What is Opal Labs?
Founded in 2009 and based in Portland, Oregon, Opal provides a platform designed to enhance marketing team collaboration. The company aims to offer brands efficient structure, align teams, and reduce complexity in their operations. Opal's solutions are geared towards enabling seamless workflow management for marketing departments, positioning it as a key player in the collaboration tools market.
How much funding has Opal Labs raised?
Opal Labs has raised a total of $26.6M across 4 funding rounds:
Angel/Seed
$2.1M
Series A
$8M
Series B
$15.5M
Debt
$1M
Angel/Seed (2012): $2.1M with participation from Oregon Venture Fund
Series A (2014): $8M led by InterWest, MMC Ventures, Seven Peaks Ventures, and Madrona Venture Group
Series B (2016): $15.5M supported by Seven Peaks Ventures, Madrona Venture Group, Accel, and MMC Ventures
Debt (2020): $1M featuring PPP
Key Investors in Opal Labs
Oregon Venture Fund
Oregon Venture Fund is dedicated to investing in and supporting the next generation of world-class growth companies, focusing on ambitious founding teams with innovative solutions. The fund aims to empower local entrepreneurs while scaling their businesses globally.
InterWest
InterWest Partners is a venture capital firm that has been investing in early-stage IT and healthcare start-ups for over four decades. The company collaborates with world-class entrepreneurs to develop successful businesses in these sectors.
MMC Ventures
MMC funds and helps scale technology companies that are transforming today's markets. It has been backing transformative tech companies from the Seed and Series A stage since 2000. MMC commits to a deep understanding of each company's underlying technology and business model.
What's next for Opal Labs?
The substantial enterprise-level funding and recent strategic investment indicate a phase of significant scaling and market expansion for Opal Labs. This capital infusion is likely to fuel product development, enhance go-to-market strategies, and potentially explore new verticals within the marketing technology landscape. The company's continued ability to attract significant backing suggests strong market validation and a promising outlook for future growth and innovation in team collaboration software.
See full Opal Labs company page
