Balderton leads $22m funding round for Peakon

The round also included participation from EQT Ventures, Idinvest Partners and Sunstone Capital.

Peakon will invest the fresh funding towards global expansion. It is currently operating with companies in the UK, Germany, Denmark, the US and New Zealand.

The company's revenues increased 600% over the last year, according to its CEO.

Previous funding
Peakon initially secured €1m from European and US entrepreneurs including Gumtree's Dough 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.

Company
Founded in 2014, Peakon is a people analytics company aiming to improve employee engagement and retention. Based in London and Copenhagen, the company has an additional office in Raleigh, in the US.

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

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• Topics
• Expansion
• UK / Ireland
• Nordics
• Support services
• United Kingdom
• Denmark
• Balderton Capital
• Sunstone Capital A/S
• IDInvest Partners (AGF Private Equity)
• EQT Ventures
• Venture