IPO Watch
IPO Watch
Miro
$17.5B Late 2027 Exploring Enterprise SaaS
The virtual whiteboard powering global distributed teams.
Overview

Founded in 2011 as RealtimeBoard by Andrey Khusid and Oleg Shardin, the company rebranded to Miro in 2019 and became the central visual canvas for modern hybrid teams.

With a peak private valuation of $17.5 billion following its $400 million Series C round, Miro built deep enterprise penetration—boasting adoption across 99% of the Fortune 100. The platform expanded from simple diagrams into interactive product mapping, sprint planning, and AI-assisted canvas tools.

While SaaS multiples compressed following post-pandemic highs, Miro utilized its large cash reserves to build sustainable operating margins. As enterprise software IPO windows re-open, Miro represents one of the largest independent collaboration platforms positioning for a public listing.

Catalysts
Deep Fortune 100 enterprise penetration. Miro AI integration driving visual workflow automation. High net retention rate among large corporate accounts.
Risks
Intense competition from FigJam (Figma), Canva, and Microsoft Whiteboard. Broader enterprise IT spend consolidation.
FreeMalta Verdict
Top-tier enterprise SaaS play. Target IPO window set for late 2027.
Frequently Asked Questions
What is Miro's valuation?
Miro was valued at $17.5 billion during its Series C funding round.
Who founded Miro?
Miro was founded in 2011 by Andrey Khusid and Oleg Shardin, originally named RealtimeBoard.
When will Miro IPO?
Miro is exploring public market options, with an anticipated listing window around late 2027.
Full Company Profile
View Miro in The Garage
Disclaimer: This page is editorial analysis, not financial advice. Valuations are from private market transactions, secondary sales, and media reports — not public market pricing. IPO timelines are speculative. FreeMalta is an OpenAI Select Partner but has no financial relationship with any company listed on this page. Do your own research before making any investment decision.