Mural Raises $118M to Expand Visual Collaboration Platform

August 25, 2020
Mural's visual collaboration tool encourages employees to team up in order to problem solve.
Image: Mural

Gone are the days of endless sticky notes and crammed white boards. Digital workspace platform Mural allows companies to visually collaborate on a host of business-related subjects online and in real-time.

The San Francisco-based company announced Tuesday that it raised $118 million in a Series B financing round to further its mission of making sure online meetings drive real results. The platform features over 100 colorful templates that can help teams get organized on everything from project planning and brand design to mapping out KPIs and launching new products.

"Today, when people think ‘remote,’ they think video calls, chat, and email. Something’s missing — and it’s imagination. When you connect and collaborate visually, you create new possibilities. You combine ideas, concepts, and pictures in new ways,” Mariano Suarez-Battan, CEO of Mural, said in a statement.

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The additional funding will be used to expand the company’s global go-to market operations. In an effort to achieve that goal, Mural plans on hiring more than 80 people for the company’s product and engineering teams across the United States and Latin America. Having more than doubled the size of the company in 2020, Suarez-Battan told Built In in an email that he plans to grow headcount to 300 by the end of the year.

With Mural, businesses can scale meetings without any additional cost; there’s no limit to the number of employees, or outside guests, that can attend. Those in attendance are invited to participate via digital sticky notes, sketches, graphs, photos and more. Not only that, but the platform eliminates meeting distractions by allowing team leads to hide and reveal sections of a presentation as a meeting continues to progress.

“Getting ideas into a visual space allows you to shape those ideas. In time, you can share those ideas with others. It’s [our] goal to enable members everywhere to make space for imagination,” Suarez-Battan continued.

The platform also enables its users to manage all of their work-related applications in one centralized dashboard. Mural fully integrates with Slack, Dropbox, Jira, Google Drive and GitHub, among other platforms.

“Every day, new teams discover that, once you have the space to make ideas visual, the methods to make ideas clear, and the freedom to collaborate, you speed up the process of innovation. You transform work,” Suarez-Battan said in a blog post. “2020 has seen visual thinking and remote collaboration go mainstream.”

In addition to his expansion plans, Suarez-Battan said that he’s focused on making the platform more accessible to a “less tech savvy audience” moving forward.

Mural, founded in 2011, has raised $142.3 million in venture capital to date, according to Crunchbase.

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