Stock Groups

Former Disney CEO Bob Iger takes stake in Australian design company Canva


Bob Iger, former CEO of Disney, has purchased a share in Canva Australia and is now an advisor.

“We’re incredibly excited to welcome Bob Iger as an investor and advisor,” said Canva spokesman Lachlan Andrews in a statement. After 15 years of leading one of the most beloved and creative brands around the globe, Bob brings with him a lot of knowledge and experience. We look forward to working together.”

Canva and Iger declined to discuss the amount of the investment. Canva raised funds in September. valuing the company at $40 billion.This graphic design company was awarded the No. The graphic design software company was ranked No. CNBC’s annual Disruptor 50 list, released earlier this month.

Canva has more than 75 million monthly users was on pace to reach a $1 billion annualized revenue run rate in late 2021, CNBC reported. This Sydney-based firm helps users create videos, presentations and other design elements, and competes against Adobe and Microsoft.

Iger began investing his money since December when he resigned from Disney. delivery startup GoPuff toy maker Funko.

WATCH: Bob Chapek’s and Bob Iger’s complicated relationship