INSUBCONTINENT EXCLUSIVE:
This morning Mural, a software startup focused on visual collaboration,1 announced that it closed a $23 million Series A round of capital
The funds come after Mural, formerly Mural.ly, had raised just a few million dollars previously
That fact made its round interesting: How did the company raise 10 times its prior total in one round, and why did it pursue so much money
hailing from Radian Capital, to better understand the investment
own hubris, the venture market changed
In a flash, growth lost its shine, and efficient growth became the new hot thing
Mural got there a little earlier than its market, which appears to have put it in a strong position today.Asked why the company had put
together a $23 million round when it did, Suarez-Battan told A Technology News Room that after growing the company on the back of customer
new capital come in? According to Suarez-Battan, in 2019, the company started to notice that customers wanted to buy more from it
Investors love product-market fit.The marketMural is a tool that can be seen as a remote-work-friendly service
growing, albeit more slowly than its acolytes might have you think, while workplace collaboration tooling has seen tremendous venture
certainly now richer than it ever has been
teams? Digital whiteboards gone mad! You get the idea.
