Canva: $380 Million Serif Acquisition Deal

Canva is an online template editor app for creating social media graphics and presentations. It was founded in 2013 and is headquartered in Sydney, Australia. It boasts over 100 million active users. According to reports, Canva has announced the acquisition of Serif, a British software development company, for approximately $380 million USD.

This acquisition will help the company broaden its selection of professional tools and strengthen its competitive advantage by welcoming designers at every level and stage of the graphic design software journey. Serif (Europe) Ltd developed Affinity Designer, a vector graphics editor specifically for macOS, iPadOS, and Microsoft Windows. The company also developed Affinity Photo and Affinity Publisher, which make up the Affinity suite.