Canva

Canva helps Airtree Ventures maintain majority stake as first fund yields promising returns

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Airtree Ventures already returned its first fund thanks to Canva while maintaining the majority of its stakeVenture secondaries has exploded over the last couple of years. While some firms have used the increase in activity to build up their positions in their most promising portfolio companies, Airtree Ventures is taking advantage of the momentum a little differently. So in 2021 Airtree started seeking out alternative ways to get liquidity for some of their earliest stakes, Blair said. Airtree got a 1.4x return on Fund I from this transaction alone and was able to maintain the majority of their original stake. They aren’t wrong, and Blair acknowledges that when a company does eventually exit, Airtree makes less money off of it because of this strategy.

Incorporating Affinity: Enhancing Canva’s Competitive Edge Against Adobe’s Creative Suite

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Canva has typically targeted the beginner for their products, but company co-Founder Cliff Obrecht sees the acquisition opening the door to more advanced users. “Canva needed products with more complex capabilities to go up against Adobe,” Wang told TechCrunch. In a blog post on the Affinity website, CEO Ashley Hewson tried to allay customer fears about the change. “In Canva, we’ve found a kindred spirit who can help us take Affinity to new levels. With Affinity, Canva gains 3 million users worldwide along with 90 employees who will be joining the company.

Kittl Secures $36M in Funding for Revolutionary Online Design Platform

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Just a year after raising $11.6 million, Kittl raised another $36 million in a Series B round led by IVP with some existing investors participating once again. The Berlin-based startup has been working on a graphic design tool that you can use in your web browser without having to install an app. Compared to Canva, Kittl “offers a broader feature set and it allows you to have access to the actual graphic file,” Heymann said. The company is trying to build a design tool that is more powerful than Canva and that doesn’t carry all the legacy of Adobe’s applications. The company lets you create an account for free, but you have to subscribe to access all product features.

Canva’s Business Transformation: The Revolutionary Impact of its AI Core on Graphic Design and Visual Workflows

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Canva has crafted a wildly successful business model on the idea that graphic design should be accessible to everyone. Canva is in 190 countries and over 100 languages, and has signed on more than 170 million active users. “We’ve concentrated a huge amount on having really international, localized, authentic content,” Adams said. All of that authentic local experience has been crucial to our international growth. And international growth has been the story of Canva.”Canva’s top market is the U.S., and Adams said that’s closely followed by Brazil and India.

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