Total amount raised
$356.2 Millions
Latest funding date
12/1/2020
Location
InVision has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform is renowned for its visual collaboration tools, which are utilized by teams worldwide.
Keep reading to delve into the details of InVision's funding journey and discover the key investors supporting this innovative company.
What Is InVision?
InVision, founded in 2011 by Ben Nadel and Clark Valberg, is a visual collaboration platform headquartered in New York, New York. The company is renowned for its product Freehand, an online digital whiteboard designed for team collaboration.
InVision provides a collaborative workspace that allows teams to ideate, plan, execute, and track projects in a shared online environment. It is used for brainstorming, creating, testing, and developing new ideas, as well as improving workflows and making actionable decisions.
With a workforce of 501-1000 employees, InVision powers the world’s smartest companies, helping them bring their ideas to life through innovative digital tools.
How Much Funding Has InVision Raised?
- Seed Round
- Amount Raised: $1.5M
- Date: February 2012
- Lead Investors: FirstMark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and build the core team.
- Debt Financing
- Amount Raised: $6M
- Date: March 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage operations and product development.
- Debt Financing
- Amount Raised: $1.1M
- Date: May 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and expand the user base.
- Series A
- Amount Raised: $11.6M
- Date: December 2013
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and increase market penetration.
- Series B
- Amount Raised: $21M
- Date: August 2014
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the product suite.
- Series C
- Amount Raised: $45M
- Date: July 2015
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product capabilities and enter new markets.
- Series D
- Amount Raised: $55M
- Date: June 2016
- Lead Investors: ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and product innovation.
- Series E
- Amount Raised: $100M
- Date: November 2017
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance the platform's capabilities.
- Series F
- Amount Raised: $115M
- Date: December 2018
- Lead Investors: Spark Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive product development and expand the customer base.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: $356.2M. Current Valuation: Not publicly disclosed.
Key Investors
- Spark Capital
- Details: Spark Capital is a venture capital firm that invests in startups at various stages. They are known for their hands-on approach and deep industry expertise.
- Investment Focus Areas: Technology, media, consumer products.
- Notable Investments: Twitter, Slack, Oculus.
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm. They invest in companies at all stages, from seed to growth and buyout.
- Investment Focus Areas: Software, industrial technology, consumer technology.
- Notable Investments: Glassdoor, Wayfair, Nutanix.
- ICONIQ Growth
- Details: ICONIQ Growth is a tech-focused investment firm that partners with visionary entrepreneurs. They provide both capital and strategic support.
- Investment Focus Areas: Enterprise software, fintech, consumer internet.
- Notable Investments: Snowflake, Uber, Alibaba.
- Accel
- Details: Accel is a venture capital firm that invests in early and growth-stage technology companies. They have a global presence and a strong track record.
- Investment Focus Areas: Software, internet, mobile.
- Notable Investments: Facebook, Dropbox, Spotify.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global internet, software, consumer, and financial technology industries.
- Investment Focus Areas: Internet, software, consumer, fintech.
- Notable Investments: LinkedIn, Stripe, JD.com.
What's Next for InVision?
InVision stands at the cusp of significant growth opportunities, driven by advancements in AI and digital collaboration tools. The increasing demand for remote work solutions positions InVision to expand its market share and enhance its product offerings. This growth potential could attract further investment, enabling the company to scale operations and innovate continuously.
Future fundraising efforts may be bolstered by the company's strong track record and the burgeoning market for digital collaboration platforms. However, InVision will need to navigate challenges such as rapid technological changes and competitive pressures. Staying ahead in innovation and maintaining a robust user base will be crucial for sustained success.
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