Canva hires Kelly Steckelberg as CFO ahead of expected IPO | Wilnesh News

Canva, a high-value design software startup, and adobeThe company said on Monday it hired Kelly Steckelberg as chief financial officer, five years after she helped acquire the company. skyrocketing public, and then guided the company through the surge in the pandemic.

Canva was founded in 2013 and was recently valued at $32 billionfalling from the peak $40 billion 2021.

“Kelly’s impressive record as a strong leader and strategic thinker, coupled with her proven expertise in scaling businesses, make her a great candidate,” Kanwar said in an emailed statement. A perfect addition to our leadership team.

Canva has annual revenue of approximately $2.5 billion and 220 million monthly users. The company, which has endured a historically slow period of new stock issuance since early 2022, is widely seen as a top candidate for IPOs among venture capital-backed tech companies.

ServiceTitan, which sells trading software, filed to list on Nasdaq on Monday. Artificial intelligence chip maker Cerebras has been filing since late September, and online lender Klarna said last week it had confidentially submitted IPO documents to the SEC.

A Canva spokesman declined to comment on the startup’s IPO timetable.

Steckelberg has held financial positions at: Cisco Before joining Zoom in 2017, he served as CEO of the online dating company Zoosk.

Zoom went public in 2019 with Steckelberg’s help. Since then, Zoom has lost more than 85% of its value.

Steckelberg announced his departure from Zoom in August after seven years at the company. last month, before Microsoft CEO Michelle Chang replaced Steckelberg serves as Zoom’s chief financial officer.

Damon Singh, former CFO at Canva Resigned In February, the company said it was conducting an internal investigation into misconduct.

watch: Despite weak growth, Zoom deserves a second look from investors