InVision Raises $55M to Help Teams Unlock the Power of Design
Company Will Continue Investing in Industry-Leading Product Design Platform, Now Serving More Than Two Million Registered Users
NEW YORK, June 21, 2016
InVision, the world’s leading product design platform, announced today it has raised $55 million of new funding. ICONIQ Capital led the round, joined by existing investors Accel Partners and FirstMark Capital. This investment brings the company’s total funding to $135 million since it was founded in 2011.
InVision, which has seen revenue more than double in the last year, is revolutionizing the way companies create digital products by enabling teams to manage, prototype, test and iterate on the design of web and mobile experiences collaboratively.
The company now boasts more than two million registered users, with thousands signing up daily. Nearly 70 percent of the Fortune 100 use InVision to build better digital experiences, including Capital One, IBM, Disney, Apple, Verizon, Pinterest, Adobe, and Facebook. The company will use this financing to broaden its product offerings and invest in the InVision platform.
“We’re excited about this next leg of our journey and what it means for the advancement of digital product design as a whole,” said InVision CEO and Co-Founder Clark Valberg. “With so many of the world’s leading brands recognizing that the screen has become the most important place in the world, digital product design has evolved from an individual craft into an organizational discipline reaching far beyond the walls of the design department. This latest funding will support our aggressive product roadmap, addressing the full breadth of challenges and opportunities defining the future of digital product design.”
InVision has made five acquisitions in 2016, welcoming Macaw, Waybury, Easee, Napkin and Silver Flows to the team. The company employs more than 200 team members working in 14 countries around the world, including hubs in New York, San Francisco, London, Austin, Portland, and Boston.
“Design has become integral to the business of technology and will shape the enterprise in the future,” said Matthew Jacobson, General Partner at ICONIQ Capital. “As software plays an increasing role in the world around us, and as customer experience increasingly drives competitive advantage, we are excited about the large and growing opportunity ahead.”
InVision is the world’s leading product design platform, powering the future of digital product design through our deep understanding of the dynamics of collaboration. We provide two million people with the power to prototype, review, refine, manage and user test web and mobile products. InVision drives the product design process at leading Fortune 100 companies, including at Disney, IBM, Walmart, Apple, Verizon and General Motors. Backed by Accel, ICONIQ Capital, FirstMark Capital, Tiger Global and others, InVision is headquartered in New York City with a workforce of over 200 employees worldwide.
About ICONIQ Capital
ICONIQ Capital is a global multi-family office and merchant bank for a group of influential families. Their recent investments include Sprinklr, Datadog, Intercom, Adyen, Coupa, Procore, Fastly, Flipkart, and Uber.