Total amount raised
$137.7 Million
Latest funding date
5/1/2021
Location
Pitch has raised funding over four rounds, with its latest Series B round involving investors like Lakestar and Tiger Global Management. The platform offers AI-powered tools for creating and delivering presentations, enabling real-time collaboration and seamless integration with popular apps.
Keep reading to explore the intricacies of Pitch's fundraising journey and the investors backing this innovative platform.
What Is Pitch?
Pitch is a private company based in Berlin, Germany, specializing in collaborative presentation software. The platform is designed for modern teams, offering AI-powered tools, customizable templates, and real-time collaboration features.
Founded by a team of innovators, Pitch has grown to employ between 51-100 people. The company has raised multiple funding rounds, with notable investors like Index Ventures and Tiger Global Management backing its vision.
How Much Funding Has Pitch Raised?
- Seed Round
- Amount Raised: USD 3,000,000
- Date: February 2018
- Lead Investors: BlueYard Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Pitch's collaborative presentation platform.
- Series A
- Amount Raised: USD 19,000,000
- 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.
- Series Unknown
- Amount Raised: USD 30,000,000
- Date: October 2019
- Lead Investors: Thrive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's features and scale operations.
- Series B
- Amount Raised: USD 85,000,000
- Date: May 2021
- Lead Investors: Lakestar, Tiger Global Management
- Valuation at Round: USD 600,000,000
- Motivation Behind the Round: To develop core technology, expand the global team, and enhance the presentation workflow.
Total Amount Raised: USD 137,000,000. Current Valuation: USD 600,000,000.
Key Investors
- Lakestar
- Details: Lakestar is one of Europe's leading venture capital firms, investing in technology companies led by exceptional entrepreneurs. They have offices in Berlin, Zurich, and London.
- Investment Focus Areas: Technology startups, early-stage to growth-stage companies, US and Europe markets.
- Notable Investments: Spotify, Skype, Facebook.
- Tiger Global Management
- Details: Tiger Global Management is a leading global technology investment firm with over $60 billion under management. They focus on private and public companies in the internet, software, and financial technology sectors.
- Investment Focus Areas: Internet, software, financial technology sectors.
- Notable Investments: Facebook, LinkedIn, Stripe.
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology and life sciences companies. They have a strong track record of backing successful startups.
- Investment Focus Areas: Technology, life sciences.
- Notable Investments: Dropbox, Slack, Etsy.
- Thrive Capital
- Details: Thrive Capital is a venture capital firm that focuses on technology investments, particularly in internet and software companies. They have a reputation for backing transformative companies.
- Investment Focus Areas: Internet, software.
- Notable Investments: Instagram, Stripe, GitHub.
- BlueYard Capital
- Details: BlueYard Capital is a venture capital firm that invests in early-stage technology companies. They are known for their focus on disruptive technologies and innovative business models.
- Investment Focus Areas: Technology, early-stage companies.
- Notable Investments: Not publicly disclosed.
What's Next for Pitch?
Pitch stands at the cusp of significant growth, driven by the increasing demand for collaborative and dynamic presentation tools. With the recent $85 million Series B funding, the company plans to expand its global team and enhance its platform with new features like advanced analytics and video functionalities. The introduction of an enterprise version aims to attract larger businesses, positioning Pitch to disrupt the presentation software market currently dominated by Microsoft PowerPoint.
Future fundraising opportunities seem promising as Pitch continues to innovate and expand its user base. The potential to convert more users to the paid Pitch Pro tier and the development of a marketplace for presentation templates could attract additional investors. However, challenges such as competition from established players and ensuring data privacy and security remain. Successfully navigating these hurdles will be crucial for Pitch's continued growth and market penetration.
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