Allo, a San Francisco, CA-based collaborative whiteboard software, announced it raised $5 million in pre-Series A from investors including Atinum Investment, Partners Investment, Smilegate Investment, Ascendo Ventures, and Zoom Video Communications Inc.
The funding will enable Allo to expand its collaborative whiteboard solutions around remote and hybrid work needs, virtual education, and online meeting facilitation, and grow the company's go-to-market capabilities and product development teams globally, doubling in size by the end of next year.
Company: BeeCanvas, Inc.
Raised: $5.0M
Round: pre-Series A
Funding Month: December 2021
Lead Investors: Atinum Investment, Partners Investment, Smilegate Investment, Ascendo Ventures, and Zoom Video Communications Inc.
Additional Investors:
Company Website: https://allo.io/
Software Category: Collaborative whiteboard software
About the Company: Founded in 2014 as a digital whiteboard for people to collaborate in real-time, Allo is a whiteboard-based virtual workspace for team collaboration. Our platform enables modern teams to collaborate virtually while working remotely. Allo is funded by Atinum Investment, Partners Investment, Smilegate Investment, Zoom Video Communications, Inc., and several notable angel investors including David Kirk, Former CTO of NVIDIA. Teams benefit from Allo's tools to facilitate more impactful meetings and workshops as well as speed and intuitiveness of use.
Source: https://www.globenewswire.com/news-release/2021/12/09/2349541/0/en/Allo-Secures-5M-in-Pre-Series-A-Funding.html