Peakon raises 6.1 mln euro in funding round led by EQT Ventures

James Young
Peakon raises 6.1 mln euro in funding round led by EQT Ventures

Peakon, a provider of employee engagement and people analytics software, has completed a 6.1 million euro ($6.62 million) funding round led by EQT Ventures, the venture capital arm of Swedish private equity giant EQT, the company said on Monday.

* Peakon, founded in 2014, will use the money primarily to triple staff to over 100 people over the next 12 months, expanding its teams in machine learning, data-science, and engineering.

* “AI is tipped as one of the key tech sectors for investors this year, and the team have had an impressive start, demonstrating strong revenue growth and product adoption,” said Lars Jornow, managing partner at EQT Ventures.

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