Miro targets $17bn valuation as demand for remote work tools surges

The online collaborative whiteboard app Miro is in talks to raise $ 17 billion worth of funding and is the latest start-up to take advantage of the pandemic demand for software tools to help remote teams collaborate.

People explained the issue that Iconiq Capital, an investment company that manages funds for wealthy entrepreneurs and other investors, is in talks to invest $ 400 million in Miro.

The deal, which is expected to close in the coming weeks, including existing stocks purchased by other investors, could total $ 900 million, one said.

Milo recently received an offer from an investor who is willing to value a $ 20 billion company, the two said they explained the negotiations. Iconiq and Miro declined to comment on the funding.