Canva raises Teams prices with new AI-powered tools

Canva has announced a price increase for its Canva Teams subscription, which has caused dissatisfaction among users. Starting in September, the new rates will mean a significant increase in costs.

Here's What We Know

The new price will take effect in September and will apply to users who have access to advanced AI-powered features. Some users, particularly in Australia and the United States, have already received emails about the price increase. For example, in Australia, the cost of a subscription for a team of five will increase from AU$480 to AU$2,430 per year.

Canva explains the price increase by adding new features such as Visual Suite and Magic Studio. While these innovations add value, some users question whether the new price justifies the features offered.

The move is part of Canva's strategy as it prepares for a potential public listing in the US by 2026.

Source: The Verge