Updated · Nov 16, 2022
Former Disney CEO Bob Iger Acquires Stake in Canva
Updated · May 30, 2022
The design software is worth $40 billion, according to a September valuation.
Investor and Advisor
A former Disney chief executive has bought a stake in Australian graphic design company Canva. Bob Iger has also agreed to become an advisor to the firm.
“We’re incredibly excited to welcome Bob Iger as an investor and advisor,” Canva’s spokesperson Lachlan Andrews said. “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.”
Neither Iger nor Canva has publicly disclosed how much the former Disney top man put into the company.
Bob Iger has taken investments very seriously since he stepped down as head of the media and entertainment multinational. Since December, Iger, who previously served as ABC president, has invested in several startups, including toy manufacturer Funko. In May, he became part-owner of Gopuff, a Philadelphia-based food delivery company.
Forbes put his net worth at $690 billion in 2020.
Canva helps users create logos, presentations, branded images, social media visuals, and more.
In September last year, the graphic design software held a funding round that put its valuation at $40 billion. This earned it a slot as one of the most valuable startups in the world in 2021. Currently, it has upwards of 75 million active monthly users.
Daniel is an Economics grad who fell in love with tech. His love for books and reading pushed him into picking up the pen - and keyboard. Also a data analyst, he's taking that leap into data science and machine learning. When not writing or studying, chances are that you'll catch him watching football or face-deep in an epic fantasy novel.
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