge library of fonts, stock photography, illustrations, video footage, and audio clips, anyone can take an idea and create something beautiful.
