Updated · The Australian Financial Review · May 19
General Catalyst CEO Says Canva Needs No IPO as Firm Courts Australia’s $2.7 Trillion Pension Market
Updated
Updated · The Australian Financial Review · May 19
General Catalyst CEO Says Canva Needs No IPO as Firm Courts Australia’s $2.7 Trillion Pension Market
1 articles · Updated · The Australian Financial Review · May 19
Summary
Hemant Taneja said Canva has no need to go public, arguing the design software company can keep growing without an IPO.
Taneja made the remarks on his first visit to Australia, where he is seeking to win backing from local superannuation funds for General Catalyst.
General Catalyst has invested in three major Canva funding rounds since 2019 and holds valuable stakes across high-profile private companies including Anthropic, Anduril and Stripe.
The comments underscore how deep private capital pools are letting large tech companies stay private longer, even as investors look for access to fast-growing startups.