Viennese start-up Kaleido bought by Australian company Canva

The start-up Kaleido AI, founded two years ago, is being sold to Australia, as reported by several media today. The company, known for apps that remove the background from photos and videos, goes to Canva, an Australian design platform.

According to the company, it is “one of the largest exits in Austrian start-up history”, quotes the “Standard”. Kaleido has around 20 million users, including over 80,000 paying customers, as the Futurezone writes. The Vienna location is now to be expanded through the sale, the previous 30-strong team will be doubled by the end of the year, they say.

The company itself leads other large takeovers of Austrian startups, but the selling price was not disclosed. Kaleido refers to the fitness app Runtastic, which went to adidas for 220 million; the second-hand app Shpock has meanwhile been sold for around 200 million euros.

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