The Next Great B2B IPO: Canva’s $42B Valuation

The Australian design unicorn Canva is gearing up for a 2026 IPO, having reached $3.3 billion ARR and a $42 billion valuation. This isn't just another SaaS story; it's the democratization of design on a global scale.

Canva has rebuilt much of its design software around AI capabilities. Its AI tools save users an average of 4 hours per week, with 77% of marketers reporting increased team creativity. This is not productivity software—it's creativity amplification.

Enterprise adoption is accelerating. Canva Teams saw a 66% increase in average contract value in 2025, as AI features that start as freemium hooks become enterprise necessities.

Figma's recent successful IPO provides a blueprint for understanding Canva's potential. The numbers tell a story of Canva's superior scale and market positioning.

Canva isn't just competing with Adobe—they're redefining the entire design software market. The design software market is expected to grow from $13.6 billion to $24.9 billion by 2030, driven entirely by AI democratization and enterprise adoption.