Danish employee retention SaaS startup Peakon has raised $35 million in a Series B extension round led by Atomico, with participation from EQT Ventures, IDInvest Partners, Balderton Capital, and Sunstone. The company, which has raised a total of over $60 million to date, wants to spend the fresh capital on scaling on the US market.
Launched in 2016, Peakon is an employee retention platform that consists of three main parts: feedback surveys for employees, actionable insights for managers, and a database of engagement levels of the workforce across different industries. All surveys on the platform are standardised, which makes it possible to directly compare the figures.
The startup has worked with customers like Capgemini, Verizon, BMW, TrustPilot, Harrods and easyJet, and currently operates in the UK, Denmark, US, Germany, and New Zealand. Peakon has doubled its headcount to 180 over the past year and claims to have grown the revenues by more than 200 percent.