INTERNATIONAL: IDINVEST ANNOUNCES THE SALE OF PEAKON, ITS VENTURE PORTFOLIO COMPANY.
Venture capital firm Idinvest Partners announces the sale of Peakon, the Danish employee engagement platform that converts feedback into actionable insights, to Workday, the leader in enterprise cloud applications for finance and human resources. The sale will generate an internal rate of return (IRR) of 74% and an 8.7x multiple. It represents the third major exit of its venture fund following Zenly in 2017 and Synthesio in 2018.
Founded in Denmark in 2015 and part of Idinvest’s venture portfolio since 2016, Peakon is an employee engagement platform that is designed to help put your employee insights to work and to drive meaningful change in organisations. With its reputation for indentifying and supporting the most ambitious early-stage tech-enabled companies across Europe, Idinvest has been the partner of choice for Peakon and has backed the company since the very early stage and through the various rounds of financing, contributing to its internationalisation, which will see its services positively impact the lives of millions of employees in the coming years.
With the largest stardardised data set of employee feedback in the workd, Peakon provides un paralleled insights with customized benchmarks to accomplish its mission of helping every client drive the change they want to see. Trusted by over 1000 of the world’s best workplaces, Peakon has driven positive change at organisations like Capgemini, Verizon, The Adecco Group, Delivery Hero, Staples and easyJet.
Benoist Groissmann & Matthieu Baret, Managing Partners, commented: «Since the first roundtable discussion held in 2016 and the fundraising rounds, Peakon has demonstrated its growth potential and ranks as one of the fastest growing SaaS companies in Europe. It has been a pleasure to support Peakon’s team whom we have known from their previous venture at Podio, and their development of a unique product, in a growing market, which has been adopted by an impressive number of hig-quality businesses. We are excited to see how Peakon develops and are delighted to have been a part of this journey, which has demonstrated our ability to identify and scale the most promising companies across the European venture ecosystem».
Nuevos informes y series de datos: El Capital riesgo Informal en España 2020 / Informe de Impacto Económico y Social del Capital Privado en las operaciones de Middle Market en España. 2018 (ASCRI) / Informe de Impacto Económico y Social de los préstamos otorgados por Enisa
Otros informes destacados: Madurez del Venture Capital en España. (English version)/ Financiación de startups de Energía en España / El tiempo de las desinversiones en Private Equity en España (English version)