·Canva’s billionaire founders are minting overnight millionaires with employee saleBy Nino PaoliBy Nino PaoliNews FellowNino PaoliNews FellowNino Paoli is a Dow Jones News Fund fellow at Fortune on the News desk.SEE FULL BIO From left: Canva cofounders Cliff Obrecht, Cameron Adams, and Melanie Perkins.
The design-software company was recently valued at $42 billion.Courtesy of CanvaSome Canva employees will become overnight millionaires after the software maker launched an employee sale valuing the company at $42 billion this week.
The Sydney-based company cofounded by an Australian billionaire couple said it hit $3.3 billion in annualized revenue thanks to 27 million paid users.
The tender offer hints at a potential IPO within the next year, experts tell Fortune.
Some past and present Canva employees will soon be overnight millionaires after the design-software maker launched an employee sale valuing the company at $42 billion this week.
The Sydney-based company, cofounded by Australian billionaire couple Cliff Obrecht and Melanie Perkins, said its employee sale is “already significantly overd,” attributing the demand to investor confidence in the software maker’s performance, according to a statement released Thursday.
In an written to staff on Wednesday and seen by the Australian Financial Review, Obrecht, who is also the company’s chief operating officer, said eligible current and former employees, or “Canvanauts,” will be able to sell up to $3 million of their vested equity at a price of $1,646.14 per .
The opportunity comes as Canva’s annual revenue hit $3.3 billion, according to a company statement.
The funding round was led by Fidelity Management and Re Co., an existing holder, and new investors J.P. Morgan Asset Management and its funds U.S.
Equity Group and Growth Equity Partners, Canva noted in the statement.
“This round has been significantly overd, which is a huge testament to the incredible work of our team and the impact Canva is having around the world,” Obrecht said.
“The overwhelming demand from both new and existing investors is a huge vote of confidence in our momentum and the scale of what still lies ahead.” Marcus Bodet, cofounder of B.I.G.
Capital, a private-investment firm that invests in and acquires companies, told Fortune the sale is “significant” since it allows employees to cash out earlier than they’re typically able to.
“Typically, employees are subject to a lockup and don’t get the benefit of immediate liquidation,” Bodet said.
“Given the current market for high-end AI talent, this can most certainly serve as an additional lever to help attract and retain the best talent.” Canva said it services 240 million monthly active users, 27 million of which pay to use its ducts.
The software company’s $42 billion valuation means Obrecht and Perkins’s combined wealth is now close to $20 billion, according to the Australian Financial Review.
Before the funding round—when Canva was valued at $32 billion after it sold an undisclosed number of s last October—the married couple ranked as the sixth-richest Australians, with a net worth of $14.14 billion AUD ( $9.09 billion), according to the Financial Review Rich List.
According to Forbes’s real-time data, the couple’s combined net worth has reached $11.6 billion.
Obrecht and Perkins have pledged to transfer more than 80% of their stake to the Canva Foundation for charitable causes.
Canva’s possible 2026 IPO All signs point to a Canva IPO in 2026, experts tell Fortune. Investors have long speculated that Canva is a candidate to go public.
ESO Fund cofounder Scott Chou told Fortune tender offers happen frequently, and have become more common in recent years as an alternative form of liquidity for employees given the lack of IPO and M&A activity.
Figma, which recently a successful IPO and competes in a similar space to Canva, hosted a $12.5 billion tender in 2024 before going public at $18.8 billion.
“Notably, Canva’s tender values the company above Figma’s current public valuation,” Chou said. Chou said tenders Canva’s signal a robust and growing nearing an exit.
“At the same time, they also suggest an IPO is unly until at least early to mid-2026, since companies rarely run a tender right before going public,” Chou said.
“Either way, it’s a strong showing for Canva and a sign the company may be on track for a 2026 IPO.”Introducing the 2025 Fortune Global 500, the definitive ranking of the biggest companies in the world.
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