Mural, a San Francisco, CA-based digital workspace for visual collaboration in the enterprise, raised $118m in Series B funding.
The round was led by Insight Partners with participation from Tiger Global, Slack Fund, World Innovation Lab, and existing investor Gradient Ventures. Numerous other investors participated in the funding, including Ryan Smith, CEO and co-founder of Qualtrics; Bill Veghte, CEO of AthenePartners, former Microsoft SVP and former HP COO; and Allison Pickens, former COO of Gainsight.
In conjunction with the funding, Jeff Lieberman, managing director at Insight Partners, joined Mural’s Board of Directors as Insight Partners managing director, Nikhil Sachdev, joined the Board as an observer.
The company intends to use the funds to:
- expand adoption to new types of teams and use cases within enterprises;
- extend its go-to-market operations globally;
- 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.
Led by Mariano Suarez-Battan, co-founder and CEO, Mural provides enterprise teams and consulting leaders with a visual collaboration platform to generate common understanding and solve problems. It is 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. Mural integrates with Slack, Microsoft Teams, Dropbox, JIRA, Google Drive, and GitHub, among other platforms.
Enterprises such as IBM, Autodesk, Intuit, GitHub, and Atlassian each have up to tens of thousands of Mural members collaborating with the product each month.