- Companies
- Pitch
Last Pitch valuation
$600M
Series B · May 2021
Last Pitch funding round
$85M
Series B · May 2021
Cumulative funding Pitch raised
$138M
across 4 funding rounds
Key investors in Pitch
Index Ventures
Thrive Capital
BlueYard Capital
Tiger Global
Lakestar
Slack Fund
About Pitch
Pitch is a Berlin-based presentation and sales-enablement software platform, originally built as a design-focused alternative to tools like PowerPoint before evolving into a platform for revenue and sales teams. The company operates a freemium, product-led growth model with more than a million free workspaces, monetizing through Pro and Business subscription tiers priced between roughly $22 and $100 per user per month. Pitch underwent a major business reset in early 2024 that reduced its team from 180 to 40 employees, after which it returned to growth, reaching $10 million in annual recurring revenue by February 2025.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$600M (May 2021)
Pitch Valuation
Pitch is currently valued at $600M, based on its Series B in May 2021.
The $85M round was led by Lakestar and Tiger Global, with participation from Index Ventures and Thrive Capital.
Pitch valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2021 | Series B | $600M |
Pitch Funding History
Pitch has raised a total of $138M across 4 funding rounds.
Pitch's first fundraising round was a $4M seed round in February 2018. The most recent completed round was a $85M Series B in May 2021.
Pitch funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2021 | Series B | Lakestar (lead); Tiger Global (lead); Index Ventures; Thrive Capital | $85M | $600M | Pitch is a presentation and sales enablement platform that evolved from a design-focused tool into a comprehensive pitching platform targeting revenue teams and sales organizations. The company operates a freemium, product-led growth model with over 1 million free workspaces and monetizes through premium tiers including Pro at $22-25 per user per month and Business plans at $80-100 for small teams, achieving approximately 3% conversion rates and $30-40 average revenue per user. Pitch raised $137M total across four funding rounds from 2018-2021, with the Series B of $85M in May 2021 led by Lakestar and Tiger Global Management. The company reached a peak valuation of approximately $600M during this 2021 round, reflecting strong investor enthusiasm for remote work and collaboration tools at that time. By February 2025, after a dramatic business reset in January 2024 that returned most venture capital to investors and reduced headcount from 180 to 40 employees, Pitch achieved $10M in annual recurring revenue, representing roughly 90% year-over-year growth from $4.9M at the end of 2023. |
| Oct 2019 | Undisclosed stage | Thrive Capital (lead); Tiny Capital; Mike Krieger; Rahul Vohra; Amaranthine; Tapestry VC; Kevin Systrom | $30M | - | Pitch is a Berlin-based collaborative presentation software platform designed to improve upon traditional tools like PowerPoint by offering delightful user experiences, templates, and features for teams to communicate ideas effectively. The company announced a $30 million funding round in October 2019 led by Thrive Capital, with participation from existing investors and notable angels such as Kevin Systrom and Mike Krieger of Instagram, Rahul Vohra of Superhuman, and others including Amaranthine, Tapestry VC, and Tiny Capital. This followed prior rounds: a $3M seed in February 2018 led by BlueYard Capital and a $19M Series A in October 2018 led by BlueYard Capital and Index Ventures. The 2019 round aimed to enhance platform features, scale operations, and progressively invite more teams for beta testing after initial users like Notion and Framer. At the time of the announcement, Pitch was in limited preview beta, emphasizing product development in partnership with design agency MetaLab based on user interviews and feedback to address pain points in presentation software. The funding supported ambitions to impact decision-making and information distribution across business, politics, education, and creative communities, where hundreds of millions rely on presentations. Pitch positioned itself as a competitor to established presentation tools, with the Series B-equivalent funding enabling further growth amid a wave of productivity software investments in 2019, similar to tools like Loom and Kapwing raising comparable amounts. |
| Oct 2018 | Series A | BlueYard Capital (lead); Index Ventures (lead); Freigeist Capital; Slack Fund; Simon Willnauer; Koen Bok; Frank Thelen; Eric Yuan; Andrew Wilkinson; Olivier Pomel | $19M | - | Pitch is a presentation and sales enablement platform that evolved from a design-focused tool to a revenue team solution. The company operates a freemium, product-led growth model monetizing over 1 million free workspaces by converting approximately 3% of teams to paid plans, with estimated average revenue per user of $30-40. Pitch reached a peak valuation of approximately $600M in 2021 during strong investor enthusiasm for remote work tools, having raised $137M total across four rounds from 2018-2021, with the most recent Series B being an $85M round in May 2021 led by Lakestar and Tiger Global Management. The company underwent a major business reset in January 2024, returning most venture capital to investors and reducing headcount by approximately 78% from 180 employees to 40. By February 2025, Pitch achieved $10M in annual recurring revenue, representing roughly 90% year-over-year growth from $4.9M at the end of 2023. |
| Feb 2018 | Seed | BlueYard Capital (lead) | $4M | - | Pitch is a Berlin-based software company founded in January 2018 by the team behind Wunderlist, building a collaborative platform for presentations and content for individuals and teams. The company raised a $3 million seed round in February 2018 led by BlueYard Capital to kickstart development of its presentation platform. This was followed by a $19 million Series A in October 2018 co-led by Index Ventures and BlueYard Capital, bringing total funding to $22 million with participation from Slack Fund and angels including Zoom, Datadog, Framer, and Elastic founders. The Series A funds were allocated to expand the team in design, engineering, and marketing, and to launch the product. Pitch went on to raise additional rounds totaling $137 million through 2021, including a $30 million round in 2019 led by Thrive Capital. |
Who has invested in Pitch?
19 investors have backed Pitch across its funding rounds, including Index Ventures, Thrive Capital, BlueYard Capital, Tiger Global, Lakestar and Slack Fund.
Lead investors include Lakestar, Tiger Global, Thrive Capital, BlueYard Capital and Index Ventures.
Pitch Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2018 | ||
| 2 | Lead | Feb 2018 | ||
| 2 | Lead | Oct 2019 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Lead | May 2021 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Lead | May 2021 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Oct 2018 | ||
This data is available for Pro users. Sign up to see all 19 Pitch investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialPitch Competitors
Pitch competitors include listed companies like Cybozu and Weaver Network, and private ones like Typeform, Aircall, IFTTT and Otter.ai.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $241M | $84M | $881M | 3.1x | ||
| Private | $70M | - | $935M | 13.4x | ||
| Private | $175M | - | $1B | 5.7x | ||
| Private | $9M | - | $249M | 27.7x | ||
| Private | $100M | - | $244M | 2.4x | ||
| Publicly listed | $341M | $43M | $1.6B | 4.2x |
Pitch Public Comps
Pitch is still privately-owned, but its public comps include Ooma, Sprout Social, Consensus Cloud, Enghouse Systems, Tanla Platforms, Truecaller, Vercom, Foxit Software, Note Inc. and Agora.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $274M | $19M | 2.4x | 2.1x | 35.5x | 15.4x | |||
| $458M | ($31M) | 1.3x | 1.2x | (18.6x) | 8.1x | |||
| $350M | $166M | 3.2x | 3.1x | 6.8x | 5.9x | |||
| $357M | $87M | 1.4x | 1.4x | 5.6x | 5.6x | |||
| $461M | $76M | 1.2x | 1.2x | 7.6x | 7.1x | |||
| $195M | $61M | 3.2x | 3.4x | 10.2x | 11.8x | |||
| $125M | $34M | 5.9x | 5.2x | 21.8x | 18.2x | |||
| $159M | $13M | 3.4x | 3.0x | 39.8x | 19.8x | |||
This data is available for Pro users. Sign up to see all Pitch competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Pitch
| When was Pitch founded? | Pitch was founded in 2018. |
| Where is Pitch headquartered? | Pitch is headquartered in Germany. |
| Is Pitch publicly listed? | No, Pitch is a private, VC-backed company. |
| What is Pitch's valuation? | Pitch was last valued at $600M in its Series B in May 2021. |
| How much funding has Pitch raised? | Pitch has raised $138M across 4 funding rounds. |
| What was Pitch's last funding round? | Pitch's last funding round was a $85M Series B in May 2021, led by Lakestar and Tiger Global. |
| Who are Pitch's investors? | Pitch's investors include Index Ventures, BlueYard Capital, Thrive Capital, Freigeist Capital, Tiny Capital, Slack Fund, Simon Willnauer, Mike Krieger, Tiger Global, Rahul Vohra and 9 others. |
| Which companies are comparable to Pitch? | Companies comparable to Pitch include Cybozu, Typeform, Aircall, IFTTT, Otter.ai and Weaver Network. |
See companies similar to Pitch
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