Pitch — Funding & Company Data
Financial overview and investor data for Pitch.
Founded
2018
Stage
Series b
Total Raised
$137.7M
HQ
Berlin, Germany
Team
51-200
Model
freemium | self-serve SaaS
Analyst Take
Pitch's funding history reflects a strong early-stage investor confidence in a team with a proven track record, the founders of Wunderlist. The company successfully raised a Seed round, Series A, and two significant Series B rounds, totaling over $137 million. This impressive fundraising allowed Pitch to challenge established players like PowerPoint and Google Slides by focusing on a collaborative, design-forward platform.
The investor syndicate includes top-tier firms such as Index Ventures, Thrive Capital, Lakestar, and Tiger Global Management, indicating a high level of belief in the company's vision and execution capabilities during its growth phase. The inclusion of strategic investors like the Slack Fund and prominent angel investors from the SaaS world further validated their approach.
However, the company's trajectory shifted in early 2024. Amid a challenging venture capital market, Pitch underwent a significant restructuring, laying off a large portion of its workforce and announcing a change in CEO. This move signals a strategic pivot from hyper-growth to a more sustainable, profitability-focused model. While the substantial funding provides a good runway, the recent changes introduce a new chapter for the company, where organic growth and long-term stability are prioritized over rapid expansion.
Stability
Following a significant layoff and CEO change in early 2024, Pitch is in a transitional phase, shifting its focus from hyper-growth to profitability. While the company has a substantial funding history, its long-term stability will depend on its ability to successfully execute this new strategy with a smaller team.
Growth
Pitch's growth trajectory has shifted from rapid expansion to a focus on sustainable, organic growth. The recent restructuring and leadership changes indicate a period of consolidation rather than aggressive scaling.
For Buyers
For a potential buyer, Pitch's recent strategic shift towards profitability could be a positive signal of a long-term commitment to the product. However, the significant reduction in team size may impact the pace of future product development and support.
Funding Timeline
Investors: Lakestar, Tiger Global Management, Index Ventures, Thrive Capital
Investors: Thrive Capital, Index Ventures, BlueYard Capital, Kevin Systrom, Mike Krieger, Rahul Vohra
Investors: Index Ventures, BlueYard Capital, Slack Fund, Eric Yuan, Koen Bok, Simon Willnauer, Olivier Pomel, Frank Thelen, Andrew Wilkinson
Investors: BlueYard Capital