Stack Capital Invests $8 Million USD Into Canva
May 01 2024 - 7:30AM
Stack Capital Group Inc. (TSX:STCK and STCK.WT) (“Stack Capital”)
an investment holding company that invests in some of the world’s
most innovative and disruptive growth & late-stage private
companies, is pleased to announce that it has invested $8 million
USD into Canva, Inc. (“Canva” or the “Company”), a leading global
online visual communication and collaboration business that
empowers its users, from novices all the way up to industry
professionals, to design anything and publish anywhere, using its
dynamic all-in-one platform. Whether its presentations, videos,
website content, social media content, whiteboards, or any other
visual material for that matter – Canva is a perfect solution for
anyone looking to create.
Founded in 2013, Canva has successfully grown
into a world-class business with annualized revenues of US$2+
billion; 170+ million monthly active users spread across 190
countries and 100+ languages; and 4,000+ employees worldwide. With
major global brands such as FedEx, Reddit, Zoom, Salesforce,
PayPal, Sony Music, Starbucks, and Johnson & Johnson already in
the fold as active users of Canva’s enterprise/Teams solution, the
value of the platform is undeniable.
“We couldn’t be happier to add such a
high-quality business like Canva to our portfolio,” said Jeff
Parks, Chief Executive Officer of Stack Capital. “While the
incredible growth that has already been achieved by Melanie, Cliff,
Cameron, and the Canva team is impressive, we believe that they’ve
only begun to scratch the surface, and that its best days lie
ahead.”
To access Stack Capital’s investment overview on
Canva, along with any of its other portfolio investments, click
here.
About Stack Capital
Stack Capital is an investment holding company
and its business objective is to invest in equity, debt and/or
other securities of growth-to-late-stage private businesses.
Through Stack Capital, shareholders have the opportunity to gain
exposure to the diversified private investment portfolio;
participate in the private market; and have liquidity due to the
listing of the Stack Capital common shares and warrants on the
Toronto Stock Exchange. At the same time, the public structure also
allows Stack Capital to focus its efforts on maximizing long-term
performance through a portfolio of high growth businesses, which
are not widely available to most Canadian investors. SC Partners
Ltd. has taken the initiative in creating Stack Capital and acts as
Stack Capital’s administrator and is responsible to source and
advise with respect to all investments for Stack Capital.
For more information, please visit our website
at www.stackcapitalgroup.com or contact:
Brian ViveirosVP, Corporate Development and
Investor Relations647.280.3307brian@stackcapitalgroup.com
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