Here’s an exclusive look at the pitch deck Powerpoint rival Pitch used to raise $85 million backed by investment giant Tiger Global
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.
- Presentation software startup Pitch has raised $85 million led by Lakestar and Tiger Global.
- Pitch chief Christian Reber previously founded to-do app Wunderlist, which was acquired by Microsoft.
- We got hold of Pitch’s fundraise pitch deck.
Berlin-based presentation software startup Pitch has raised $85 million in Series B funding.
Pitch was set up in 2018 by Christian Reber, whose previous firm Wunderlist was acquired by Microsoft. His new startup provides collaborative presentation software for thousands of companies around the world. The latest funding was led by Lakestar and Tiger Global and takes Pitch to $135 million in total funding.
“There was no need to raise funding, we had two to three years of runway left and have been a very disciplined business in terms of spending,” Reber told Insider.
“We were debating the next best moment to raise an additional round. We have a broad product and having more money in the bank for investment would be a great thing given valuations are skyrocketing and the future is unknown so we were opportunistic.”
The main focus of the fresh capital will be directed at improving Pitch’s product by adding new features including voice recording and playback, more platform content, and improved presentation analytics. Additional funding will go towards expanding the company’s headcount from 120 currently to 170 people.
Pitch has both free and paid plans with the latter, Pitch Pro, providing unlimited storage, video uploads, version history, and advanced permissioning for $10 per member per month.
“Investors like the fact we have an experienced team and a good product,” Reber added. “We have just launched so no one expected crazy numbers but we have good traction and investors are excited about our product vision.”
Existing investors Index Ventures and Thrive Capital also joined the round. Pitch did not disclose its valuation.
Check out Pitch’s (redacted) pitch deck below: