Nexthink becomes a Unicorn with $180M Series D

Nexthink, the Swiss tech company that provides unique End-user IT analytics, was Forestay Capital’s first investment, back in 2016. Since that first investment, Forestay has continued to believe in – and back – the company, taking part in a further three financing rounds, investing alongside previous investment partners Index Ventures (first invested 2019) and Highland Europe (first invested 2016).

During 2020, Nexthink continued its “hypergrowth”, adding 180 customers and reaching 1,000 worldwide, including 200 of the Global 2000. To service this growth, the company now employs nearly 700 people and is in the process of further gearing-up to reach 900 by the end of this year.

And now, Nexthink has closed a $180 million Series D financing round, which values the company at $1.1 billion, some ten-fold increase from 2016, making it Forestay’s first unicorn investment.

The press release announcing Nexthink’s Series D deal is here, while an article covering the news from TechCrunch is here.