VC Valuations
Business collaboration company Miro chalks up $17.5B valuation
January 5, 2022
With a hybrid or fully remote work environment likely here to stay for the foreseeable future, investor interest in companies that develop digital collaboration tools is growing stronger than ever.
A number of business collaboration startups achieved multibillion-dollar valuations during 2021. Notable examples include Benchling, a platform helping scientists collaborate on biotech R&D that raised a $100 million round at a valuation of $6.1 billion in November. Another is Notion, a note-taking and project management tool whose valuation jumped to $10 billion in October, according to PitchBook data.
But investors seem especially bullish on Miro, the developer of an online whiteboard and visual collaboration platform, which just fetched a $400 million Series C at a valuation of $17.5 billion.
The round catapulted Miro to the 10th most valuable VC-backed company in the US, right behind neobank Chime, according to PitchBook data.
Headquartered in San Francisco and Amsterdam, Miro said that its user base grew by 500% from 5 million to 30 million since it closed a $50 million Series B led by Iconiq Capital in 2020. Backers of the latest round include institutional and angel investors such as Iconiq Capital, Accel, Salesforce Ventures and Snowflake CEO Frank Slootman.
Featured image by Westend61/Getty Images
A number of business collaboration startups achieved multibillion-dollar valuations during 2021. Notable examples include Benchling, a platform helping scientists collaborate on biotech R&D that raised a $100 million round at a valuation of $6.1 billion in November. Another is Notion, a note-taking and project management tool whose valuation jumped to $10 billion in October, according to PitchBook data.
But investors seem especially bullish on Miro, the developer of an online whiteboard and visual collaboration platform, which just fetched a $400 million Series C at a valuation of $17.5 billion.
The round catapulted Miro to the 10th most valuable VC-backed company in the US, right behind neobank Chime, according to PitchBook data.
Headquartered in San Francisco and Amsterdam, Miro said that its user base grew by 500% from 5 million to 30 million since it closed a $50 million Series B led by Iconiq Capital in 2020. Backers of the latest round include institutional and angel investors such as Iconiq Capital, Accel, Salesforce Ventures and Snowflake CEO Frank Slootman.
Featured image by Westend61/Getty Images
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