What is Around?
Around was a technology company focused on revolutionizing video communication for hybrid and remote teams. Its platform was designed to foster collaboration, facilitate team celebrations, and create a more engaging virtual environment. The company's mission was to bridge the gap in digital interactions for distributed workforces, offering a seamless experience for team connectivity. In June 2022, Around was acquired by Miro, a popular online collaborative whiteboard platform, signaling a significant consolidation within the remote work technology sector. The sunset of Around's services was announced for March 31, 2025, with its features being integrated into Miro's expanding product suite.
How much funding has Around raised?
Around has raised a total of $10M across 1 funding round:
Series A
$10M
Series A (2021): $10M with participation from Wing Companies, Slack Fund, and Forerunner Ventures
Key Investors in Around
Wing Companies
Wing Ventures is a venture capital firm that typically invests in early-stage technology companies, focusing on disruptive innovations and scalable business models.
Slack Fund
Slack Fund, associated with the communication platform Slack Technologies, invests in companies that enhance team collaboration and productivity, often aligning with the ecosystem of workplace communication tools.
Forerunner Ventures
Forerunner Ventures is a venture capital firm that backs founders building category-defining companies at the intersection of technology and human behavior, with a focus on consumer-facing innovations.
What's next for Around?
Following its acquisition by Miro in June 2022, Around's operational future has been redefined. The company's innovative features are being absorbed into Miro's comprehensive collaboration platform, indicating a strategic move to enhance Miro's video communication capabilities. This integration suggests a continued focus on providing robust tools for distributed teams, leveraging Around's specialized technology to bolster Miro's market position. Users are being guided to transition to Miro, ensuring continuity of service and access to advanced collaborative solutions. The strategic investment prior to the acquisition likely played a role in preparing the company for this eventual integration and market consolidation.
See full Around company page
