Digital Workspace Company MURAL Raises $118 Million

By Noah Long ● August 27, 2020
  • MURAL — a leading digital workspace for visual collaboration in the enterprise — announced that it has closed $118 million in Series B funding led by Insight Partners

MURAL — a leading digital workspace for visual collaboration in the enterprise — announced that it has closed $118 million in Series B funding led by Insight Partners and joined by Tiger Global, Slack Fund, World Innovation Lab, and existing investor Gradient Ventures. Other investors who participated in the funding round include Qualtrics CEO and co-founder Ryan Smith, AthenePartners CEO Bill Veghte, and former Gainsight COO Allison Pickens. Insight Partners managing director Jeff Lieberman has joined MURAL’s Board of Directors and Insight Partners managing director Nikhil Sachdev has joined the Board as an observer.

Enterprise teams and consulting leaders are using MURAL to generate common understanding and solve problems through visual collaboration. MURAL works as a digital workspace for product strategy and planning, research and design collaboration, facilitated workshops that use agile and design thinking methodologies, and sales and consulting engagements. And MURAL integrates with Slack, Microsoft Teams, Dropbox, JIRA, Google Drive, and GitHub, among other platforms.

The Series B capital will enable MURAL to expand adoption to new types of teams and use cases within enterprises and extend its go-to-market operations globally. Plus it will accelerate development of new enterprise-ready features and deepen its community engagement initiatives that support facilitators, design thinkers, and agile experts as they advance the way teams work together.

MURAL’s revenue tripled year over year and the company doubled headcount and added more than a million monthly active users around the world so far this year. Enterprises like IBM, Autodesk, Intuit, GitHub, and Atlassian each have up to tens of thousands of MURAL members collaborating with the product each month.

KEY QUOTES:

“MURAL has repeatedly supported massive implementations and met the exacting specifications of global enterprises. The company has shifted from a startup to a scaleup, not only growing revenue through rapid expansion within Fortune 500 companies, but also onboarding new enterprise customers and consulting partners at high velocity. Insight Partners looks forward to helping to accelerate market adoption of MURAL to support the future of team collaboration.”

— Jeff Lieberman of Insight Partners

“Slack Fund invests in companies that are reinventing the future of work, especially those addressing the unique challenges presented by distributed teams. As the system of record for visual productivity, MURAL gives teams the ability to develop ideas in real-time to enhance innovation and collaboration at enterprise scale. We have seen that when integrated with the Slack platform, MURAL’s solution transforms how distributed teams interact and imagine together to get work done.”

— Jason Spinell, director of Slack Fund

“Imagination at work is key to innovation. The visual methods made popular to collaborate on ideas are here to guide us. Early adopters in some of the largest organizations in the world realized that they don’t need to be in the same room to turn imagination into innovation through visual collaboration. They now feel comfortable doing product strategy, improving processes, and engaging customers remotely. Today, everybody else is rushing to develop this level of remote work fluency. With this funding and the expansion of our team, we are ready to support teams all over the world in their journey.”

— MURAL’s co-founder and CEO Mariano Suarez-Battan