Skip to content

Briefing

Canva Acquisitions

Canva adds motion and machine learning to its arsenal with two new acquisitions

Make us a preferred source

Link copied

The news: Canva has announced the acquisitions of UK-based 2D animation platform Cavalry and US startup MangoAI, marking the company’s fourth and fifth acquisitions in the past two years.

The numbers: Canva closed 2025 with more than $6.28 billion ($4 billion) in annualised revenue, up 36% year-over-year, and more than 31 million paid seats.

The platform now has more than 265 million users, including teams at over 95% of the Fortune 500.

Canva’s AI products have been used more than 24 billion times, with more than 50 million new users joining in 2025 alone.

Affinity, acquired in 2024, has surpassed five million downloads since launching in October.

The context: The acquisitions follow Canva’s purchases of Affinity in 2024, Leonardo in 2024, and MagicBrief in 2025.

The Cavalry acquisition marks Canva’s seventh Europe-based acquisition, joining Affinity, Flourish (2022), Kaleido (2021), Smartmockups (2021), Pexels (2019) and Pixabay (2019).

Cavalry is trusted by companies including Amazon, Meta, Google, and Netflix, and will expand Canva’s professional design suite into motion and animation alongside Affinity’s tools for photo, vector and layout editing.

MangoAI has built algorithms and a closed-loop reinforcement learning system for generating and launching video ads, using ad platform reward signals to automatically improve content performance.

The acquisition builds on creative intelligence capabilities added through MagicBrief and will strengthen Canva Grow, the company’s suite of marketing intelligence tools.

The company has appointed MangoAI co-founder Nirmal Govind as its first chief algorithms officer.

What they said: “Affinity has already surpassed five million downloads in just a few months. Now, with Cavalry joining Canva, we’re taking another big step toward helping professional designers break free from bloated and expensive tools, bringing everything from vector to motion design into one powerful creative suite,” Canva co-founder and chief operating officer Cliff Obrecht said.

“We built Cavalry to give motion designers a faster, more flexible creative playground suitable for the demands of modern production. Canva’s platform and long-term vision make it a natural next chapter for our technology,” Cavalry co-founder Chris Hardcastle said.

The source: Canva media release


By Bronwen Clune