Total amount raised
$193.6 Million
Latest funding date
7/1/2021
Location
Mural has successfully raised funds over seven rounds, with notable investors including Tiger Global Management and Insight Partners. The latest funding round was a Series C, further solidifying its financial foundation.
Keep reading to explore the intricacies of Mural's fundraising journey and the investors backing this innovative platform.
What Is Mural?
Mural is a collaborative intelligence company headquartered in San Francisco, California. It operates within various sectors including B2B, collaboration, enterprise applications, and software. The company has a workforce of 501-1000 employees.
Founded to enhance team collaboration, Mural offers an AI-powered visual workspace that connects strategy to execution. The platform is designed to streamline workflows and drive results in a shared workspace, making it a trusted tool for brands worldwide.
How Much Funding Has Mural Raised?
- Seed Round (September 2012)
- Amount Raised: USD 775,000
- Date: September 2012
- Lead Investors: Intel Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial product development and market entry.
- Seed Round (October 2015)
- Amount Raised: USD 500,000
- Date: October 2015
- Lead Investors: Alta Ventures Mexico
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the user base.
- Seed Round (July 2016)
- Amount Raised: USD 1,350,000
- Date: July 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series A (January 2020)
- Amount Raised: USD 23,000,000
- Date: January 2020
- Lead Investors: Gradient, Radian Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early growth and product development.
- Series B (August 2020)
- Amount Raised: USD 118,000,000
- Date: August 2020
- Lead Investors: Insight Partners
- Valuation at Round: Around USD 500,000,000
- Motivation Behind the Round: To capitalize on the increased demand for remote collaboration tools during the COVID-19 pandemic.
- Secondary Market (December 2020)
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series C (July 2021)
- Amount Raised: USD 50,000,000
- Date: July 2021
- Lead Investors: Insight Partners, Tiger Global Management
- Valuation at Round: Over USD 2,000,000,000
- Motivation Behind the Round: To expand platform development, support hybrid and distributed workforces, and integrate with other software platforms.
Total Amount Raised: USD 193,625,000. Current Valuation: Over USD 2,000,000,000.
Key Investors
- Insight Partners
- Details: Insight Partners is a global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies. Founded in 1995, it has invested in more than 400 companies worldwide and raised over $30 billion in capital commitments.
- Investment Focus Areas: High-growth technology, software ScaleUp companies.
- Notable Investments: Shopify, Twitter, Qualtrics.
- Tiger Global Management
- Details: Tiger Global Management is a global technology investment firm with over $70 billion under management. It focuses on private and public companies in the internet, software, and financial technology sectors.
- Investment Focus Areas: Internet, software, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Gradient
- Details: Gradient is a venture capital firm that invests in early-stage technology companies. It is known for its focus on innovative startups that have the potential to disrupt their respective industries.
- Investment Focus Areas: Technology, software, innovation.
- Notable Investments: Not publicly disclosed.
- Radian Capital
- Details: Radian Capital is a growth equity firm that invests in business software and technology-enabled services companies. The firm aims to support companies in scaling their operations and achieving sustainable growth.
- Investment Focus Areas: Business software, technology-enabled services.
- Notable Investments: Not publicly disclosed.
- Alta Ventures Mexico
- Details: Alta Ventures Mexico is a venture capital firm that focuses on early-stage investments in high-growth companies in Mexico and Latin America. The firm aims to support innovative startups in various sectors.
- Investment Focus Areas: High-growth companies, innovation, Latin America.
- Notable Investments: Not publicly disclosed.
What's Next for Mural?
Mural stands at the cusp of significant opportunities, driven by the increasing adoption of remote and hybrid work environments. The company is poised to expand its guided visual collaboration platform, integrating with major software like Microsoft Teams and Zoom. This expansion is bolstered by a growing community of facilitators and experts, ensuring Mural's tools remain indispensable for enterprises worldwide.
Future fundraising appears promising, given Mural's impressive growth metrics and strong market position. The company has tripled its annual recurring revenue and boasts a valuation of over $2 billion. These factors make it an attractive candidate for additional funding rounds, which could further fuel its expansion and development efforts.
However, Mural faces challenges such as intense competition from other collaboration tools and the need to maintain rapid growth. Ensuring the platform's security and scalability for large enterprises will be crucial. Despite these hurdles, Mural's strategic focus on innovation and market penetration positions it well for continued success.
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