Australian graphic design platform Canva has initiated an employee stock sale valuing the company at $42 billion, according to a Bloomberg report on Tuesday.

The move allows staff to sell shares to both new and existing investors, including Fidelity Management & Research Company and JPMorgan’s asset management division.

Founded in 2013 and headquartered in Sydney, Canva has grown into one of the world’s most widely used design platforms.

It enables users to create posters, social media content, presentations, and marketing materials through customizable templates, presets, and, more recently, generative AI tools.

The company previously reached a peak valuation of $40 billion in 2021, during a wave of heightened investor interest in technology startups.

The latest stock sale suggests investor confidence in Canva’s long-term prospects remains strong despite a slowdown in private tech funding markets globally.

With more than 200 million monthly active users across 190 countries, Canva has established itself as a dominant player in the design software space. Its platform is popular among small businesses, students, professionals, and large enterprises alike, offering a user-friendly alternative to more complex design tools.

In 2024, Canva reported an annualized revenue of $2.5 billion, underscoring its strong commercial momentum.

The company has also expanded into enterprise services, forging partnerships with corporations and educational institutions seeking scalable design solutions.

The employee stock sale provides early staff and shareholders with liquidity while reinforcing Canva’s reputation as one of Australia’s most successful technology companies.