Allo, a San Francisco, CA-based collaborative whiteboard software provider, raised $5M in Pre Series A funding.
Backers included Atinum Investment, Partners Investment, Smilegate Investment, Ascendo Ventures and Zoom Video Communications Inc.
The company intends to use the funds to expand its collaborative whiteboard solutions around remote and hybrid work needs, virtual education and online meeting facilitation, and grow go-to-market capabilities and product development teams globally, doubling in size by the end of next year.
Led by Raymond Hong, CEO and Co-founder, Allo is a whiteboard-based virtual workspace for team collaboration. The platform enables modern teams to collaborate virtually while working remotely. Founded in 2014 as a digital whiteboard for people to collaborate in real-time, in 2020, after completing Alchemist Accelerator’s program, the company began focusing on supporting remote and hybrid workers, virtual education practitioners and online meeting facilitators. Today, Allo is used by enterprise customers worldwide to visually collaborate and bring context to online meetings, brainstorming, knowledge sharing, project management, and documentation as if they were working side-by-side in the same space.