People Analytics startup Peakon, whos solution help corporations spot problems within the organisation, has announced they raised a series B round of €18 million ($22 million). The round was led by Balderton Capital, but the existing investors, being EQT Ventures fund, IDInvest Partners, and Sunstone Capital, participated as well.
Peakon has been one of the most hyped startups from the region, having an experienced founder teams, and raising their first round before they where launched. Now, a little over 2 years later, the startup has had an impressive track record – and still great ambitions:
“We’ve taken huge steps forward across the whole business in the last twelve months – rounding out the team with senior hires, driving product satisfaction to record levels, increasing revenue by over 600%, and launching in several new markets – and felt like this was time to double down on our global expansion.” Phil Chambers, CEO of Peakon tells TechCrunch.
The team has grown a lot already, but with the investment in aims to double it’s number of employees. Bernard Liautaud from Balderton has also joined the board. His past experience as founder of Business Objects and being one of Europe’s most successful enterprise software entrepreneurs, will help the team grow as well.
“Looking forward, we can’t wait to start tackling the new challenges that lie ahead – namely expanding our presence across DACH, APAC and North America.” says Phil.
You can read more from Peakon itself or the TechCrunch article.