Total amount raised
$137.7 Millions
Latest funding date
5/1/2021
Location
Pitch has successfully raised $50 million over multiple funding rounds, with its latest being a Series B. The platform offers collaborative presentation software designed for modern teams, focusing on real-time communication and smart workflows.
Keep reading to explore the intricacies of Pitch's fundraising journey and the investors backing this innovative platform.
What Is Pitch?
Founded in 2018, Pitch is a Berlin-based company specializing in collaborative presentation software. The platform is designed to facilitate real-time communication and smart workflows for modern teams.
Pitch was co-founded by a diverse team including Adam Renklint, Charlette Prevot, Christian Reber, Eric Labod, Jan Martin, Marvin Labod, Misha Karpenko, and Vanessa Stock. Their combined expertise has driven the company to create a product that is both innovative and user-friendly.
With a team of 51-100 employees, Pitch continues to grow, offering customizable templates and seamless integrations to help teams craft and share beautiful presentations efficiently.
How Much Funding Has Pitch Raised?
- Seed Round
- Amount Raised: €3M
- Date: February 2018
- Lead Investors: BlueYard Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their collaborative presentation software.
- Series A
- Amount Raised: $19M
- Date: October 2018
- Lead Investors: BlueYard Capital, Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Venture Round
- Amount Raised: $30M
- Date: October 2019
- Lead Investors: Thrive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's features and improve user experience.
- Series B
- Amount Raised: $85M
- Date: May 2021
- Lead Investors: Lakestar, Tiger Global Management
- Valuation at Round: $600M
- Motivation Behind the Round: To develop core technology, grow the global team, and extend the platform's capabilities.
Total Amount Raised: $137M. Current Valuation: $600M.
Key Investors
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology and life sciences companies. They focus on early-stage and growth-stage investments.
- Investment Focus Areas: Technology, life sciences, early-stage, growth-stage.
- Notable Investments: Dropbox, Slack, Robinhood.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. They manage over $60 billion in assets.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Lakestar
- Details: Lakestar is one of Europe's leading venture capital firms, investing in technology companies led by exceptional entrepreneurs. They manage over EUR 1 billion across multiple funds.
- Investment Focus Areas: Technology startups, early-stage, growth-stage, US, Europe.
- Notable Investments: Spotify, Skype, Facebook, Airbnb.
- Thrive Capital
- Details: Thrive Capital is a venture capital firm that focuses on internet and software investments. They have a strong track record of investing in transformative and high-growth businesses.
- Investment Focus Areas: Internet, software, high-growth businesses.
- Notable Investments: Instagram, Stripe, GitHub.
- BlueYard Capital
- Details: BlueYard Capital is a venture capital firm that invests in early-stage technology companies. They focus on companies that are building open, decentralized, and empowering technologies.
- Investment Focus Areas: Technology, open technologies, decentralized technologies.
- Notable Investments: Protocol Labs, OpenAI, Finoa.
What's Next for Pitch?
Pitch is poised to capitalize on the growing demand for collaborative and cloud-based productivity tools. With tens of thousands of teams already using the platform and 125,000 workspaces created, the potential for expansion is significant. The company plans to develop an enterprise version to attract larger businesses and introduce new features like presentation analytics and enhanced video capabilities. These advancements could position Pitch as a leader in the presentation software market.
Future fundraising opportunities seem promising, given the company's rapid growth and the confidence of high-profile investors like Lakestar and Tiger Global. Additional funding rounds could support further development of core technology and global team expansion. However, Pitch will need to navigate challenges such as competition from established players like Microsoft PowerPoint and ensuring data privacy and security. Balancing the freemium model with the need to convert users to paid tiers will also be crucial for sustained growth.
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