Total amount raised
$193.6 Millions
Latest funding date
7/1/2021
Location
Mural has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform is designed to enhance collaboration and productivity through its visual work solutions.
Keep reading to explore the intricacies of Mural's fundraising journey and the investors backing this innovative platform.
What Is Mural?
Mural, founded in 2011 by Agustin Soler and Mariano Battan, is headquartered in San Francisco, California. The company specializes in providing a visual work platform designed to enhance collaboration and productivity.
With a team of 501-1000 employees, Mural focuses on generating effective ideation, innovation, alignment, and team building. The platform connects teams to unlock their potential, increasing the innovation capacity of enterprises.
Mural's tools support brainstorming, strategic planning, customer journey mapping, and more, integrating seamlessly with Microsoft 365 Copilot and ensuring compliance with GDPR and CCPA regulations.
How Much Funding Has Mural Raised?
- Seed Round
- Amount Raised: $775K
- 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
- Amount Raised: $500K
- 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 early user base.
- Seed Round
- Amount Raised: $1.4M
- Date: July 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance platform features.
- Series A
- Amount Raised: $23M
- 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
- Amount Raised: $118M
- Date: August 2020
- Lead Investors: Insight Partners
- Valuation at Round: Around $500M
- Motivation Behind the Round: To capitalize on increased demand for remote collaboration tools during the COVID-19 pandemic.
- Secondary Market
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
- Series C
- Amount Raised: $50M
- Date: July 2021
- Lead Investors: Insight Partners, Tiger Global Management
- Valuation at Round: Over $2B
- Motivation Behind the Round: To further platform development, support hybrid and distributed workforces, and integrate with other software platforms.
Total Amount Raised: $193.675M. Current Valuation: Over $2B.
Key Investors
- Insight Partners
- Details: Insight Partners is a global venture capital and private equity firm founded in 1995. They have over $30 billion in capital commitments and a portfolio of more than 400 companies worldwide.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Twitter, Shopify, DocuSign.
- Tiger Global Management
- Details: Tiger Global Management is a global technology investment firm founded in 2001. They manage over $70 billion in assets and focus on both private and public companies.
- Investment Focus Areas: Internet, software, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Gradient Ventures
- Details: Gradient Ventures is Google's AI-focused venture fund. They invest in early-stage startups that leverage artificial intelligence to solve significant problems.
- Investment Focus Areas: Artificial intelligence, machine learning, software.
- Notable Investments: Algorithmia, Labelbox, Lilt.
- Radian Capital
- Details: Radian Capital is a growth equity firm that invests in business software and services companies. They focus on helping companies scale efficiently.
- Investment Focus Areas: Business software, services, technology.
- Notable Investments: Kustomer, Smarsh, VTS.
- Intel Capital
- Details: Intel Capital is the strategic investment arm of Intel Corporation. They invest in innovative technology startups worldwide.
- Investment Focus Areas: Technology, software, hardware.
- Notable Investments: Cloudera, DocuSign, Vuzix.
What's Next for Mural?
Mural's future is brimming with opportunities, particularly in the expanding hybrid and remote work environments. The company plans to leverage its recent $50 million Series C funding to enhance its platform, integrate with major software like Microsoft Teams and Zoom, and support its growing community of facilitators and team leaders. With over 100 customers generating significant revenue, Mural is well-positioned to capitalize on the increasing demand for digital collaboration tools.
Future fundraising seems promising, given Mural's strong growth metrics and market demand. The company may attract further investments to support its expansion and potential acquisitions. However, challenges such as competition from other collaboration tools and maintaining growth momentum could pose hurdles. Ensuring security and compliance for enterprise clients will also be crucial as Mural scales globally.
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