Canva hires former Zoom CFO Kelly Steckelberg to run finance ahead of expected IPO

Last Updated: November 18, 2024Categories: TechnologyBy Views: 31

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Kelly Steckelberg attends as the John Ritter Basis for Aortic Health hosts an Night time from the Coronary heart LA 2022 Gala at Valley Relics Museum on Might perhaps perhaps 05, 2022 in Van Nuys, California.

Araya Doheny | Getty Photos

Canva, a excessive-valued affect software startup that competes with Adobe, acknowledged Monday that it employed Kelly Steckelberg as CFO, five years after she helped like end Zoom public and then guided the firm through its pandemic surge.

Founded in 2013, Canva was as soon as valued no longer too long within the past at $32 billion, a drop from its high of $40 billion in 2021.

“Kelly’s impressive monitor document as a stable leader and strategic thinker, mixed along with her proven trip in scaling enterprise firms, plan her the correct addition to our management bench,” Canva acknowledged in an emailed observation.

Canva is generating about $2.5 billion in annualized earnings and boasts 220 million month-to-month users. The firm is widely considered as a high IPO candidate for venture-backed tech firms after a traditionally slack interval for novel choices dating abet to early 2022.

On Monday, ServiceTitan, which sells software for the trades, filed to checklist on the Nasdaq. Cerebras, a maker of artificial intelligence chips, has been on file since gradual September, and online lender Klarna acknowledged final week that it’s confidentially filed its IPO bureaucracy with the SEC.

A Canva spokesperson declined to touch upon the startup’s timeline for an IPO.

Steckelberg held financial positions at Cisco and was as soon as CEO of online dating firm Zoosk sooner than becoming a member of Zoom in 2017. Steckelberg is basically based entirely in Austin, Texas, while Canva has its headquarters in Sydney, Australia.

Zoom went public with Steckelberg’s succor in 2019. The video-chat firm noticed its market cap flee to over $160 billion in October 2020, early within the Covid pandemic, as users working from home swarmed to the app. Zoom has since lost bigger than 85% of its price.

Steckelberg launched her departure from Zoom in August after seven years on the firm. Final month, worn Microsoft executive Michelle Chang replaced Steckelberg as Zoom’s CFO.

Canva’s old finance chief, Damien Singh, resigned in February after the firm acknowledged it was as soon as conducting an internal investigation surrounding harmful habits.

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