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Collaboration in the Modern Workplace

Collaboration in the Modern Workplace
February 18, 2021

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In the post-pandemic modern workplace, collaboration tools are essential for employee productivity, especially for designers who focus on parts of a bigger product when designing products for visual or UI/UX needs and need feedback from multiple stakeholders. As 25-30% of the workforce will shift towards partial remote work, even as offices open up, collaboration tools offered by startups are thriving as demand increases.

  • Figma, the direct competitor to Adobe, was labeled in Okta’s annual survey as one of the fastest-growing apps of 2020 and its success is a result of not just the pandemic but the fact that Figma's tool has won the hearts of designers. The startup has already closed 5 rounds of funding, at a recent extremely high valuation, and is one of the hottest tech startups all around.
  • Mural offers a digital drawing board workspace for collaboration into which you can drag-and-drop rich media files, links, and documents. It is also a tool designers can use to brainstorm ideas remotely. The company’s Round B funding in August was a whopping $118 MM, driving its valuation up almost 7 times since the beginning of 2020. 
  • InvisionApp offers a web-based tool and mobile app that turns designs into fully active prototypes as well as allows clients to provide feedback in the form of comments on created designs. Already a unicorn in 2017, the New York-based company’s last two rounds of funding were $100MM or more. It prides itself on being remote-first from day one of its founding.
  • Visme offers a cloud-based collaboration tool to create visual presentations and infographics as well as monitor progress and workload. 
  • Basecamp is considered the father of project management founded long before task management platforms like Asana and Trello in 1999. With collaboration capabilities and status trackers, designers and other project managers can see a streamlined view of tasks all in one with Basecamp, including email threads and real-time chatting features. The fully remote company is funded by Jeff Bezo’s personal VC.

Top companies in enterprise software
Besides Figma, we put together a list of top private companies to watch based on their funding in 2020. Take a sneak peek at the list.

Goldman Sachs takes on Robinhood
The prestigious investment bank has launched a new robo-adviser called Marcus Invest and will allow ETF investing with as little as $1,000.
[CNN]
Rihanna’s brand reaches a $1BN valuation
While her Savage x Fenty lingerie brand (and cosmetics brand) is booming, Rihanna’s high-end fashion brand has been put on hold.
[Forbes]
Since last week, PrivCo has added:
204,553 Companies |  181 Funding Activities |  169 M&A Deals

Funding & Deal Highlights:

Savage X Fenty raises $115MM led by L Catterton
Apparel, Footwear & Accessories • Round B • El Segundo, CA

Mighty Building raises $40MM co-led by Zeno Ventures and Khosla Ventures
3D Printing Software & Internet Services • Round B • Oakland, CA

Vivun raises $35MM led by Menlo Ventures
AI Software & Internet Services • Round B • Oakland, CA

Mesh Payments raises $13MM led by TL Ventures
Fintech Software & Internet Services • Round C • New York, NY

SoLo Funds raises $10MM led by Acme Capital Corporation
Fintech Software & Internet Services • Round A • Los Angeles, CA

Audience Town raises $2.1MM led by Wasatch Ventures
Real Estate Software & Internet Services • Seed • Newark, NJ

Stir Money raises undisclosed funds led by Andreessen Horowitz
Analytics Software & Internet Services • Round A • Los Angeles, CA

Rhino HealthTech raises $5MM
Health Care Software & Internet Services • Seed • Cambridge, MA

Cyesec raises $100MM
Cyber Security Software & Internet Services • Equity • Herzliya, Israel

Instabox raises $90MM led by EQT Ventures
Logistics Software & Internet Services • Round B • Bromma, Sweden

Moneylion merges with Fusion Acquisition for $526MM
Consumer Finance • SPAC • New York, NY 

CoStar Group aims to acquire CoreLogic for $6.9BN
Real Estate • Acquisition • Irvine, CA

Palo Alto Networks acquires Bridgecrew Technologies for $156MM
Cloud Software & Internet Services • Acquisition • San Francisco, CA

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