Mural, a US-based digital collaboration software provider backed by corporate investors Google, Intel and Slack, completed a $50m series C round on Tuesday valuing it at over $2bn.
Growth equity firm Insight Partners co-led the round with hedge fund manager Tiger Global Management, and the company said its overall funding now stands at about $200m.
Founded in 2011, Mural has developed digital workplace software which enables users to visually collaborate through scalable templates and workbooks. The cash will support recruitment and go-to-market activities.
Intel Capital, the corporate venturing capital arm of semiconductor technology producer Intel, joined Alta Ventures, 500 Startups assorted individuals to provide a reported $780,000 in seed funding for the company in 2012.
Mural raised a further $1.35m from Intel Capital, Alta Ventures, NXTP Labs and Collaborative Fund in 2016 before Radian Capital led a $23m series A round in January 2020 that included internet technology provider Google’s Gradient Ventures fund and Endeavor Catalyst.
The company subsequently closed its $118m series B round seven months later. Insight Partners led the round, investing with Slack Fund, a vehicle for messaging platform developer Slack, as well as Gradient Ventures, Tiger Global, World Innovation Lab and various private investors.
