Canva hires former Zoom CFO Kelly Steckelberg to run finance forward of anticipated IPO

Canva, a high-valued design tool startup that competes with Adobe, mentioned Monday that it leased Kelly Steckelberg as CFO, 5 years upcoming she helped jerk Zoom crowd and nearest guided the corporate thru its pandemic surge.

Based in 2013, Canva used to be valued lately at $32 billion, a leave from its height of $40 billion in 2021.

“Kelly’s impressive track record as a strong leader and strategic thinker, combined with her proven expertise in scaling enterprise companies, make her the perfect addition to our leadership bench,” Canva mentioned in an emailed remark.

Canva is producing about $2.5 billion in annualized earnings and boasts 220 million per 30 days customers. The corporate is broadly considered as a lead IPO candidate for venture-backed tech corporations upcoming a traditionally gradual duration for untouched choices relationship again to early 2022.

On Monday, ServiceTitan, which sells tool for the trades, filed to record at the Nasdaq. Cerebras, a maker of synthetic wisdom chips, has been on document since past due September, and on-line lender Klarna mentioned utmost moment that it’s confidentially filed its IPO bureaucracy with the SEC.

A Canva spokesperson declined to remark at the startup’s timeline for an IPO.

Steckelberg held monetary positions at Cisco and used to be CEO of on-line relationship corporate Zoosk prior to becoming a member of Zoom in 2017. Steckelberg is based totally in Austin, Texas, past Canva has its headquarters in Sydney, Australia.

Zoom went crowd with Steckelberg’s support in 2019. The video-chat corporate noticed its marketplace cap leap to over $160 billion in October 2020, early within the Covid pandemic, as customers running from house swarmed to the app. Zoom has since misplaced greater than 85% of its worth.

Steckelberg introduced her resignation from Zoom in August upcoming seven years on the corporate. Extreme time, former Microsoft government Michelle Chang replaced Steckelberg as Zoom’s CFO.

Canva’s earlier finance prominent, Damien Singh, resigned in February upcoming the corporate mentioned it used to be accomplishing an inner investigation environment beside the point habits.

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