Canva is emerging as a major competitor to Adobe in the design software space. It's growing fast and has already amassed over 135 million monthly active users. That vast and growing user base has enabled Canva to generate incredibly strong recurring revenue. And, unlike many start-ups, it's already solidly profitable. Canva's disruptive capabilities have many investors eagerly anticipating its initial public offering. Panaso has invested in Canva this year and has high expectations from the stellar management team and growing community of users.
Investment Made — 2024
Status — Current
