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

Former Disney CEO Bob Iger has acquired a stake in Australian design firm Canva and agreed to be an advisor to the carefully held firm.”We’re extremely excited to welcome Bob Iger as an investor and advisor,” stated Canva spokesman Lachlan Andrews in a press release. “Bob brings a wealth of expertise after 15 years on the helm of one of the vital cherished and most inventive manufacturers on this planet and we’re wanting ahead to working with him.”Iger and Canva declined to touch upon the scale of the funding. Canva raised cash in September, valuing the corporate at $40 billion. The graphic design software program firm earned the No. 4 rating on CNBC’s annual Disruptor 50 listing, 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 firm helps folks create displays, movies and different designs, competing towards Adobe, Microsoft and different graphic-design software program corporations.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