May 20, 2026 – 5.00amOne of the biggest Silicon Valley backers of Canva says the design tech giant has no need to go public, as he makes his first Australian visit and tries to charm local superannuation funds into backing his firm.Hemant Taneja is the multibillionaire chief executive of San Francisco-based venture capital group General Catalyst, which has hugely valuable stakes in companies including Anthropic, Anduril and Stripe. The group has also invested in three major Canva funding rounds dating back to 2019.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Major Canva backer says tech giant has no need to go public
Guessing the timing of Canva’s long-awaited IPO has become a popular sport among investors, but one of its biggest US backers says it should stay private.
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