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.
Canva will hold fire on a highly anticipated public listing until 2025 or 2026, but has developed plans to let employees and venture capital backers cash out well before then.
“We’re fortunate to have great companies in our funds that are growing well,” he said. “The challenge for the next phase of the fund’s life is to make sure we’re optimising the returns from these great investments.” Despite its size, Canva is continuing to grow rapidly, capitalising on a trend toward artificial intelligence in graphic design. Its investments there haveand unlike many start-ups, Canva has large financial reserves and a history of profitability that will let it determine when it wants to go public.
“We remain bullish on Canva and believe they’re well-positioned to deliver significant growth from here,” said AirTree partner Craig Blair.
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