MURAL raises $23 million Series A led by Radian Capital
MURAL, the San Francisco-based digital workspace for visual collaboration, announced on January 27, 2020 that it had raised $23 million in Series A funding led by Radian Capital, with participation from Gradient Ventures, Google's AI-focused venture group, and Endeavor Catalyst. Until then the company had grown on less than $2 million of outside capital and was cash-flow positive for several quarters in 2019.
Founded in 2011 as a digital whiteboard, MURAL shifted in 2014 toward helping enterprises run design thinking and agile practices. At the time of the round it had more than 3,700 customers, including 40 percent of Fortune 100 companies, and it planned to use the funding to grow its go-to-market and product teams. Radian partner and co-founder Weston Gaddy commented on the deal, and Radian lists Mural as a current investment in its design and collaboration theme.