Human resources startup Peakon recently raised 6.1 million euros in its latest round of funding led by Swedish venture capital and private equity firm EQT Ventures, revealed Di Digital. Peakon aims to improve workplace engagement, retention, and productivity through its employee engagement platform. The platform collects and analyzes employee feedback, providing valuable insights to increase employee satisfaction and reduce turnover.
This is the second round of financing for the rising startup. 6,1 million euro investment (over 43 million DKK) now adds up to 10.92 million euros (81 million DKK) in total funding, thanks to previous funding rounds led by Idinvest Partners and Sunstone Capital. Through this latest round, Peakon plans to scale its staff to more than 100 employees and invest in machine learning and data development.
According to Lars Jörnow, a founding partner at EQT Ventures, artificial intelligence is set to become an attractive sector for technology investors this year.
“The Peakon team has had an impressive start with strong sales growth and the product has been well received,” he remarked. “The culture in the workplace and the ability to track, analyze and act on employee engagement is increasingly important for the world’s leading companies,” said Jörnow.
Peakon was founded in 2014 by Dan Rogers, former VP of Growth and Product Management at Songkick and Christian Holm, Kasper Hulthin, and Phillip Chambers, previously of Podio (acquired by Citrix). Based in Copenhagen, Denmark, the startup also has offices in the UK and the US.