Axios Pro Exclusive Content

Canva rival Kittl raises $36M for global growth

Jan 24, 2024
Illustration of a hand cursor holding a paintbrush dripping paint.

Illustration: Shoshana Gordon/Axios

Kittl has raised $36 million in Series B funding as it seeks to make an easy-to-use graphic design tool.

Why it matters: The round underscores the ongoing opportunity for new content creation platforms despite the existence of software giants like Adobe and Canva.

Details: IVP led the round and was joined by some existing investors, per TechCrunch.

  • The announcement comes just nine months after the Berlin-based company raised $11 million in Series A funding, the company said in a blog post.
  • Kittl said in the past year it grew its community to 1 million designers and that it "achieved cash flow positive results." Clients touted on its site include Warner Bros. and Netflix. It has more than 60 staffers.

What's next: The funding will help it expand into new areas such as Asia, Europe and South America, Kittl CEO Nicolas Heymann said in a statement.

  • The company plans to hire 50 people this year, including engineers, product managers and sales leaders.
  • It's also been investing more in AI-powered tools.
Go deeper