diff --git a/src/packages/excalidraw/example/App.js b/src/packages/excalidraw/example/App.js
index 55e09e6eb..64f71af68 100644
--- a/src/packages/excalidraw/example/App.js
+++ b/src/packages/excalidraw/example/App.js
@@ -29,6 +29,12 @@ const COMMENT_SVG = (
   </svg>
 );
 
+const THUMBS_UP_SVG = (
+  <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512">
+    <path d="M96 191.1H32c-17.67 0-32 14.33-32 31.1v223.1c0 17.67 14.33 31.1 32 31.1h64c17.67 0 32-14.33 32-31.1V223.1C128 206.3 113.7 191.1 96 191.1zM512 227c0-36.89-30.05-66.92-66.97-66.92h-99.86C354.7 135.1 360 113.5 360 100.8c0-33.8-26.2-68.78-70.06-68.78c-46.61 0-59.36 32.44-69.61 58.5c-31.66 80.5-60.33 66.39-60.33 93.47c0 12.84 10.36 23.99 24.02 23.99c5.256 0 10.55-1.721 14.97-5.26c76.76-61.37 57.97-122.7 90.95-122.7c16.08 0 22.06 12.75 22.06 20.79c0 7.404-7.594 39.55-25.55 71.59c-2.046 3.646-3.066 7.686-3.066 11.72c0 13.92 11.43 23.1 24 23.1h137.6C455.5 208.1 464 216.6 464 227c0 9.809-7.766 18.03-17.67 18.71c-12.66 .8593-22.36 11.4-22.36 23.94c0 15.47 11.39 15.95 11.39 28.91c0 25.37-35.03 12.34-35.03 42.15c0 11.22 6.392 13.03 6.392 22.25c0 22.66-29.77 13.76-29.77 40.64c0 4.515 1.11 5.961 1.11 9.456c0 10.45-8.516 18.95-18.97 18.95h-52.53c-25.62 0-51.02-8.466-71.5-23.81l-36.66-27.51c-4.315-3.245-9.37-4.811-14.38-4.811c-13.85 0-24.03 11.38-24.03 24.04c0 7.287 3.312 14.42 9.596 19.13l36.67 27.52C235 468.1 270.6 480 306.6 480h52.53c35.33 0 64.36-27.49 66.8-62.2c17.77-12.23 28.83-32.51 28.83-54.83c0-3.046-.2187-6.107-.6406-9.122c17.84-12.15 29.28-32.58 29.28-55.28c0-5.311-.6406-10.54-1.875-15.64C499.9 270.1 512 250.2 512 227z" />
+  </svg>
+);
+
 const resolvablePromise = () => {
   let resolve;
   let reject;
@@ -176,6 +182,14 @@ export default function App() {
         >
           {COMMENT_SVG}
         </button>
+        <button
+          className="custom-element"
+          onClick={() => {
+            excalidrawRef.current.setCustomType("thumbsup");
+          }}
+        >
+          {THUMBS_UP_SVG}
+        </button>
       </>
     );
   };
@@ -204,6 +218,29 @@ export default function App() {
         transformHandles: false,
         stackedOnTop: true,
       },
+      {
+        type: "custom",
+        customType: "thumbsup",
+        svg: () => {
+          return new Promise((resolve, reject) => {
+            const image = document.createElement("img");
+            image.crossOrigin = "Anonymous";
+            image.src =
+              "https://upload.wikimedia.org/wikipedia/commons/1/1f/SMirC-thumbsup.svg";
+
+            image.onload = function () {
+              const canvas = document.createElement("canvas");
+              canvas.width = 30 * window.devicePixelRatio;
+              canvas.height = 30 * window.devicePixelRatio;
+              const context = canvas.getContext("2d");
+              context.scale(window.devicePixelRatio, window.devicePixelRatio);
+              context.drawImage(image, 5, 5, 20, 20);
+              resolve(canvas.toDataURL());
+            };
+            image.onerror = (err) => reject(err);
+          });
+        },
+      },
     ];
   };
 
diff --git a/src/renderer/renderElement.ts b/src/renderer/renderElement.ts
index 750ddb9ab..0a9c3d264 100644
--- a/src/renderer/renderElement.ts
+++ b/src/renderer/renderElement.ts
@@ -272,7 +272,27 @@ const drawElementOnCanvas = (
       if (!customElementImgCache[config.customType]) {
         const img = document.createElement("img");
         img.id = config.customType;
-        img.src = config.svg;
+        if (typeof config.svg === "string") {
+          img.src = config.svg;
+        } else {
+          const svg = config.svg(element);
+          if (svg instanceof Promise) {
+            svg.then((res) => {
+              img.src = res;
+              customElementImgCache[img.id] = img;
+
+              context.drawImage(
+                customElementImgCache[config.customType],
+                0,
+                0,
+                element.width,
+                element.height,
+              );
+            });
+          } else {
+            img.src = svg;
+          }
+        }
         customElementImgCache[img.id] = img;
       }
       context.drawImage(
diff --git a/src/types.ts b/src/types.ts
index f644af1f8..e42c98a68 100644
--- a/src/types.ts
+++ b/src/types.ts
@@ -228,7 +228,7 @@ export type CustomElementConfig = {
   type: "custom";
   customType: string;
   transformHandles?: boolean;
-  svg: string;
+  svg: string | ((element?: ExcalidrawElement) => string | Promise<string>);
   width?: number;
   height?: number;
   stackedOnTop: boolean;