Former Disney CEO Bob Iger has acquired a stake in Australian design company Canva and agreed to be an advisor to the carefully held company.
“We’re incredibly excited to welcome Bob Iger as an investor and advisor,” stated Canva spokesman Lachlan Andrews in a press release. “Bob brings a wealth of experience after 15 years at the helm of one of the most loved and most creative brands in the world and we’re looking forward to working with him.”
Iger and Canva declined to touch upon the dimensions of the funding. Canva raised cash in September, valuing the company at $40 billion. The graphic design software program company earned the No. 4 rating on CNBC’s annual Disruptor 50 checklist, launched earlier this month.
Canva has greater than 75 million month-to-month customers and was on tempo to succeed in a $1 billion annualized income run fee in late 2021, CNBC reported. The Sydney-based company helps folks create displays, movies and different designs, competing in opposition to 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 supply startup GoPuff and toy maker Funko.
WATCH: Bob Chapek and Bob Iger’s strained relationship
Former Disney CEO Bob Iger takes stake in Australian design company Canva & More Latest News Update
Former Disney CEO Bob Iger takes stake in Australian design company Canva & More Live News
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Former Disney CEO Bob Iger takes stake in Australian design company Canva & More News Today
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