The company provides online design and publishing products which are offered under a'freemium'model with customers accessing the products for free and then paying for additional features.
Co-founder and chief executive Melanie Perkins toldThe Age andSydney Morning Herald photography is a critical part of the design experience.
"Right from the start we have known we wanted to provide high quality content to everyone,"she said."We want to enable the high quality ingredients designers are using to be accessible to everyone. This is another step in that mission."
Canva is one of Australia's most successful technology companies achieving'unicorn'status with a valuation of $US1 billion ($1.4 billion) after it raised $US40 million from investors last year.
Even rarer among fast-growing startups,Canva reported a profit for the first time of $1,858,144 after tax for the six months ending December 31,2017.