Design platform Canva has announced to its US customers that the price of its Canva Teams subscription will increase from $120 per year to $500 per year for five users, a 320% increase. Customers in Australia, where Canva is based, have also been notified of significant price increases, according to a statement from the company. Information age.
The reason for the steep price increase: Canva has recently added a number of AI features, including Magic Studio.
Techcrunch reports that many users are upset about the price increase, especially since Canva Teams had previously been marketed as an affordable alternative to Adobe’s software. (Users will get a 40% discount for the first year, bringing the total to $300 instead of $500.)