Pitch, which is a Berlin, Germany-based open platform for presentations and content collaboration, raised $19m in Series A funding.
The round was led by some of the prominent investors which includes the Index Ventures and BlueYard, with participation from Slack Fund, Zoom CEO Eric Yuan, Framer CEO Koen Bok, Elastic Co-Founder Simon Willnauer, Datadog CEO Olivier Pomel, Wunderlist-backer Frank Thelen, and Metalab Founder Andrew Wilkinson. In conjunction with the funding, Neil Rimer, a partner at Index Ventures, joined Pitch’s board.
The company, which has raised $22m in total funding, as of now has a plans to use the funds to grow the team in design, engineering, and marketing – and to bring the product to market.
The startup which is founded and started in January 2018 by the founding team behind Wunderlist, the to-do app which was acquired by Microsoft in 2015, Pitch is using modern web technologies, data integrations and team-oriented features to build a new platform for presentations and content collaboration for individuals and teams Led by Christian Reber, CEO and founder, the company has a team of 20 people.
“I didn’t feel like I’d accomplished my goal,” he said reflecting on the sale. (For the reasons why he sold anyway, you might speak to a lot of other founders who have exited, and I’d guess that the multiple reasons are often the same.) “So, a year after the exit I thought I would like a chance to start from scratch and be more strategic in how I built my startup.”
“It’s really fascinating for me why new products win,” Reber said. “Just look at the business communications space. The market was saturated, and Hipchat dominated the startup world, but then all of the sudden Slack came and everything change. It just took over. There will be a similar shift, I think.”
Besides, he added, having multiple competitors is a good thing. “It just means that the best product will come out the winner.” Let’s hope so.
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