Atomico leads €30m series-B extension for Peakon

Oscar Geen
20 March 2019

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London-based VC firm Atomico has led a тЌ30m series-B extension for Danish employee survey software firm Peakon.

The investment brings the total value of Peakon's series-B to €48m, after Balderton Capital led an €18m round for the firm in February last year.

Existing investors EQT Ventures, Idinvest Partners and Sunstone Capital all took part in the financing.

The fresh capital will be used to triple the company's presence in North America and double its presence in Europe and Asia-Pacific.

Atomico co-founder Mattias Ljungman will join Peakon's board of directors.

Previous funding
Peakon initially secured €1m from European and US entrepreneurs including Gumtree's Doug Monro. It then raised €4m in funding from VC duo Idinvest Partners and Sunstone Capital in January 2016. The funds were raised in parallel with Peakon's official launch worldwide. The startup dedicated the capital to its operations both in London and Copenhagen.

EQT Ventures, via its EQT Ventures Fund, led a €6.1m funding round for Peakon in March 2017, along with existing investors Idinvest, Sunstone and an angel investor.

Balderton entered the capital structure in February 2018, leading the first part of the company's series-B round alongside EQT Ventures, Idinvest and Sunstone.

Company
Peakon was founded in 2015 and is headquartered in Copenhagen. It makes employee survey software to help companies collect data on employee feedback. The company employs 130 people in six locations, according to its website.

People
Atomico – Mattias Ljungman (partner).
Balderton Capital – Bernard Liautaud (managing partner).
Peakon – Phil Chambers (CEO).