Total amount raised
$18.6 Million
Latest funding date
08/01/2021
Location
Uizard has successfully raised funding over three rounds, with the latest being a Series A round. The company is backed by 14 investors, including notable names like Insight Partners and LDV Capital.
Keep reading to explore the intricacies of Uizard's fundraising journey and the investors backing this innovative platform.
What Is Uizard?
Uizard is an AI-powered UI design tool that simplifies the creation of wireframes, mockups, and prototypes. The company is based in Copenhagen, Hovedstaden, Denmark, and operates in the fields of Artificial Intelligence, Product Design, Software, UX Design, and Web Design.
Founded by a team of innovators, Uizard has grown to employ between 51-100 people. The platform has been acquired by Miro, further solidifying its impact in the design industry.
How Much Funding Has Uizard Raised?
- Pre-Seed Round
- Amount Raised: USD 800,000
- Date: May 2018
- Lead Investors: LDV Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their AI-powered UI design tool.
- Seed Round
- Amount Raised: USD 2,800,000
- Date: September 2019
- Lead Investors: byFounders
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bring Uizard's product to market.
- Series A Round
- Amount Raised: USD 15,000,000
- Date: August 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand its user base.
Uizard has raised a total of USD 18,600,000. The current valuation is Not publicly disclosed.
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm investing in growth-stage technology and software companies.
- Investment Focus Areas: Technology, Software, Internet, Healthcare, Fintech
- Notable Investments: Twitter, Shopify, DocuSign
- byFounders
- Details: byFounders is a Nordic and Baltic early-stage venture capital firm supporting tech startups.
- Investment Focus Areas: Technology, Software, Consumer Internet, Fintech, AI
- Notable Investments: Corti, Tame, Simple Feast
- LDV Capital
- Details: LDV Capital is a venture capital firm focused on investing in people building visual technology businesses.
- Investment Focus Areas: Visual Technology, AI, Computer Vision, Machine Learning, Media
- Notable Investments: Clarifai, Mapillary, BuzzFeed
- AV8 Ventures
- Details: AV8 Ventures is a US-based venture capital firm that participated in Uizard's seed funding round.
- Investment Focus Areas: AI, Healthcare, Enterprise Software
- Notable Investments: Biofourmis
- New York Venture Partners
- Details: New York Venture Partners is a venture capital firm based in New York, focusing on early-stage investments.
- Investment Focus Areas: Technology, Media
- Notable Investments: BounceX
What's Next for Uizard?
Uizard stands at the cusp of significant growth, driven by the increasing demand for AI-powered design tools. The company’s ability to convert sketches into functional prototypes positions it well to capture a substantial market share. With the global reach of their private beta, the potential for expansion is vast.
Future fundraising opportunities are promising as Uizard continues to demonstrate market traction. The company is likely to attract more venture capital and angel investors, paving the way for additional funding rounds. However, challenges such as competition and maintaining product quality while scaling could pose hurdles.
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