M&A Deal Summary

Canva Acquires Kaleido AI

On February 22, 2021, Canva acquired software company Kaleido AI

Acquisition Highlights
  • This is Canva’s 2nd transaction in the Software sector.
  • This is Canva’s 1st transaction in Austria.

M&A Deal Summary

Date 2021-02-22
Target Kaleido AI
Sector Software
Buyer(s) Canva
Deal Type Add-on Acquisition

Target

Kaleido AI

Wien, Austria
Kaleido visual AI products help millions of individuals and businesses create images and videos with ease, at scale. remove.bg removes the background of any photo in less than 5 seconds and without a single click, helping professionals boost their efficiency and enabling everyone to get creative.

Search 215,029 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Canva

Surry Hills, Australia

Category Company
Founded 2013
Sector Software
DESCRIPTION

Canva is a design software company. Canva tool has attracted over 15 million happy users across 190 countries, who have collectively created more than 1 billion designs. With an integrated marketplace that has both free and paid stock photography, fonts, illustrations, and thousands of templates; a paid subscription that offers the ability to set up a brand kit so users can save their brand colors, fonts, and assets, and ensure consistency across their designs and print service that gives users the ability to produce professional prints in a variety of formats and sizes delivered straight to their doorstep. Canva was founded in 2013 and is based in Surry Hills, Australia.


DEAL STATS #
Overall 2 of 4
Sector: Software M&A 2 of 3
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Austria M&A 1 of 1
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 Smartmockups s.r.o.

Czech Republic

Smartmockups were created to empower anybody to quickly and easily create realistic mockups. It now has one of the world’s largest libraries with more than 6,000 types of mockups including t-shirts, flyers, mugs, books, magazines, and devices. In 2020 alone, more than 3 million mockups were created by Smartmockups users ranging from e-commerce entrepreneurs to global Fortune 500 brands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-25 Affinity

Nottingham, United Kingdom

Affinity is a creative software suite for professional photo editing, illustration, graphic design, and page layout. The company's design tools are Affinity Designer, Affinity Photo, and Affinity Publisher. Affinity was formed in 1987 and is based in Nottingham, UK.

Buy -