Former Disney CEO Bob Iger has acquired a stake in Australian design firm Canva and agreed to serve as an advisor to the closely held company.
“We are extremely pleased to welcome Bob Iger as an investor and advisor,” Canva spokesman Lachlan Andrews said in a statement. “Bob brings a wealth of experience after 15 years leading one of the most loved and innovative brands in the world and we look forward to working with him.”
Iger and Canva declined to comment on the size of the investment. Canva raised money in September, The company’s valuation is $40 billion. Graphic design software company that has won 4th place on CNBC’s annual Disruptor 50 list, published earlier this month.
Canva has more than 75 million monthly users and on track to hit a $1 billion annual revenue rate by the end of 2021, CNBC reported. The Sydney-based company helps people create presentations, videos, and other designs, competing with Adobe, Microsoft, and other graphic design software companies.
Since leaving Disney in December, Iger has invested his own money in a number of companies, including GoPuff delivery launch and Funko toy maker.
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