Canva was valued at $40 billion in its September funding round.

Australian graphic design startup Canva is welcoming aboard Bob Iger, former CEO at Disney (NYSE: DIS), as an investor and advisor. The size of Iger’s investment has not been disclosed. (CNBC)

“We’re incredibly excited to welcome Bob Iger as an investor and advisor,” said Canva spokesman Lachlan Andrews in a statement. “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.”

In October last year Iger, while still at Disney, invested in animal-free dairy startup Perfect Day. He also took a board seat in the startup, which had then raised $360 million.

Iger stepped down from Disney in December and has since been making venture investments, including in delivery startup GoPuff and toy maker Funko.

In March, Iger invested in and joined the board of metaverse startup Genies, that claims to own 99% of the celebrity avatar market share and includes Universal Music Group and Warner Music Group as clients, for whom it also makes NFTs, or non-fungible tokens.

“I’ve always been drawn to the intersection between technology and art, and Genies provides unique and compelling opportunities to harness the power of that combination to enable new forms of creativity, expression and communication,” Iger said at the time.

Iger had a stellar 15-year record at Disney, during which time he acquired Marvel and Star Wars for the company. He also masterminded the launch of streaming service Disney Plus, which is now extremely important to Disney’s future business prospects.

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