Page 66 - Print21 Magazine May-June 2021

People in Print
the OVERflow
Stepping up: Fiona Atkins succeeds Ian Briskie as owner of Snap Print, Brendale
Canva valuation hits $20bn as revenues soar
Atkins new owner
Global online graphic design business Canva has seen its valuation hit
$20bn, just nine years after it was launched by Cliff Obrecht, Melanie Perkins, and Cameron Adams, three Melbourne friends.
The valuation propels the trio into the rarified Aussie billionaires bracket, with Obrect and Perkins, who are married, worth $7.8bn between them, placing them among
the 10 richest people in the country. Adams is now worth $2.4bn.
The company’s valuation has risen by 150 per cent since its last capital raising, in June last year. The new valuation came as it raised a fresh $US71m, taking its overall capital raised to US$500m, over the course of 13 rounds. The founding trio have managed to keep a substantial stake in the business.
Canva’s revenue has more than doubled in the past year, surpassing $500m annualised,
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Soaring valuation: Canva founders (l- r) Cameron Adams, Cliff Obrecht and Melanie Perkins
world-first deal with Snap Print & Design in Australia, which sees the franchise group nominated as a print partner.
Canva’s 1500 staff, 600
of whom are in Sydney, are
also sharing in the booming valuation. They own five per cent of the business between them, under an employee share scheme. 21
Tfor Snap Brendale
he Snap Print store at Brendale in Queensland has a new owner, with Fiona
Atkins succeeding Ian Briskie, who is now officially retired.
Atkins has been the long- time centre manager at the Brendale store. Briskie, who has owned the store since 2009 said, “There will be no changes to the structure or service, customers will be working with the same dedicated team."
Briskie has been in print for a 25 years, beginning at the Snap Enoggera store. 21
a year-on-year increase of some 130 per cent. Canva says it now has 55 million monthly active users, and three million paying customers.
The company t says its Canva Presentations product for team collaboration is now used by
85 per cent of Fortune 500 companies.
Canva has just signed a
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