This Miro company profile covers the company's valuation, revenue, funding rounds, investors and history. Miro works in enterprise software, with a focus on visual collaboration and AI workspace. It was founded in 2011 and is headquartered in San Francisco, California, United States. Its latest valuation on record is US$1.355 billion enterprise value (agreed sale price; about US$1.79 billion equity value) (September 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
About US$600 million — Annual recurring revenue (stated in the acquisition announcement), as of September 2026. Source: Bending Spoons (SEC Form 6-K).
| Metric | Value | As of | Source |
|---|---|---|---|
| Peak private valuation | US$17.5 billion | January 2022 | The Next Web |
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Sep 2026 | Acquisition agreement | US$1.355B enterprise value, all cash | About US$1.79B equity value | Bending Spoons (acquirer); US$295M reinvested by certain Miro shareholders | Bending Spoons (SEC Form 6-K) |
| Jan 2022 | Series C | US$400M | US$17.5B | ICONIQ Growth (lead) | The Next Web |
Miro timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2011 — Miro is founded in San Francisco by Andrey Khusid (CEO) and Oleg Shardin.
- Jan 2022 — Series C: US$400M, valuing the company at US$17.5B. Investors: ICONIQ Growth (lead).
- Sep 2026 — Acquisition agreement: US$1.355B enterprise value, all cash, valuing the company at About US$1.79B equity value. Investors: Bending Spoons (acquirer); US$295M reinvested by certain Miro shareholders.
- January 2022 — Peak private valuation: US$17.5 billion.
Investors
Overview
Miro is an online whiteboard and visual collaboration platform. Teams use its infinite canvas to brainstorm with sticky notes, map processes, plan product roadmaps, run workshops and retrospectives, sketch user journeys, draw diagrams and, increasingly, work with AI that can turn rough ideas into structured plans, documents and prototypes. Miro became one of the defining tools of remote and hybrid work, with tens of millions of users, and reached a US$17.5 billion private valuation in 2022. In September 2026, Bending Spoons agreed to acquire it for an enterprise value of US$1.355 billion, a striking illustration of how far some 2021-era software valuations have fallen.
Andrey Khusid, the CEO, and Oleg Shardin founded the company in 2011 in Perm, Russia, as RealtimeBoard, initially as a side project of a design agency. It renamed itself Miro in 2019, by which time it had moved its headquarters to San Francisco with a major European hub in Amsterdam. After Russia's invasion of Ukraine in 2022, Miro closed its operations in Russia and relocated staff.
Products
- Visual canvas: an infinite whiteboard with sticky notes, shapes, diagrams, templates and real-time collaboration.
- Diagramming and planning: flowcharts, mind maps, org charts, kanban boards and roadmaps.
- Workshops and meetings: timers, voting, facilitation tools and video integration.
- Miro AI: AI features that summarise boards, cluster ideas, generate diagrams and draft documents and prototypes from canvas content.
- Integrations: connections to Jira, Confluence, Asana, Slack, Microsoft Teams, Zoom, Figma and many other tools.
Business model and revenue
Miro uses a freemium model: individuals and small teams can use it free with limits, and paid plans add unlimited boards, advanced features, security and administration. Large enterprises sign company-wide contracts. According to Bending Spoons' announcement, Miro had about US$600 million in annual recurring revenue, with nearly 90% from business and enterprise customers, nearly 4 million paying users and more than 750 customers each paying over US$100,000 a year.
Funding and the 2022 peak
Miro raised from investors including Accel, ICONIQ Growth, Dragoneer, Atlassian Ventures, Salesforce Ventures, GIC, TCV and Wellington Management. In January 2022 it raised a US$400 million Series C led by ICONIQ Growth at a US$17.5 billion post-money valuation, among the highest for any collaboration software company. As remote work's boom faded and software valuations fell, Miro's growth slowed and it cut staff. Secondary market estimates in 2026 put its value far below the 2022 mark.
The Bending Spoons deal
On 10 September 2026, Bending Spoons agreed to acquire Miro in an all-cash deal at an enterprise value of US$1.355 billion. Including Miro's net cash, the deal implies an equity value of about US$1.79 billion. Certain Miro shareholders agreed to reinvest US$295 million of their proceeds into newly issued Bending Spoons shares. The deal was expected to close in the fourth quarter of 2026, subject to regulatory approvals, and came a week after Bending Spoons completed its acquisition of Airtable. Until closing, we list Miro as a private company with the agreed price as its latest valuation.
Competition
Miro competes with Mural, Lucid (Lucidchart and Lucidspark), FigJam from Figma, Microsoft Whiteboard and Loop, Google's tools, Canva's whiteboards and all-in-one workspaces such as Notion. Bundling by Microsoft and others puts pressure on standalone tools. Miro's advantages are its large user base, enterprise adoption and rich template ecosystem.
Miro at a glance
Miro is a visual collaboration company founded in 2011 by Andrey Khusid and Oleg Shardin, headquartered in San Francisco and Amsterdam. It had about US$600 million in ARR and nearly 4 million paying users in 2026. It was valued at US$17.5 billion in January 2022 and agreed in September 2026 to be acquired by Bending Spoons at an enterprise value of US$1.355 billion.
Timeline
- 2011: launched as RealtimeBoard in Perm, Russia.
- 2018–2020: raises funding from Accel and ICONIQ Growth and renames itself Miro in 2019.
- 2020–2021: usage surges during the shift to remote work.
- January 2022: raises a US$400 million Series C at US$17.5 billion, led by ICONIQ Growth.
- 2022: closes operations in Russia; later cuts staff as growth slows.
- September 2026: agrees to be acquired by Bending Spoons at a US$1.355 billion enterprise value.
What Miro's story says about valuations
A fall from US$17.5 billion to about US$1.8 billion in equity value shows how valuations set in 2021 and early 2022 reflected a combination of exceptional pandemic-era growth and very high market multiples for software. When growth normalised and public software multiples fell, companies with large private valuations found it hard to raise again or go public at similar prices. Preferred shares and liquidation preferences mean late investors may still recover much of their money in a sale, while common shareholders and employees bear more of the loss. Our guide to startup dilution explains how these structures work.
What changes under Bending Spoons
Bending Spoons typically rebuilds acquired products on its own technology, sharply reduces headcount and changes pricing. Miro customers may see changes to plans and prices, and employees face uncertainty. Bending Spoons argues that its ownership makes products more efficient and sustainable over the long term. Enterprise customers should review contract terms and data export options.
Questions for Miro customers
- How long are your current prices and terms guaranteed under your contract?
- How easily can you export boards and data if needed?
- Which integrations and features are critical to your workflows?
Latest developments (October 2026)
Miro agreed to be acquired by Bending Spoons, which is now listed on Nasdaq. Bending Spoons announced on 10 September 2026 a definitive agreement to buy Miro at an enterprise value of US$1.355 billion, implying an equity value of about US$1.79 billion including Miro's cash, with some Miro shareholders reinvesting US$295 million in Bending Spoons shares, according to its SEC filing. The deal was expected to close in the fourth quarter of 2026, subject to approvals. The price is far below Miro's 2022 valuation of US$17.5 billion.
What to watch
Watch for completion of the acquisition, changes to Miro's product and pricing, staff changes and how competitors respond.
Takeaways
Teams using Miro should prepare for changes under new ownership. Founders can see how quickly peak valuations can unwind. Investors should note how deal structures shape who recovers value in a sale below the last round.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does Miro do?
Miro is a enterprise software / visual collaboration and ai workspace company headquartered in San Francisco, California, United States. It was founded in 2011.
What is Miro's valuation?
Miro was valued at US$1.355 billion enterprise value (agreed sale price; about US$1.79 billion equity value) as of September 2026, according to Bending Spoons (SEC Form 6-K). Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does Miro make?
Miro reported About US$600 million (annual recurring revenue (stated in the acquisition announcement)) as of September 2026, according to Bending Spoons (SEC Form 6-K).
What was Miro's latest funding round?
The most recent financing we have verified is a acquisition agreement in Sep 2026: US$1.355B enterprise value, all cash, at a valuation of About US$1.79B equity value. Source: Bending Spoons (SEC Form 6-K).
Who are Miro's investors?
Investors named in public announcements include ICONIQ Growth, Accel, Dragoneer, Atlassian Ventures, Salesforce Ventures, GIC, TCV and Wellington Management.
Who founded Miro?
Miro was founded in 2011 by Andrey Khusid (CEO) and Oleg Shardin.
Is Miro a public company?
No. Miro is a private company (private; agreed to be acquired by bending spoons (expected to close q4 2026)), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is Miro headquartered?
Miro is headquartered in San Francisco, California, United States.