News: Miro raises $400 million in Series C funding round

Funding & Investment

Miro raises $400 million in Series C funding round

The new funding round values the online workspace company at $17.5 billion, as it reaches 30 million users.
Miro raises $400 million in Series C funding round

Miro, an online workspace company, announced it has raised $400 million in a Series C financing – the largest round to date. Since Miro raised $50 million in a Series B funding in April 2020, the company has increased its user base to 30 million and now works with 99% of Fortune 100 companies.

This latest capital raise brings Miro’s total funding to $476 million, and a post-money valuation of $17.5 billion. The visual collaboration company plans to invest the capital in product development and programs designed to take the visual collaboration platform to more enterprises, and continue expanding its global footprint.

Investors in the Series C round include ICONIQ Growth, Accel, Atlassian, Dragoneer, GIC, Salesforce Ventures, and TCV.

This investment will support Miro’s focus on helping organisations and enterprises unlock creativity, increase productivity, and collaboration.

Andrey Khusid, Co-Founder and CEO of Miro, said, ‘We believe that our platform is now more important than ever as organisations around the globe are redefining the way they work — looking for new ways to engage teams and do away with siloed thinking. We believe that the ‘Miro way’ will be the spark that enables teams to transform imagination into execution and opportunity into reality.’

'We believe Miro sits at a powerful intersection between asynchronous and synchronous work that captures and ignites creative processes everywhere,' said Matthew Jacobson, General Partner at ICONIQ Growth and a Miro Board member.

Additional investors include Howie Liu (Co-founder and CEO, Airtable), Andrew Ofstad (Co-founder, Airtable), Frank Slootman (Chairman and CEO, Snowflake), and Dan Springer (CEO, DocuSign).

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Topics: Funding & Investment, Technology, Employee Engagement

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