- Wisdom LLP recently announced that it led an investment in graphics, illustration, and publishing company Canvas GFX
Canvas GFX — a leading provider of graphics, illustration, and publishing software — announced recently that it raised funding from Wisdom LLP (California-based consulting and VC firm). The transaction — which was led by Wisdom LLP — is intended to raise $1 million in the form of a note convertible to the Company’s Series A financing planned for later this year. In conjunction with the funding, Wisdom LLP co-founder and managing director Gary Griffiths is joining the Canvas GFX board of directors.
Griffiths has more than 40 years of experience in the high-tech industry. And prior to founding Wisdom, he was the CEO of iPass — where he led a successful exit through acquisition in February 2019. And Griffiths also co-founded and led several Silicon Valley-based startups along with holding senior executive management positions in established technology companies including the president of Webex prior to the successful acquisition by Cisco. And he has been a successful angel investor in early-stage companies such as Zoom, Janrain, Rackable, DataFox, and several others.
“We’re excited to partner with Wisdom LLP,” said Bryce Tingle — the chairman of the board at Canvas. “And to have Gary join the board. With the leadership of Patricia Hume as CEO, the experience Gary brings, and the funding to fuel our growth, we are confident that the Company can expand product offerings and accelerate revenue.”
Along with the addition of Griffiths’ appointment to the board of directors, Canvas GFX also names Mark diTargiani as the new VP of Sales. diTargiani is a top-level sales executive, speaker, and coach for more than 20 years who successfully delivered consistent and robust top and bottom-line results. As the sales director at TriNet, diTargiani helped the company go public in 2014.
“The Canvas GFX team has done a remarkable job building a brand and recognition across a broad swath of blue-chip enterprises,” added Canvas CEO Patricia Hume. “We’re fortunate to have Gary’s ‘wisdom’ on the team, and look forward to putting this new funding to work in building new product offerings while adding sales expertise.”
Canvas’ software is used by people to simplify documentation and sharing complex objects and systems. Plus many of the world’s largest companies in the aerospace, defense, and manufacturing industry use Canvas’ all in one graphical design and technical illustration software as an integral part of their documentation workflow.
“Canvas GFX is one of the most interesting and unique opportunities I’ve seen over my long career,” said Griffiths. “Rarely does one get the opportunity to invest in a company that is early-stage, yet has a solid, customer-hardened product, stable revenue, and an enviable list of satisfied enterprise customers. I consider myself fortunate to play a role.”
