-43%

est. 2Y upside i

ProductivitySeries C

Mural is a virtual tool that enables innovative teams to collaborate visually and brainstorm solutions to their problems or challenges. Being able to create simple but comprehensive diagrams and throw ideas down in a virtual, collaborative space are some of the top reasons innovative teams cite loving this tool.

Rank

#3161

Sector

Collaboration Software

Est. Liquidity

~3Y

Data Quality

Data: Low

The expected equity upside is -42.5%, driven by a stale high valuation and competitive pressures.

Last updated: July 21, 2026

Bull (10%)-3%

Multiple holds at 10x on AI-driven product differentiation and enterprise adoption; exit value $2320M, after dilution -3.3%.

Base (45%)-32%

Multiple settles at 7x (mid comp range) as growth matures; exit value $1624M, after dilution -32.3%.

Bear (45%)-61%

Multiple compresses to 4x (below comp range) due to competitive pressure and slowing growth; exit value $928M, after dilution -61.3%.

Est. time to liquidity~3.0 years

Preference Stack Risk

moderate

Funding Intensity

105%

Total preferred funding $199M against $2B valuation, representing ~10% overhang.

Dilution Risk

moderate

With $199M total funding and ARR $189M, the company may need to raise capital, potentially diluting common holders by 20%.

Secondary Liquidity

none

No secondary market activity reported.

Engineering — 12 roles

Revenue — 8 roles

Marketing — 2 roles

View all 28 open roles at Mural →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Mural's data — designed to show you've done your homework.

  • 1

    “How does Mural's facilitation superpowers create a moat against Miro and Figma?”

  • 2

    “What are the unit economics (CAC, LTV) and how are they trending?”

  • 3

    “What is the expected timeline to liquidity and are there any secondary market opportunities?”

Community

Valuation Sentiment

Our model estimates -43% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.