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Miro Raises $400M in Series C Funding Round

Miro, the online platform accelerating innovation through visual collaboration, announced it#nbsp;has closed $#nbsp;400M in#nbsp;Series C#nbsp;financing. This investment will support Miro’s continued focus on#nbsp;helping organizations and enterprises unlock creativity, increase productivity, strengthen collaboration, and rapidly innovate. With the global movement to#nbsp;remote and hybrid work, Miro has increased its user base to#nbsp;30M and now works with 99% of#nbsp;Fortune 100 companies as#nbsp;they adopt a#nbsp;new, digital-first way of#nbsp;working.

This new infusion of#nbsp;capital brings Miro’s total funding to $#nbsp;476M and a#nbsp;post-money valuation of $#nbsp;17.5B. As#nbsp;a#nbsp;profitable company, Miro will invest the capital in#nbsp;product development and programs designed to#nbsp;bring the visual collaboration platform to#nbsp;more enterprises, and continue expanding its global footprint. Investors in#nbsp;the Series C#nbsp;round include ICONIQ Growth, Accel, Atlassian, Dragoneer, GIC, Salesforce Ventures, and TCV.

Since Miro raised its $#nbsp;50M Series B funding round in#nbsp;April 2020, the company has increased its user base by#nbsp;500% (from 5M to#nbsp;30M) and its paying customer base by#nbsp;550% (from 20,000 to#nbsp;130,000).

Miro, which pioneered the visual collaboration category, brings teams together in#nbsp;a#nbsp;shared online workspace that begins as#nbsp;a#nbsp;blank canvas to#nbsp;solve complex problems, design products and services, improve processes, exchange ideas and bring them to#nbsp;life in#nbsp;an#nbsp;agile way. The platform enables a#nbsp;new way of#nbsp;working that allows teams to#nbsp;co-create quickly and inclusively#nbsp;— no#nbsp;matter where they are located#nbsp;— through more than 100 app integrations and nearly a#nbsp;thousand templates designed to#nbsp;help teams start quickly.

Published by APNews —#nbsp;on#nbsp;January 5, 2022
2022-01-05 17:41 News