Portfolio

Peakon, the people analytics company, raises $22m for global expansion, led by Balderton

FEB 27, 2018

We're sharing today the announcement of Peakon's $22M investment, led by Balderton and joined by EQT Ventures, IDInvest and Sunstone.

The company will be using the investment to expand to the US, Germany and APAC, and Bernard Liautaud will be joining Peakon's board. 

Peakon is a great product that has been going from strength to strength, driven by an exceptional team. People analytics will transform the world of work in the next decade.

Bernard Liautaud, Balderton

Peakon's solution is focused on employee engagement and retention. 

The service collects and analyses employee feedback from web and mobile apps, then uses machine learning to understand what motivates employees, what problems they have, and how those problems can be fixed.

Since their launch in early 2016, Peakon has been expanding rapidly, with companies such as Trinity Mirror, Secret Escapes, LHH Penna (part of the Adecco group), World First, Lombard Risk Delivery Hero, BMW, Urban Airship, and Capgemini adopting the platform. Those customers have recognised that people are their most important asset and that people decisions are among the most important decisions a company can make. The founders of Peakon saw that historically, people decisions have been made by opinion (subjective, and often inaccurate) when instead they should be founded on data. 

The market for employee engagement and people analytics is huge — Deloitte estimates it is already a $1bn market. Peakon was founded by a team with an already impressive track record of building some of Europe's most successful technology startups — Kasper Hulthin (Podio - acquired by Citrix), Christian Holm (Podio), Phil Chambers (Gumtree - acquired by eBay, Qype – acquired by Yelp, Podio), and Dan Rogers (Qype, Songkick).  

In December, the team shared on their blog some of their accomplishments over the past year, including being named one of the fastest-growing global SaaS startups of 2017. 

In December, the team shared on their blog some of their accomplishments over the past year, including being named one of the fastest-growing global SaaS startups of 2017. 

Peakon now operates globally, including from offices in the UK, Denmark, US, Germany, and New Zealand — and expects to double its headcount over the next 12 months to more than 180 people. 

Read more about the news on UKTN.

Peakon founders Phil Chambers, Kasper Hulthin, Dan Rogers and Christian Holm — who all have an impressive track record of building some of Europe's most successful technology startups

Stay in touch with Balderton

Sign up for our newsletter to stay up to date on news from Balderton, and our portfolio.