Mural raises $23M Series A after history of capital-efficient growth

Mural raises $23M Series A after history of capital-efficient growth

4 years ago
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https://techcrunch.com/2020/01/27/mural-raises-23m-series-a-after-history-of-capital-efficient-growth/

This morning Mural, a software startup focused on visual collaboration1, 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 ten times its prior total in one round, and why did it pursue so much money in a single shot?

TechCrunch chatted with the company’s CEO Mariano Suarez-Battan and Weston Gaddy, the round’s lead investor hailing from Radian Capital, to better understand the investment. Endeavor Catalyst and Google’s Gradient Ventures also put money into the round.