Former Disney CEO Bob Iger has acquired a stake in Australian design firm Canva and agreed to be an advisor to the intently held firm.
“We’re extremely excited to welcome Bob Iger as an investor and advisor,” stated Canva spokesman Lachlan Andrews in an announcement. “Bob brings a wealth of expertise after 15 years on the helm of one of the vital liked and most artistic manufacturers on the earth and we’re trying ahead to working with him.”
Iger and Canva declined to touch upon the scale of the funding. Canva raised cash in September, valuing the company at $40 billion. The graphic design software program firm earned the No. 4 rating on CNBC’s annual Disruptor 50 list, released earlier this month.
Canva has more than 75 million monthly users and was on pace to reach a $1 billion annualized revenue run rate in late 2021, CNBC reported. The Sydney-based firm helps individuals create displays, movies and different designs, competing towards Adobe, Microsoft and different graphic-design software program companies.
Since stepping down from Disney in December, Iger has been investing his personal cash in a number of firms, together with delivery startup GoPuff and toy maker Funko.
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