Miro, a digital whiteboard platform, has raised USD 400 million in a Series C funding round with contributions from ICONIQ Growth, Accel, Atlassian, Dragoneer, GIC, Salesforce Ventures, and TCV, with additional investments from a group of executives from Airtable, Snowflake, and Docusign. The latest funding round values Miro at USD 17.5 billion and brings its total funding to USD 476 million.
The fresh funds will be allocated for product development, expanding its global reach, and potential M&A opportunities.
The large round comes on the back of a 500% increase in its user base to 30 million since its Series B round in April 2020. During the past 12 months, Miro has 1) doubled its headcount to over 1,200, 2) expanded to five new locations across Germany, UK, Australia, and Japan, bringing its global footprint to 11 locations, and 3) introduced deeper integrations with Atlassian, Cisco, Google Workspace, Microsoft Teams, Zoom, and other partners.