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The Berlin startup Pitch closes a financing round of 85 million US dollars and now wants to develop the “first complete platform for presentations”.
When Christian Reber says that, it actually sounds very simple. The CEO and founder of Pitch wants to work with the Berlin startup to develop the “first complete platform for creating, sharing, presenting and publishing presentations”. In other words: Pitch should become the YouTube for presentations. The way to this ambitious goal is now well prepared: The Berliners have one Series B funding announced for $ 85 million. According to the announcement, Lakestar and Tiger Global are leading the round, the existing pitch investors Index Ventures and Thrive Capital are joining and investing again.
Behind Pitch is a team that has already proven its skills. Pitch founder Christian Reber also founded the to-do app Wunderlist, and co-founders from back then are back on board for the current project. Wunderlist was sold to Microsoft in 2015 for an amount between 100 and 200 million dollars – with the new platform, the troops are competing against Microsoft solutions such as Powerpoint.
Pitch founder Christian Reber has already caused a sensation with Wunderlist. (Photo: Christian Reber)
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Pitch was founded in 2018, after which the team worked on the first version for two years. The platform was launched in early 2020 with a closed beta, and Pitch has been available on the market since October last year – not necessarily the worst time for a tool for digital collaboration and presentation. “We met with more interest than we expected,” says Christian Reber. Six months after the publication of Pitch, the new financing comes at a time when Pitch is growing rapidly and gaining momentum. To date, tens of thousands of teams have created 125,000 workspaces in Pitch, including top companies like Intercom, Superhuman and Notion.
“Our goal is to enable the best possible collaboration within teams in order to promote the most valuable ideas,” says Reber. This vision should be tackled with the fresh money.
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A new kind of platform
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Pitch’s ambitious plans are reflected in three planned expansions, which CEO Reber believes are “crucial”:
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Publishing and content platform: Pitch wants to develop its own platform for the publication and exchange of presentations and templates. The new content platform should enable users to discover content from creators and brands, as well as to share their own presentations and templates directly on public profile pages. In the coming weeks Pitch will activate the first pages for selected creators and open access for all users later in the year. Then there should also be categories such as business, product, design or marketing.
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Advanced analysis tools: Pitch wants to develop new integrated solutions to simplify the sharing of presentations and to make the success measurable. With the new functions, which are to be gradually introduced in the summer, Pitch enables secure distribution and more analysis options within the platform. It will be possible to get detailed insights into the range of a presentation and into the frequency of use and length of stay of certain slides. According to Reber, this applies not only to public presentations, but also within the teams. A good way to analyze which parts of a report people get stuck in for a particularly long time or which areas of a project attract a lot of attention.
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Recording and playback functions: Pitch wants to offer possibilities to highlight, record and play back presentations in any context. In addition to the slides, there are also sound and (moving) images of the presenter. These tools were developed for an increasingly automated, asynchronous working environment and are intended to ensure that presenters and addressees can contribute to an expanded range of meeting formats and team workflows. These new features are currently in beta and will be rolled out gradually over the coming months.
All in all, this is how it should come about, the YouTube for presentations. In any case, the investors are convinced. “The vision that Christian and the team have at Pitch is more than just a better alternative to traditional presentation software, ”says Stephen Nundy, partner at Lakestar. “A redesign of the entire presentation workflow is long overdue, and coupled with the ability to leverage new data and media integrations, Pitch will change the way stories are told significantly. I am very proud to be on the board of a European company that has a truly global opportunity in its sights. ” It sounds similar with John Curtius, Partner at Tiger Global: “We are incredibly impressed by the quality and vision of Pitch for the future. Pitch is developing a global productivity platform and we look forward to becoming investors in this particular company. “
Also interesting: the presentation startup Pitch relies on these tools
“Designed for everyone, made for teams” is Pitch’s slogan, which also outlines the fairly broad target group quite well. But Reber and his team also have a very specific idea of their roadmap. Pitch is currently focusing on small and medium-sized companies with teams of up to 200 people. In the next phases of the rollout, teams of up to 1,000 people are on the plan, after which there should be the enterprise version.
Pitch offers both free and paid plans for teams of all sizes. With Pitch Pro, teams unlock access to unlimited storage space, video uploads, version history and extended permissions for a reasonably manageable ten dollars per member per month.
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