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San Francisco-based Miro Raises USD 50 Million in Series B Round of Financing

By HR Tech Outlook | Wednesday, April 29, 2020

Miro has over five million users and 20,000 paying customers, including 80 percent of the Fortune 100. Miro customers include Dell, Cisco, Salesforce, PwC, and EA, with multiple enterprises deploying Miro for thousands of internal users

Fremont, CA: Online whiteboard platform provider for team collaboration, Miro, secured USD 50 million in a Series B round of financing led by ICONIQ Capital, a privately-held investment firm with investments in industry leaders such as Gitlab, Intercom, Datadog, Snowflake, and Adyen. The series was also participated by 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.

Top 10 Workforce Management Solution Companies - 2020"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 has over five million users and 20,000 paying customers, including 80 percent of the Fortune 100. Miro customers include Dell, Cisco, Salesforce, PwC, and EA, with multiple enterprises deploying Miro for thousands of internal users. "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."

The company'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. Proceeds from the financing round will be used to scale the company's 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.

See also: Top HR Tech Companies

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