Peakon, a Copenhagen, Denmark- and London, UK-based real-time people analytics platform, raised €4m in Series A funding.
Backers included Idinvest Partners and Sunstone Capital. In conjunction with the funding, Guillaume Durao of Idinvest Partners, will join Peakon’s board.
The company intends to use the funds to expand its international user base initially in Europe and the United States, as well as scaling product development in Copenhagen, and increasing sales and operations in London.
Founded in December 2014 by Kasper Hulthin, Christian Holm, Phil Chambers, and Dan Rogers, Peakon provides a solution to understanding, engaging, and retaining talent within a company through automated surveys and specifically tailored insights and analysis of drivers and motivation within teams.
The platform also allows managers to compare the data collected from their own company with others within similar industries.
Peakon’s solution, which is now fully available through an annual software-as-a-service subscription model, priced on a per seat/ per month basis, has already been adopted by innovators and businesses such as YPlan, Opera, Urban Airship, Delivery Hero, Adzuna and depop.
The company, which currently has a staff of 13, had earlier raised €1m in seed funding round from Tommy Ahlers (Podio, Zyb), Morten Primdahl (co-founder Zendesk), Alexander Aghassipour (co-founder Zendesk), Bernardo de Albergaria (Atlassian, Citrix), and Doug Monro (Gumtree, Zoopla, Adzuna).