About Whimsical
Whimsical is a company based in Denver (United States) founded in 2017 by Steve Schoeffel.. Whimsical has raised $30 million across 1 funding round from investors including Accel and Basis Set Ventures. Whimsical offers products and services including Boards, Docs, Projects, Posts, and Whimsical AI. Whimsical operates in a competitive market with competitors including Figma, Miro, Lucid, Lucidchart and Mural, among others.
- Headquarter Denver, United States
- Founders Steve Schoeffel
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Whimsical, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30 M (USD)
in 1 rounds
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Latest Funding Round
$30 M (USD), Series A
Nov 01, 2021
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Investors
Accel
& 1 more
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Employee Count
Employee Count
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Products & Services of Whimsical
Whimsical offers a comprehensive portfolio of products and services, including Boards, Docs, Projects, Posts, and Whimsical AI. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Infinite canvas for diagrams, wireframes, and brainstorming sessions.
Clutter-free platform for creating and sharing team documents.
Integrated space for tasks, docs, and team communication tools.
Mindful platform for updates and feedback without noise.
AI features to enhance productivity in workflows.
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Funding Insights of Whimsical
Whimsical has successfully raised a total of $30M through 1 strategic funding round. The most recent funding activity was a Series A round of $30 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $30.0M
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First Round
First Round
(01 Nov 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series A - Whimsical | Valuation | Accel |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Whimsical
Whimsical has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Accel and Basis Set Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage technology investments are managed by Basis Set Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Whimsical
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Whimsical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Whimsical Comparisons
Competitors of Whimsical
Whimsical operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Figma, Miro, Lucid, Lucidchart and Mural, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Collaborative platform for design prototyping and feedback is provided.
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| domain | founded_year | HQ Location |
Collaborative prototypes for applications are developed and managed via whiteboarding.
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| domain | founded_year | HQ Location |
Solutions for business visualization, planning, and building are offered.
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| domain | founded_year | HQ Location |
Collaborative web-based diagramming and flowcharting tools are offered.
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| domain | founded_year | HQ Location |
Cloud-based whiteboarding platform is offered for collaborative idea sharing.
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| domain | founded_year | HQ Location |
Cloud-based platform for organizational collaboration and training is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Whimsical
When was Whimsical founded?
Whimsical was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Whimsical located?
Whimsical is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Is Whimsical a funded company?
Whimsical is a funded company, having raised a total of $30M across 1 funding round to date. The company's 1st funding round was a Series A of $30M, raised on Nov 01, 2021.
What does Whimsical do?
Whimsical was founded in 2017 and is headquartered in Denver, United States. Cloud-based tools for collaborative design are offered, focusing on real-time editing, customization options, and visual elements such as mind maps, flowcharts, and architecture diagrams. Keyboard shortcuts and form designs are supported within interactive workspaces. Clients including Deliveroo, Webflow, and Wistia utilize these services for operational needs.
Who are the top competitors of Whimsical?
What products or services does Whimsical offer?
Whimsical offers Boards, Docs, Projects, Posts, and Whimsical AI.
Who are Whimsical's investors?
Whimsical has 2 investors. Key investors include Accel, and Basis Set Ventures.
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