For the rising class of product-driven companies, design has become the new language of business. - Clark Valberg
New York City, New York (PRWEB) July 14, 2015
InVision, the design collaboration platform powering the creative process inside many of the world’s smartest companies, today announces it has raised $45M in Series C funding. Accel led the round, joined by existing investors FirstMark Capital and Tiger Global Management. InVision will use this financing to drive further product development of InVision’s design collaboration platform and to expand the company’s growing enterprise sales efforts.
InVision is also excited to announce that this financing round coincides with the company reaching one million registered users.
Accel partner Vas Natarajan will join the InVision Board.
"Design is becoming a critical function in today's technology organizations,” said Vas Natarajan, partner at Accel. “Having the systems in place to collaborate around creativity will drive great teams in the years to come. InVision is clearly the standard, in this regard."
Over the last few years, practices like prototyping have set a new stage where business problems are expressed, examined, solved collaboratively and socialized far beyond the traditional boundaries of the design department. The financing will bring to market a series of product enhancements the InVision team has been building to support this new stage including:
- new integrations and richer sharing tools to help organizations solicit feedback and socialize their web and mobile product design process
- tools to drive the core design collaboration process inside marketing departments
- features that bridge the gap between design and engineering teams
- higher fidelity web and mobile prototyping features for advanced animations
The funds will also be used to support InVision’s growing enterprise sales efforts. InVision currently has over 500 enterprise customers including teams at Twitter, Uber, Pinterest, Dropbox, Adobe, Hubspot, Salesforce, Razorfish—many of whom have deployed the InVision platform company-wide.
“Design has become widely recognized as a disruptive force in almost every category,” said CEO and Co-Founder of InVision, Clark Valberg. “Design is no longer an ingredient that gets added once everything else has been figured out. For the rising class of product-driven companies, design has become the new language of business."
Prior to today’s announcement, InVision had raised 35.2M to date in two rounds from institutional investors. The company has just passed 1 million registered users, including 50% of the Fortune 500 and 60% of Fortune 100 companies, and has grown its revenue more than 300% year over year since its start in 2011.
InVision is the world’s most powerful design collaboration platform. InVision gives teams the freedom to prototype, review, iterate, manage, and user test web and mobile products—without a single line of code and all in one place. Founded in 2011 and headquartered in New York City, InVision helps over one million designers at companies like Evernote, Adobe, Twitter, Salesforce unlock the power of design-driven product development.
Accel is a leading early and growth-stage venture capital firm, powering a global community of entrepreneurs. Accel backs entrepreneurs who have what it takes to build a world-class, category-defining business. Founded in 1983, Accel brings more than three decades of experience building and supporting hundreds of companies. Accel's vision for entrepreneurship and business enables it to identify and invest in the companies that will be responsible for the growth of next-generation industries. Accel has backed a number of iconic global platforms, which are powering new experiences for mobile consumers and the modern enterprise, including Atlassian, Braintree, Cloudera, Dropbox, Etsy, Facebook, Flipkart, Slack, Spotify, VSCO and others.