Our Investment in Peakon: insights to enable everyone to reach their full potential
Five years ago, four friends and entrepreneurs with a track record of building some of Europe’s most successful technology startups from Songkick to Podio and Qype came together. Two Danes, Kasper Hulthin and Christian Holm, and two Brits, Phil Chambers and Dan Rogers, believed there was a problem tech hadn’t yet solved.
Employees are a company’s most important asset and in most developed economies, firms spend 60% of costs on people. Yet, they rarely put any budget towards measuring and analyzing employee sentiment and productivity and improving retention. As a result, most companies only check in with employees once a year at most, and employees feel that feedback is never acted upon. Managers have no way to make evidence-based and data-driven decisions to help employees reach their full potential.
That’s why the four friends founded Peakon, with the mission of impacting the world’s productivity and happiness by using data to create meaningful understanding between employees and their companies.
At Atomico, we believe that the most important long term investment a company can make is to hire, develop and retain talent, and to learn continuously through feedback and data. That’s why we’re proud to announce our partnership with Peakon, who are building the world’s leading employee retention platform.
Peakon is one of the top 25 fastest growing SaaS companies. They let managers collect employee feedback through quick, frequent surveys. Managers and employees can then track that data on a simple, anonymous platform. What is perhaps most interesting about Peakon is that they standardise nearly 100% of questions across the platform. That has helped Peakon build the world’s largest, real-time database of employee voices (30m data points and counting).
Because the surveys are both fast and frequent, Peakon helps you not only spot productivity trends and management issues among your team over time, but critically can also predict which employees are in danger of leaving months before they decide to do so (i.e in plenty of time for management to prevent this from happening).
Peakon has already helped 700+ enterprise clients such as Capgemini, Verizon, BMW, TrustPilot, Harrods and easyJet make quantifiable improvements to employee engagement, retention, and team effectiveness.
Atomico is proud to announce our Partnership with Peakon, and excited to welcome Christian, Dan, Kasper, and Phil and their team to the Atomico family. Mattias Ljungman, Partner at Atomico, will join the Peakon board.