Uizard

Uizard — Funding & Company Data

Financial overview and investor data for Uizard.

High confidence data Last verified 3 months ago

Founded

2017

Stage

Acquired

Total Raised

$18.6M

HQ

Copenhagen, Denmark

Team

51-200

Model

freemium

Acquired

Uizard was acquired by Miro on June 12, 2024 .

Analyst Take

Uizard's funding trajectory demonstrates a classic venture-backed path, starting with a modest pre-seed and seed round to validate their core AI technology that turns sketches into code. The significant $15 million Series A round in 2021, led by the reputable firm Insight Partners, signaled strong market validation and provided the capital to scale their team and platform globally.

The quality of their investors, including Insight Partners, byFounders, and LDV Capital, indicates confidence in Uizard's mission to democratize design for non-designers. This financial backing allowed them to compete in a crowded market by focusing on a user-friendly, AI-first approach. The funding provided a substantial runway to develop their product and attract a large user base before the strategic acquisition by Miro.

The acquisition by Miro in June 2024 is a logical exit for Uizard, integrating their AI-powered design capabilities into a much larger collaborative platform. This provides Uizard's technology with a massive distribution channel and aligns with the industry trend of consolidating specialized tools into comprehensive workflow platforms. For users, this acquisition signals long-term stability and deeper integration with a widely-used collaboration suite.

Stability

Uizard's acquisition by Miro, a well-established and heavily funded company, provides a high degree of stability. The tool is now part of a larger ecosystem, ensuring its continued development and support for the foreseeable future.

Growth

Prior to its acquisition, Uizard was on a strong growth trajectory, evidenced by its successful Series A funding and adoption by major companies. As part of Miro, its growth is now tied to Miro's broader strategy, which is focused on expanding its platform's capabilities, suggesting continued investment in Uizard's features.

For Buyers

For a potential user, committing to Uizard is a low-risk proposition. The acquisition by Miro ensures the tool's longevity and integration into a popular collaborative suite, reducing the risk of the service being discontinued.

Funding Timeline

Series A $15M August 2021

Investors: Insight Partners, byFounders, LDV Capital, av8 Ventures, Mariano Suarez-Battan

Seed $2.8M September 2019

Investors: byFounders, AV8 Ventures, LDV Capital, New York Venture Partners

Pre-Seed $800K May 2018

Investors: LDV Capital, byFounders, 7percent Ventures

Notable Investors

Insight Partners byFounders LDV Capital AV8 Ventures

Sources

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