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Canva vs Code Metal — IPO & Funding Comparison

Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.

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Some data on this page may be outdated. We're verifying.
Data for Canva last verified: Oct 13, 2026. Data for Code Metal last verified: Oct 13, 2026.

Funding Summary

MetricCanvaCode Metal
Total funding$770M$711.4M
Latest roundSeries FIPO
Amount$200M$500M
DateSep 2021Aug 2026
Valuation$40BUndisclosed
Lead investorsT. Rowe PriceUndisclosed
Metric Canva Code Metal
Valuation$42B$9.2B
Total Funding$770M$711.4M
IPO StatusPrivatePrivate
SectorDesign & CreativeDefense Tech / Manufacturing Software
StagePre-IPOSeries E
HeadquartersSydney, AustraliaSan Francisco, CA
CEOMelanie Perkins—
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Canva

Canva is the world's leading design platform with 250M+ users — valued at $48B with $770M raised. Track IPO timeline, funding rounds, and readiness score.

IndustryDesign & Creative
StagePre-IPO
IPO StatusPrivate
Valuation$42B
Total Funding$770M
HeadquartersSydney, Australia

Code Metal

Software for defense manufacturing and AI-powered production optimization

IndustryDefense Tech / Manufacturing Software
StageSeries E
IPO StatusPrivate
Valuation$9.2B
Total Funding$711.4M
HeadquartersSan Francisco, CA

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Frequently Asked Questions

What is the Canva vs Code Metal valuation in 2026? +

Canva is valued at $42B. Code Metal is valued at $9.2B. Both figures are based on the most recent funding rounds tracked by TechStackIPO.

How does Canva revenue compare to Code Metal? +

Canva reported 4000000000 revenue in 2025. Code Metal's revenue is not publicly disclosed. Revenue figures are sourced from TechStackIPO's company database and updated as new data becomes available.

Which is more likely to IPO first — Canva or Code Metal? +

Canva filed an S-1 in August 2026 and is actively in the IPO pipeline. Code Metal filed an S-1 in July 2026 and is actively in the IPO pipeline. Track both companies on TechStackIPO for S-1 filings, roadshow announcements, and IPO date updates.

How much has each company raised in total funding? +

Canva has raised $770M. Code Metal has raised $711.4M.

Are Canva and Code Metal in the same sector? +

Canva operates in Design & Creative, while Code Metal operates in Defense Tech / Manufacturing Software.

What are the key differences between Canva and Code Metal as investments? +

Canva is a Design & Creative company valued at $42B with $770M raised. Code Metal is a Defense Tech / Manufacturing Software company valued at $9.2B with $711.4M raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor access options.

How can I invest in Canva or Code Metal before their IPO? +

Accredited investors can access pre-IPO shares in Canva and Code Metal through secondary market platforms, pre-IPO funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace section tracks available access options for both companies. Pre-IPO investments carry higher risk and limited liquidity.

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