Themes include design tools for animation and 3D, as well as platforms to make it easier to find and hire talent. There’s plenty of early- and mid-stage investment in the design space as well. However, while Miro does pitch its offerings to design teams, it’s concentrating more heavily on other company functions, including marketing, engineering and product management. For instance, Miro, which has raised $400 million in venture funding to date, also focuses on visual collaboration through its online whiteboard. Other business models share more elements with Figma, a collaborative design platform that includes tools for brainstorming and prototyping.
They can use its tools and templates to do things like switch backgrounds from images, add text to photos, add stickers to pictures, and remove unwanted objects from images.
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It’s pulled in $195 million in venture capital to date, including a $130 million SoftBank-led Series C in August, 2021.įounded in 2011, Picsart markets itself to content creators who don’t have a professional design background. Picsart, a Miami-headquartered provider of video- and photo-editing tools and templates, is another heavily funded company with a mission to democratize design. Although the company’s valuation has reportedly come down some since last year, it’s still the most prominent name among private, venture-funded design startups.
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Founded in 2013, Canva ranks as Australia’s most valuable unicorn, having raised $573 million to date, hitting a peak valuation of $40 billion a year ago.Ĭanva claims more than 60 million monthly active users who employ its software to cook up social media graphics, simple videos, presentations and other visuals. This is the marketing pitch behind the most valuable company on our list: Sydney-based Canva, maker of tools for people without extensive graphic design experience to create engaging visual materials. This is essentially the notion that anyone can and ought to have the skills and tools to put together slick-looking content. This time, however, a single idea permeated much of the ranks. Acquiring your way into that makes ultimate business sense.Usually, when we pull together this kind of broad sector list, we see a host of different competing themes and strategies at the top of the ranking. Incumbents are not always well-positioned to launch lower-priced options at scale. With the advent of the cloud and scaled pricing from SaaS businesses, gaining a significant user base through product-and price-differentiation has led to innovation and competition. Still, the Figma acquisition offers clear advantages. In 2005, when Adobe acquired Macromedia, a web design software developer and a big competitor at the time, for $3.4 billion in a stock transaction which amounted to 18% of its stock, the market did not take well to that acquisition either. Adobe forecasts that Figma’s recurring annual revenue will be $400 million in 2022. Adobe reported $4.43 billion in revenue in the third quarter of 2022 showing 13% year-over-year growth. The public markets have not reacted well to the announcement, with Adobe’s stock trending down 17% in a day.
More recently, in 2020 it acquired enterprise workplace management company Workfront for $1.5 billion and in 2021 video collaboration platform Frame.io for $1.3 billion. In the same year, Adobe acquired cloud commerce platform Magento Commerce for $1.7 billion. The San Jose-based digital marketing and design company founded in 1982 has acquired cloud service companies with a wide range of capabilities from marketing to sales to design in recent years.Īdobe acquired marketing automation platform Marketo from Vista Equity Partners which took the company private in 2016 for around $1.8 billion. This is not the only billion-dollar acquisition for Adobe in recent years.
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