Virtual whiteboard tool RealtimeBoard raised $25 million in Series A last week. The round represents a big step for the company and a twentyfold increase from its $1.3 million seed round back in January 2017.
RealtimeBoard is a visual collaboration platform for cross-functional teams, with tools geared towards decentralized workforces in particular. Their gamble: As remote work continues to grow in popularity (and by most reports, it will) so will demand for creative tools like RealtimeBoard — and it all comes down to getting there first.
With over 1.7 million worldwide users, including IKEA, UpWork, SAP, Netflix, Airbnb and Cisco, RealtimeBoard appears to be at the front of the pack. This new round of funding will help the company cement that position.
According to a statement from founder and CEO Andrey Khusid, the company plans to build out its 150-person team and expand its sales and marketing teams to bolster acquisition efforts.
Khusid told TechCrunch that he set out to build a product that could be “the visual hub for teams to huddle around and use throughout the product development process, design, sprint, or project lifecycle.”
“RealtimeBoard creates transparency and continuity through all stages of the product development process from ideation to development to launch,” he told the publication.
Users can log in to RealtimeBoard’s virtual workspace to trade sketches, notes, charts and even freehand drawings with members of their team. The product integrates with other popular workplace platforms including Slack, Jira and Dropbox, making it an easy addition to a company’s existing toolbox.
That’s a big part of why the product is attracting scrappy young startups and enterprise organizations alike. Big or small, old or new — the future is coming. Get sketching.