Pitch Secures $85 Million for Its Collaborative Presentation Platform

By McKenzie Carpenter Thursday, May 20, 2021

Pitch, a startup company that created collaborative presentation software, announced it raised $85 million to expand business reach and product capabilities.

Collage of Pitch founding members: Christian Reber (CEO), Charlette Prevot (Head of Ops), Jan Martin (Designer), Eric Labod (Head of QA), Marvin Labod (Developer), Adam Renklint (CTO), Vanessa Stock (VP People), and Misha Karpenko (Lead Developer).

About Pitch

Founded in 2018, Pitch is a German startup company that developed online software for businesses that allows real-time collaboration on presentations. In essence, the software created by the business acts as a typical meeting software like Zoom, Microsoft Teams, or Cisco Webex. However, Pitch allows for teams to build and display presentations within the program, eliminating the need to screen share or for asynchronous meetings.

The Pitch software streamlines the presentation process as it’s faster and easier for teams to collaborate as they can verbally communicate through the online program as opposed to typing or holding a separate phone call to stay informed. In addition, users can upload their own presentation templates or select from the templates provided by Pitch’s software.

Pitch also features other design and editing tools that make creating presentations simpler for those who may not have as much experience. Furthermore, presentation progress can be tracked through the program as slides can be assigned to certain people and marked when completed.

The startup company currently has two Pitch package options: Starter and Pro. Starter is a free program, while Pitch Pro has a monthly fee of $10 per month. According to the business, Pitch Enterprise is launching soon.

The startup has many different clients, including Grammarly, Loom, Parse.ly, Intercom, and many others.

Prezi, Google Slides, and Microsoft PowerPoint are notable competitors to Pitch. However, the tech business differentiates itself from these other programs as it allows for real-time virtual verbal collaboration alongside typical online collaborative presentation software.

$85 Million Series B

The tech company announced it raised $85 million in a Series B financing round led by Lakestar and Tiger Global. Existing investors such as Thrive Global and Index Ventures also participated in this round. This new funding reportedly values Pitch at $600 million.

Christian Reber, founder and CEO of the startup, said in a press release, “Our mission at Pitch is to enable every team’s best thinking...It’s been six months since we launched to the world, and tens of thousands of teams have already discovered how easy it is to create, collaborate on and deliver beautiful presentations on Pitch.”

Since launching just a few short months ago, the company claims that more than 125,000 presentation workspaces have been created from thousands of business teams. Additionally, the startup added that it has unveiled new weekly features and program updates since the launch and hopes to continue on that trajectory.

With the new capital, Pitch plans to grow its global staff and introduce new product capabilities. For example, the company will develop and release a viewable library full of published content from other brands and individuals that other users will eventually be able to use directly. In addition, the software business will release new presentation distribution and monitoring capabilities, as well as recording and playback features.

These new features are expected to be released sometime this year.

About the Author

Headshot for author McKenzie Carpenter

McKenzie Carpenter is a graduate of Central Michigan University with a B.A.A. in Integrative Public Relations and French. McKenzie has previously worked for small businesses and nonprofit organizations.

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