We got an exclusive look at the pitch deck workplace startup Nexthink used to raise $180 million and hit unicorn status


Pedro Bados   Nexthink

  • Swiss employee experience startup Nexthink has raised a $180 million Series D funding round.
  • The new round, led by UK private equity firm Permira, brings Nexthink to a $1.1 billion valuation.
  • Nexthink claims to have crossed the $100 million annual recurring revenue mark in 2020. 

Swiss employee experience startup Nexthink has raised a $180 million Series D funding round.

The funding was led by UK private equity fund Permira, through its Growth Opportunities Fund, alongside existing investors including Highland Europe and Index Ventures. Nexthink’s raise brings it to a unicorn valuation of $1.1 billion. 

Nexthink, founded in 2004, provides digital employee experience management tools using analytics, automation and employee feedback services. The company recently released a survey into the sector and found that 96% of tech executives agree that employee experience is a key part of the role of IT teams, but also that 46% of those surveyed don’t measure employee experience at all. 

The funding was raised remotely and began in October 2020. 

“The experience was actually very positive, in some ways better, as we were able to maximize the time with investors while reduce travelling hours which are very typical in fundraising,” Pedro Bados, Nexthink CEO, told Insider in an interview. “On the other side, we definitely missed the social time with investors, but I believe this is something we can do hopefully in the near future.”

The company, dual-headquartered in Lausanne, Switzerland and Boston is now close to 700 employees and intends to reach 900 by the end of 2021. Bados said the company was hiring hiring in the US, Europe and India and will use the funding to continue growing its global footprint. Nexthink also claims to have crossed the $100 million annual recurring revenue mark in 2020 — a metric software startups use to indicate how much money they will make in the space of a year, based on current contracts.

“Despite the symbolic valuation of more than $1.1 billion, this is just another milestone in our journey and our focus now is on executing the strategy and accelerating the business growth,” Bados added. 

Check out Nexthink’s pitch deck below:

Close icon Two crossed lines that form an ‘X’. It indicates a way to close an interaction, or dismiss a notification.