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EPFL spin-off Nexthink becomes the latest Swiss unicorn

Thanks to a new financing round of $180 million, the Lausanne-based publisher of enterprise IT asset management software Nexthink is valued at $1.1 billion.

Nexthink offices in Prilly
Nexthink provides corporate IT departments with the most comprehensive employee digital experience management solution on the market.

Nexthink, a leader in driving the digital employee experience (DEX), announced that it has completed a new $180 million Series D financing round led by the Permira Growth Opportunities investment fund and its historical investors, Highland Europe and Index Ventures.

This new financing values the company at $1.1 billion, making Nexthink the new unicorn in the canton of Vaud, following in the footsteps of Mindmaze. This new round of financing will contribute to the technological development of the platform and accelerate Nexthink's international expansion, especially in the United States.

"The development of remote working has considerably reinforced the need for companies to optimize the digital experience of their employees, as the vast majority of business interactions are now virtual," says Pedro Bados, CEO and co-founder of Nexthink.

An EPFL spin-off boasting outstanding growth

Nexthink also announces the appointment of Bruce Chizen, former CEO of Adobe, and Operating Partner at Permira Growth Opportunities, to its board of directors.

“Nexthink has experienced exceptional growth over the past few years," says Chizen. "With the accelerated development of remote or hybrid Digital Workplaces, the digital experience is becoming strategic in companies and a key element in satisfying teams.”

Based in Prilly in the canton of Vaud and an EPFL spin-off, Nexthink currently employs around 700 people worldwide and plans to reach 900 by the end of 2021. The company intends to massively recruit new talent, primarily in Europe, India and the United States.

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