Miro Secures $50M in Series B Funding
SAN FRANCISCO, CA, Online whiteboard platform for team collaboration, has secured $50 million in Series B financing, led by ICONIQ Capital.
Miro, an online whiteboard platform for team collaboration, has secured $50 million in Series B financing, led by ICONIQ Capital, a privately-held investment firm with investments in industry leaders such as Gitlab, Intercom, Datadog, Snowflake and Adyen. Several new individual investors including Olivier Pomel, CEO and Founder of Datadog; Bob Muglia, former CEO of Snowflake; Bradley Horowitz, VP Product at Google and Irene Au, Design Partner at Khosla Ventures and former Google Global Head of User Experience, as well as existing venture investor Accel, also participated in the round.
Miro, which is profitable and growing, has over 5 million users and 20,000 paying customers, including 80% of the Fortune 100. Miro customers include Dell, Cisco, Salesforce, PwC, and EA, with multiple enterprises deploying Miro for thousands of internal users.
Miro's online whiteboard enables distributed teams to work more effectively, from running brainstorming sessions and workshops to planning projects, designing new products and services and facilitating agile ceremonies. Miro has deep integrations with leading collaboration tools including Slack, Microsoft Teams, Zoom, Jira and Notion, enabling its customers with remote teams to work as productively as if they were face to face.
"Our focus is - and has always been - enabling teams to collaborate and create as if they are in the same room, regardless of location," said Andrey Khusid, CEO, Miro. "Our mission and technology are especially relevant now, as more and more people are working remotely and looking for tools that enable them to be effective and high-performing in any environment. Miro is a critical piece of the remote work stack and this new funding will enable us to support millions of additional users as they shift to distributed work."
Miro will use the new financing to scale its global sales and marketing teams, as well as expand the platform to provide enterprises and developers with APIs to embed Miro whiteboards into their business applications.
"The market for virtual collaboration software has been growing rapidly for several years, but the current environment has dramatically accelerated the future of how teams will work," said Matthew Jacobson, partner, ICONIQ Capital and new Miro board member. "We feel Miro is exceptionally well positioned based on its robust technology, passionate leadership team and clear vision for the future of distributed teams."
Miro has 290 employees in five global hubs, including San Francisco, Amsterdam, Austin, Los Angeles, and Perm. Miro is accelerating its hiring across each location, with hires coming from industry leaders such as Salesforce, Slack, Segment, Box, Dropbox, LinkedIn and Drift. Miro has been named a Best Place to Work in Los Angeles by BuiltInLA and in the Top 50 of America's Best Startup Employers by Forbes.
Miro offers both a "free forever" plan which includes unlimited users and boards, as well as tiered paid plans for larger teams and enterprises. Miro is currently offering free or significantly-discounted versions of its platform to students, educational institutions, nonprofits and all organizations working on coronavirus-relief efforts.
Miro is an online whiteboard platform for team collaboration. The company was founded by Andrey Khusid and Oleg Shardin in 2011 as RealtimeBoard and rebranded as Miro in 2019. Miro is funded by ICONIQ Capital, Accel and several angel investors including two-time NBA MVP Stephen Curry, Daniel Dines, founder and CEO of UiPath and Quentin Clark, Former CTO of Dropbox. Over 5 million users worldwide trust Miro to help teams co-create regardless of location. To learn more, please visit www.miro.com.
About ICONIQ Capital
ICONIQ Capital is a privately-held financial advisory and investment firm, and a partner of choice for exceptional entrepreneurs, leaders and institutions around the world. The firm invests in technology growth equity and real estate asset classes and employs a distinctive ecosystem to build enduring businesses. ICONIQ is a trusted advisor fostering meaningful strategic relationships across industries to source powerful ideas, magnify global impact and support a new generation of entrepreneurs and companies. For a full list of investments made by ICONIQ Growth, an affiliate of ICONIQ Capital, please visit https://www.linkedin.com/showcase/iconiq-growth/.
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