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Allo Secures $5M In Pre Series A Funding

Dec 09, 2021almost 4 years ago

Amount Raised

$5 Million

Round Type

series a

San Francisco

Description

Collaborative whiteboard software Allo today announces its raise of $5M Pre Series A from investors including Atinum Investment, Partners Investment, Smilegate Investment, Ascendo Ventures and Zoom Video Communications Inc.

Company Information

Company

Allo

Location

San Francisco, California, United States

About

Until this point, the company has been able to grow quickly by leveraging its product-led growth strategy on less than $3.5M in capital raised. In 2020 after completing Alchemist Accelerator's program, the company began focusing on supporting remote and hybrid workers, virtual education practitioners and online meeting facilitators. The Pre Series A 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. Allo was founded in 2014 as a digital whiteboard for people to collaborate in real-time. Today, Allo is used by enterprise customers worldwide to visually collaborate and bring context to online meetings, brainstorming, knowledge sharing, project management, and documentation as if they were working side-by-side in the same space. Allo is a whiteboard-based virtual workspace for team collaboration.