Miro raises $400m
Digital whiteboard app Miro has hit a valuation of $17.5bn after raising $400m in Series C funding.
The firm plans to use the cash for continued product development. Investors include Atlassian and Salesforce.
Andrey Khusid, Co-founder and CEO of Miro, said: “For more than a decade, Miro’s vision has been to create an infinite canvas for better collaboration, both in-person and online, helping organisations unlock creativity and drive meaningful outcomes.
“We believe that our platform is now more important than ever as organisations around the globe are redefining the way they work — looking for new ways to engage teams and do away with siloed thinking”
“Thousands of organisations use Miro’s platform every day to harness the power of collaboration to nurture new ideas, solve complex problems, and bring new products to market. We believe that the ‘Miro way’ will be the spark that enables teams to transform imagination into execution and opportunity into reality.”
Miro is in the middle of a period of strong growth, with its headcount doubling to more than 1,200 over the past 12 months. It has also opened offices in Berlin, Munich, London, Sydney and Tokyo over this period, taking it to 11 bases worldwide.
Integrations have been announced with Atlassian, Cisco, Google, Microsoft Teams and Zoom.
Alex Kayyal, SVP and Managing Partner, Salesforce Venture, said: “Miro’s platform helps millions of users, organizations, and enterprises around the world to collaborate, strategise, and execute in creative ways using visual collaboration,”
“In this all-digital work-from-anywhere world, Miro’s mission to bring impactful collaboration to hybrid work environments is vital.
“We have been deeply impressed by the company’s product centricity, fast growth and community ecosystem, and view Miro as a generational company that is disrupting productivity.”
Miro says it’s pioneered the visual collaboration space with its infinite canvas, which can be zoomed into endlessly.
The firm claims to now have 30 million users worldwide, with subscriptions starting at a free tier and rising to $16 per user per month. Bespoke pricing is available for enterprises.
It also claims that 99 percent of the Fortune 100 use its platform.