Pitch in a $85 million Series B funding led by Target Global and Lakestar.

Pitch, a Berlin, Germany-based software startup, announced securing funding in a total of $85 million.

The money was raised from investors led by Lakestar together with Tiger Global, joined by existing shareholders Index Ventures and Thrive Capital. As part of the deal, Stephen Nundy from Lakestar will join the Pitch board.

Pitch, founded in 2018 by CEO Christian Reber, develops a software tool aiming to become a cloud-based alternative to PowerPoint presentations. The tool focuses on the standard 2021 software USPs, namely fast, real-time collaboration, human-centric design features, and smart workflows. The company says that Pitch is currently in use by tens of thousands of teams creating some 125,000 workspaces on the platform, with accounts including Intercom, Superhuman and Notion.

Pitch previously raised $19m investment in a round backed by Index Ventures, and was pre-seeded in 2018 with €3M by Blueyard Capital.