Canva Inc. acquires generative AI platform, Leonardo AI.

Leonardo AI is one of Australia’s fastest-growing start-ups, with over 19 million users globally using their generative AI platform to create images and 3D model textures from a written prompt. 

This transaction represents Canva’s eighth acquisition and continued focus to lead innovation in the ever-evolving design and visual AI ecosystem. 

BDO Corporate Finance and Deal Advisory, led by Andrew McFarlane, is proud to have provided Leonardo AI’s shareholders with M&A sell-side assistance.