Ex-Disney CEO Bob Iger takes stake in Australian design corporate Canva, which has been valued at $40 billion

Former Disney CEO Bob Iger has obtained a stake in Australian design corporate Canva and agreed to be an guide to the carefully held corporate.

“We are extremely excited to welcome Bob Iger as an investor and guide,” stated Canva spokesman Lachlan Andrews in a remark. “Bob brings a wealth of enjoy after 15 years on the helm of some of the liked and maximum ingenious manufacturers on this planet and we are having a look ahead to operating with him.”

Iger and Canva declined to remark at the dimension of the funding. Canva raised cash in September, valuing the corporate at $40 billion. The graphic design tool corporate earned the No. 4 rating on CNBC’s annual Disruptor 50 record, launched previous this month.

Canva has greater than 75 million per month customers and used to be on tempo to succeed in a $1 billion annualized income run fee in past due 2021, CNBC reported. The Sydney-based corporate is helping other people create shows, movies and different designs, competing towards Adobe, Microsoft and different graphic-design tool companies.

Since stepping down from Disney in December, Iger has been making an investment his personal cash in different firms, together with supply startup GoPuff and toy maker Funko.

WATCH: Bob Chapek and Bob Iger’s strained dating