Lowenstein client MURAL, the leading digital workspace for visual collaboration in the enterprise, has closed $118 million in Series B funding, led by Insight Partners and joined by 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.
Enterprise teams and consulting leaders use MURAL to generate common understanding and solve problems through visual collaboration. More than an online whiteboard, MURAL enables innovation at scale. 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.
The Series B capital will enable MURAL 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.
MURAL has tripled annual revenue year over year, doubled headcount, and added more than a million monthly active users around the world so far this year. The Lowenstein deal team included Ed Zimmerman, Alex D. Leibowitz, Serena Ward, Brian A. Silikovitz, Darren Goodman, Mark P. Kesslen, and Carly S. Penner.