Mural builds a visual collaboration space — a digital whiteboard — aimed at teams doing creative and collaborative work remotely or in hybrid setups. The company benefited from COVID-driven remote work adoption and argues hybrid and distributed office footprints will sustain demand for its product. Mural disclosed it tripled its annual recurring revenue in the last year and has tripled ARR in each of the past two years. Customers generating $100,000 in ARR tripled to more than 100 organizations, and the company now has seven customers each contributing at least $1,000,000 in ARR. Management says net dollar retention is strong and that the company has retained efficiency while scaling. The firm plans to use its capital and valuation upside to pursue smaller acquisitions and talent as needed. MURAL provides a whiteboard-like digital environment that enables visual collaboration and remote brainstorming. The company has seen accelerated growth in 2020 as remote-work demand increased. MURAL disclosed it tripled its annual recurring revenue (ARR) in the last year and added “over a million” monthly active users in 2020; prior to 2020 its monthly actives were in the “hundreds of thousands.” Management plans to deploy the new capital toward global go-to-market capabilities, product work, and community engagement initiatives, including strengthening its consultant network. Mariano Suarez-Battan is CEO, and the company believes it is operating in a large horizontal market with room to expand. TechCrunch reported the Series B was a minority investment and that the company expects the pandemic-driven shift to remote work to continue fueling demand. Mural builds visual collaboration software and digital whiteboards designed for team and enterprise use. The product targets remote-work and workplace collaboration trends and is marketed with a land‑and‑expand sales motion. IBM was the company’s first and biggest customer, and today most revenue comes from large firms. The company reports six‑figure deals and a couple of customers that generate more than $1 million per year, indicating notable revenue traction. Mural has grown in a capital‑efficient way, having raised only a few million prior to its recent financing. Management says the new capital will be used to hire and build teams that can work with consultants and accelerate go‑to‑market efforts. Mural is a San Francisco- and Buenos Aires-based provider of remote design and collaboration software. Its core product is a visual collaboration tool that lets creative people visually organize ideas, workshop content and mix in multimedia components to facilitate conversations. The company counts customers such as IBM, Steelcase, Stanford and Disney, which it uses to scale design process and culture. Mural closed a $1.35M seed funding round to support its growth. It also secured a relationship with IBM after completing IDEO’s Startup in Residence program. Mariano Suarez-Battan is co-founder and CEO. Mural.ly is a web-based creative collaboration platform that offers a scrollable virtual canvas where users arrange websites, photos, audio and other media to collect and share ideas. The product emphasizes free-form brainstorming and real-time group collaboration rather than narrative-driven presentations. It integrates content from across the web, including maps, Pinterest content, Dropbox files and Wikipedia entries, and is optimized for touch devices like the iPad. The company grew out of game-design thinking and was founded by Mariano Suarez Battan, who previously built Three Melons. Mural.ly opened to the public alongside the announcement of a seed funding round. The team is targeting creative agencies and design professionals as early adopters.

Total raised

$193M

Funding rounds

5

Latest round

Series C

Latest activity

Jul 2021