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- InVision
InVision Revenue, Valuation, Funding & Investors
InVision is valued at $1.9B as of December 2018, a 19.0x multiple on its last reported $100M revenue.
Last InVision valuation
$1.9B
Series F · Dec 2018
Last InVision funding round
$115M
Series F · Dec 2018
InVision revenue
$100M
Series F · Dec 2018
Key investors in InVision
FirstMark
Tiger Global
Accel
ICONIQ Capital
Battery Ventures
Spark Capital
About InVision
InVision is a collaboration platform featuring Freehand, an online digital whiteboard for brainstorming, ideation, testing, and workflow optimization. The New York-headquartered company serves every Fortune 100 firm and counts American Express, Adidas, Boeing, Ford Motor, Netflix, HBO, Ikea, Slack, and Virgin Atlantic among its clients. InVision enables cross-functional teams to unify efforts, maintain a single source of truth, and accelerate decision-making through stakeholder visibility at every stage.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$100M (Dec 2018)
Valuation
$1.9B (Dec 2018)
InVision Valuation
InVision is currently valued at $1.9B, based on its Series F in December 2018.
The $115M round was led by Spark Capital, with participation from ICONIQ Capital, FirstMark, Battery Ventures, Geodesic Capital, Goldman Sachs and 2 other investors.
InVision's valuation has grown 1.9x from $1B at its Series E in November 2017 to $1.9B in December 2018, across 2 priced rounds.
InVision valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2018 | Series F | $1.9B | 19.0x |
| Nov 2017 | Series E | $1B | - |
InVision Revenue
InVision's latest recorded revenue is $100M, as of its Series F in December 2018. At a $1.9B valuation, that implies a 19.0x revenue multiple.
InVision revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2018 | $100M | $1.9B | 19.0x | Series F |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
InVision Funding History
InVision has raised a total of $348M across 6 funding rounds.
InVision's first fundraising round was a $12M Series A in December 2013. The most recent completed round was a $115M Series F in December 2018.
InVision funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2018 | Series F | Spark Capital (lead); ICONIQ Capital; FirstMark; Battery Ventures; Geodesic Capital; Goldman Sachs; Atlassian; Tiger Global | $115M | $1.9B | InVision is a digital product design and collaboration platform founded in 2011 that enables designers and product teams to create, prototype, and gather feedback on visual assets without requiring engineering involvement. The platform serves 5 million users across enterprises and has built customer relationships with 97 of the Fortune 100, including companies like Netflix, Uber, Airbnb, Amazon, IBM, and Lyft. The core InVision Cloud product allows teams to share visual assets, leave comments and feedback, and collaborate through integrated tools including sketching capabilities and a design system management service. The company claims its tools enable enterprise customers to ship digital products approximately 6.5 weeks faster than they could otherwise. In December 2018, InVision closed a Series F funding round of $115 million at a $1.9 billion post-money valuation, nearly doubling its previous valuation from mid-2017. Spark Capital led the round with participation from Goldman Sachs, Battery Ventures, ICONIQ Capital, Tiger Global Management, FirstMark, Geodesic Capital, and Atlassian. As part of the deal, Atlassian integrated its Jira, Confluence, and Trello collaboration tools with InVision products. Spark Capital's Megan Quinn joined InVision's board alongside existing members including Lee Fixel and Neeraj Agrawal. At the time of the Series F close, InVision announced it would cross $100 million in annual recurring revenue in 2018, representing significant scale as a SaaS platform. The company raised a combined total of $350 million across its funding history. InVision planned to deploy capital toward accelerating product development, particularly the recently released InVision Studio design tool, building an educational design community, and expanding enterprise adoption and global operations. |
| Nov 2017 | Series E | Battery Ventures (lead); ICONIQ Capital; FirstMark; Spark Capital; Geodesic Capital; Tiger Global; Accel | $100M | $1B | InVision is a New York-based digital product design platform that enables teams to prototype, review, refine, manage, and user test web and mobile products, simplifying the design workflow and fostering collaboration across design, development, project management, and marketing. Launched in 2011, it serves over 3 million users, including 80% of the Fortune 100 companies such as Disney, IBM, Walmart, Apple, Verizon, Airbnb, Nike, and others. The platform has evolved from a prototyping tool to a comprehensive operating system for product design, recently launching InVision Studio to compete with Photoshop and Sketch, and acquiring Brand.ai for cloud-based asset management. On November 1-2, 2017, InVision closed a $100 million Series E funding round led by Battery Ventures, with participation from existing investors Accel, Tiger Global Management, FirstMark, and ICONIQ Capital, plus new investors Spark Capital and Geodesic Capital. This brought the company's total funding to $235 million at the time. The proceeds were earmarked to evolve InVision's technology, hire across all teams, and expand design education initiatives including content, workshops, and best practices to help companies leverage design for business objectives. The company had made seven acquisitions in 2016-2017, such as Macaw, Waybury, Easee, Napkin, Silver Flows, TrackDuck, and Brand.ai, and grown its employee base from over 50 in 2015 to nearly 450 by late 2017. Battery Ventures' Neeraj Agrawal highlighted InVision's role in defining the product design category through technology and thought leadership, positioning it as essential for organizations competing via digital experiences. |
| Jun 2016 | Series D | ICONIQ Capital (lead); FirstMark; Accel | $55M | - | InVision is a collaborative prototyping and design tool used by design teams and adopted across organizations for feedback on product flows. In June 2016, it raised $55 million in a Series D round led by ICONIQ Growth, with participation from existing investors Accel and FirstMark Capital. This followed a $45 million Series C less than a year prior, driven by inbound interest amid excitement for collaboration tools. At the time, InVision had over two million registered users and was used by 70 percent of the Fortune 100, including Facebook, Apple, and Disney. The tool starts with design teams but spreads to other departments, such as CFOs reviewing payment flows previously handled only by developers. The funding aimed to accelerate goals of becoming the go-to platform for product-based communication, akin to Slack for corporate chat or Atlassian/GitHub for engineering. InVision continued raising capital, including a $100 million Series E in 2017 and $115 million Series F in 2018 at a $1.9 billion valuation, before winding down operations by 2024. Total funding reached approximately $350 million across multiple rounds. |
| Jul 2015 | Series C | Accel (lead); FirstMark; Tiger Global; Oxygen Capital Partners, LLC | $45M | - | InVision, a design collaboration and prototyping platform launched in 2011, raised $45 million in its Series C funding round on July 14, 2015, led by Accel with participation from existing investors FirstMark Capital and Tiger Global Management. This brought the company's total funding to $80.2 million. The platform enables designers to upload work, add animations, and share interactive prototypes with teams and beta users, serving clients like Uber, Twitter, and Airbnb. The financing aimed to enhance social and collaboration tools, expand beyond basic prototyping to support organization-wide use cases such as logo sharing or marketing photo markups, and build a larger sales team while balancing viral growth and inside sales. InVision offered a free tier, a $25/month premium for regular users, and monthly per-seat enterprise pricing. The round coincided with reaching one million registered users. Investors included Accel partner Vas Natarajan joining the board, highlighting design's growing role in tech organizations. Prior rounds included Series A ($11.6M, Dec 2013, led by Tiger Global) and Series B ($21M, Aug 2014, led by Tiger Global). Funds supported product development and enterprise sales expansion. |
| Aug 2014 | Series B | Tiger Global (lead); FirstMark | $21M | - | InVision is a design-focused prototyping tool that enables designers to create interactive prototypes for apps and websites, gather real-time feedback, and integrate with agile development processes, serving both startups and enterprise clients like Google, eBay, Zappos, and Whole Foods. The company closed a $21 million Series B funding round on August 6, 2014, led by Tiger Global Management with participation from existing investor FirstMark Capital, bringing total funding to $34.1 million at that point. This followed prior rounds including a Series A of $11.6 million in December 2013 also led by Tiger Global. The funding was intended to build out a sales team, expand the enterprise side of the business, and increase headcount by 30-40% across sales and engineering, with the team at 38 people prior to the round. InVision positioned itself as a disruptive force in design processes, allowing faster iteration on designs to reduce engineering rework and emphasizing best practices for product design before full code development. The platform had already gained traction among top startups and Fortune 500 brands within months of launch. |
| Dec 2013 | Series A | Tiger Global (lead); FirstMark; Oxygen Capital Partners, LLC | $12M | - | - |
Who has invested in InVision?
10 investors have backed InVision across its funding rounds, including FirstMark, Tiger Global, Accel, ICONIQ Capital, Battery Ventures and Spark Capital.
Lead investors include Spark Capital, Battery Ventures, ICONIQ Capital, Accel and Tiger Global.
InVision Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Participant | Dec 2013 | ||
| 5 | Lead | Dec 2013 | ||
| 3 | Lead | Jun 2016 | ||
| 3 | Lead | Jul 2015 | ||
| 2 | Lead | Nov 2017 | ||
| 2 | Lead | Nov 2017 | ||
| 2 | Participant | Nov 2017 | ||
| 2 | Participant | Dec 2013 | ||
This data is available for Pro users. Sign up to see all 10 InVision investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by InVision
InVision has acquired 9 companies to date.
Last acquisition by InVision was on February 12th 2019. InVision acquired Trunk for undisclosed valuation.
Latest Acquisitions by InVision
| Description | Trunk is a design collaboration tool providing version control for Figma and Sketch files, enabling real-time edits and branching for design teams. Multiple designers work simultaneously on components like UI kits and prototypes, with change histories and merge conflict resolution. | Wake is a design collaboration app enabling teams to share, review, and discuss work in private spaces. Available on iOS via the App Store, it supports version control, annotations, and feedback tools for creative professionals in agencies and studios worldwide. | Dossier Labs is a San Francisco-based developer of collaborative document tools mimicking team communication channels. The platform organizes content into threaded channels, notifies users of real-time edits with change highlights, and integrates with Slack, Google Workspace, and Jira. Dossier surfaces updates to prevent information silos, supporting remote teams in tech and marketing. Launched in 2022, it processes millions of document interactions monthly for enterprises seeking streamlined knowledge sharing. | TrackDuck is a Vilnius-headquartered visual feedback tool designed for web development agencies and freelancers. Clients capture screenshots, annotate issues, and record videos directly on live websites via a browser extension. The platform auto-generates bug reports with device specs, browser data, and metadata, integrating seamlessly with Jira, Trello, Slack, and GitHub. TrackDuck supports collaborative workflows across teams, enabling rapid iteration on digital projects. Founded in 2012, the company serves global users in website prototyping and quality assurance. | |
| HQ Country | |||||
| HQ City | Sydney | San Francisco, CA | New York City, NY | Vilnius | |
| Deal Date | 12 Feb 2019 | 3 Apr 2018 | 8 Sep 2017 | 2 May 2017 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all InVision acquisitions and their M&A valuation multiples. Start Free Trial | |||||
InVision Competitors
InVision competitors include listed companies like Weaver Network, Asana and Monday.com, and private ones like Gamma, Lucid Software and Aircall.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $2.1B | 21.0x | ||
| Publicly listed | $341M | $43M | $1.6B | 4.2x | ||
| Publicly listed | $791M | ($175M) | $2.3B | 2.7x | ||
| Private | $200M | - | $3B | 15.0x | ||
| Private | $175M | - | $1B | 5.7x | ||
| Publicly listed | $1.2B | $8M | $3.8B | 2.1x |
InVision Public Comps
InVision is still privately-owned, but its public comps include Planisware, Shanghai Suochen, PDF Solutions, Weaver Network, Opera, Bandwidth, Calix, Ireader, Asana and Wondershare.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $228M | $78M | 7.3x | 6.7x | 21.5x | 18.4x | |||
| $69M | $12M | 24.6x | 20.9x | 142.5x | - | |||
| $219M | $10M | 8.2x | 7.2x | 181.2x | - | |||
| $341M | $43M | 4.4x | 4.2x | 34.6x | 28.3x | |||
| $615M | $141M | 2.4x | 2.1x | 10.5x | 9.2x | |||
| $754M | $39M | 2.7x | 2.3x | 51.2x | 17.3x | |||
| $1B | $38M | 2.0x | 1.8x | 52.9x | 13.6x | |||
| $484M | ($16M) | 2.7x | 3.5x | (81.1x) | - | |||
This data is available for Pro users. Sign up to see all InVision competitors and their valuation data. Start Free Trial | ||||||||
Common questions about InVision
| When was InVision founded? | InVision was founded in 2011. |
| Where is InVision headquartered? | InVision is headquartered in New York City, NY, United States. |
| Is InVision publicly listed? | No, InVision is a private, VC-backed company. |
| What is InVision's valuation? | InVision was last valued at $1.9B in its Series F in December 2018. |
| How much funding has InVision raised? | InVision has raised $348M across 6 funding rounds. |
| What was InVision's last funding round? | InVision's last funding round was a $115M Series F in December 2018, led by Spark Capital. |
| Who are InVision's investors? | InVision's investors include FirstMark, Tiger Global, ICONIQ Capital, Accel, Spark Capital, Battery Ventures, Geodesic Capital, Oxygen Capital Partners, LLC, Goldman Sachs and Atlassian. |
| What is InVision's revenue? | InVision's latest recorded revenue is $100M (December 2018). |
| What is InVision's revenue multiple? | InVision's latest valuation implies a 19.0x revenue multiple ($1.9B valuation on $100M of revenue). |
| Which companies are comparable to InVision? | Companies comparable to InVision include Gamma, Weaver Network, Asana, Lucid Software, Aircall and Monday.com. |
| How many companies has InVision acquired? | InVision has acquired 9 companies, including Trunk, Wake, Dossier Labs, TrackDuck and Muzli. |
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