Welcome!

News Feed Item

Opal Closes $15.5 Million Series B Investment Led by Accel

PORTLAND, OR--(Marketwired - February 16, 2017) - Opal (www.workwithopal.com) is pleased to announce it has closed a $15.5 million Series B investment led by Accel, a Bay Area-based venture capital firm that has invested in and helped build world-class, category leading companies. Opal, the leading collaboration platform for brand marketing teams, has set the standard for best-in-class enterprise software that is purpose-built for the world's most innovative marketers.

"Enterprise collaboration has long been an area of focus and interest for us. Accel is an early investor in Atlassian, Dropbox, Slack, Invision and Frame.io, and we're thrilled to partner with Opal to build the next great collaboration platform for marketers," said Arun Mathew, partner at Accel.

Mathew will join Opal's Board of Directors. The round closed on January 30, 2017 and also included a significant investment by Seattle-based Madrona Venture Group, Opal's Series A lead. Existing investors Seven Peaks Ventures, based in Bend, Ore., and MMC Ventures, based in London, also participated in the round.

"It is exciting to bring one of the top venture capital firms in the world into the Portland market for the first time. Accel is the perfect partner to join the team as we enter the next phase of growth," said Opal CEO and co-founder Steve Giannini. "We admire the types of companies, entrepreneurs and visions Accel has backed over the years and we are confident that together we will make Opal the world-leader in collaboration software that will unite brand marketing teams and transform the way they work."

The Opal Platform connects people throughout the brand marketing process with a human experience, backed by enterprise technology that is scalable, secure and easily integrates into existing marketing tools. Marketing teams work together in Opal to seamlessly produce consistent, cohesive stories, campaigns, content and brand communications. The result is a more efficient and effective execution of brand strategy, with details collaboratively built and ultimately visualized across any channel.

The world's leading marketing teams use Opal's StoryFirst™ framework to orchestrate the brand marketing process -- including Starbucks, Target, Microsoft, Airbnb, Nestlé, HP, Intel, NASA and Nike. Industry leaders have embraced Opal's commitment to innovation and customer success.

"The human connection for Opal is massive," said Eric Toda of Airbnb. "They are dedicated to my success and my team's success as much as my team is."

Founded in 2011, Opal previously raised an $8 million Series A round led by Madrona Venture Group in 2014, and has experienced rapid growth in both customer adoption and expansion.

"In the two and a half years since we invested in Opal, the team has built an elite set of customers who use Opal's market-leading platform to harmonize brand messaging, reaching billions of people around the world. We are delighted to have Accel join us as a valued partner," said Len Jordan, Opal board member and Managing Director at Madrona.

Opal boasts a talented team based out of its Portland headquarters, with offices in New York and London. With the fresh funding, the company plans to significantly expand its team of world-class software designers and developers, sales humans and customer success professionals. Opal will open an additional office in San Francisco by the end of 2017, and continue to expand its presence in Europe.

About Opal

Opal is the place where brand marketing teams work together. Founded in 2011, Opal is backed by Accel, Madrona Venture Group, Seven Peaks Ventures, InterWest Partners, MMC Ventures and Oregon Angel Fund. Teams who use Opal include world-class marketers from Airbnb, Burberry, Keen, Levi's, Intel, Microsoft, Nestlé, Nike, REI, Skullcandy, Target, NASA and more. For more information visit www.workwithopal.com.

Media contact:
JulieAnna Giannini
[email protected]
503.479.8090

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"NetApp's vision is how we help organizations manage data - delivering the right data in the right place, in the right time, to the people who need it, and doing it agnostic to what the platform is," explained Josh Atwell, Developer Advocate for NetApp, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
What You Need to Know You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technolog...
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
One of the biggest challenges with adopting a DevOps mentality is: new applications are easily adapted to cloud-native, microservice-based, or containerized architectures - they can be built for them - but old applications need complex refactoring. On the other hand, these new technologies can require relearning or adapting new, oftentimes more complex, methodologies and tools to be ready for production. In his general session at @DevOpsSummit at 20th Cloud Expo, Chris Brown, Solutions Marketi...
SYS-CON Events announced today that Nihon Micron will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Nihon Micron Co., Ltd. strives for technological innovation to establish high-density, high-precision processing technology for providing printed circuit board and metal mount RFID tags used for communication devices. For more inf...
SYS-CON Events announced today that Ryobi Systems will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ryobi Systems Co., Ltd., as an information service company, specialized in business support for local governments and medical industry. We are challenging to achive the precision farming with AI. For more information, visit http:...
SYS-CON Events announced today that mruby Forum will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. mruby is the lightweight implementation of the Ruby language. We introduce mruby and the mruby IoT framework that enhances development productivity. For more information, visit http://forum.mruby.org/.
SYS-CON Events announced today that Mobile Create USA will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Mobile Create USA Inc. is an MVNO-based business model that uses portable communication devices and cellular-based infrastructure in the development, sales, operation and mobile communications systems incorporating GPS capabi...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
SYS-CON Events announced today that Daiya Industry will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Daiya Industry specializes in orthotic support systems and assistive devices with pneumatic artificial muscles in order to contribute to an extended healthy life expectancy. For more information, please visit https://www.daiyak...
SYS-CON Events announced today that Fusic will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Fusic Co. provides mocks as virtual IoT devices. You can customize mocks, and get any amount of data at any time in your test. For more information, visit https://fusic.co.jp/english/.
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
SYS-CON Events announced today that Interface Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Interface Corporation is a company developing, manufacturing and marketing high quality and wide variety of industrial computers and interface modules such as PCIs and PCI express. For more information, visit http://www.i...