LatamList – Mural, a tech startup, raised a $50M Series C funding round co-led by previous investors Insight Partners and Tiger Global. The new funding brings the startup‘s total valuation to more than $2B.
Mural is a digital collaboration software company. The startup’s product focuses around visual collaboration space, similar to a digital whiteboard, that remote workers can access from wherever they are.
During the global pandemic and the shift towards remote working, Mural’s product has seen huge growth. In the past year, the startup tripled its annual recurring revenue (ARR) and increasingly amassed more clients.
Mural previously closed a $118M Series B last August and a $23M Series C at the start of 2020. With the new funding round, both Tiger Global and Insight increased their shares in the company ahead of strong levels of efficiency and rapid expansion as the company has scaled.
Read more on TechCrunch.