Funding round
Talkdesk Series A
Talkdesk, which works in customer experience automation platform development in Covina, raised $15M in a Series A round announced on 9 Jun 2015, led by dfj, at a $155M post-money valuation. 2 firms took part, 1 of them already investors. It is Talkdesk's second venture round on record; the one before was a Seed in Sep 2014.
$15M
Amount raised
$155M
Post-money valuation
2
Investors
1 lead
9.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Talkdesk at $155M after the new money. The $15M bought investors about 9.7% of the company. It came 9 months after Talkdesk's Seed. It is 3.1% of the $491M Talkdesk has raised in the venture rounds on record. Talkdesk raised again 40 months later: a Series B round of $100M in Oct 2018, at $1.00B post-money.
Talkdesk's funding rounds
Talkdesk has 5 venture rounds on record. This one is highlighted.
- Seed 1 Sep 2014, led by Storm Ventures $3.1M
- Series A this round 9 Jun 2015, led by dfj $15M$155M post-money
- Series B 3 Oct 2018, led by Viking Global $100M$1.00B post-money
- Series C 23 Jul 2020 $143M$3.00B post-money
- Series D 12 Aug 2021, led by Whale Rock Capital Management, Transpose Platform and Alpha Square Group $230M$10.00B post-money
Investors
Who put money in
dfj led the round with 1 other firm. Storm Ventures had backed Talkdesk before.
Lead investor
- backs 52 venture-backed companies new investor
Also in the round
- backs 68 venture-backed companies existing investor
Joined the board: Josh Stein (DFJ).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
395 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.5M, and this round was 2.3 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 2 Jun 2015 | $35M | not disclosed | Carrick Capital Partners |
| Tech Companies | 23 Jun 2015 | $15M | not disclosed | Andreessen Horowitz |
| Tech Companies | 1 Jun 2015 | $13M | not disclosed | Founders Fund |
| Tech Companies | 30 Jun 2015 | $12M | not disclosed | August Capital |
| Tech Companies | 25 Jun 2015 | $12M | not disclosed | GV and SoftBank Capital |
| Tech Companies | 9 Jun 2015 | $10M | not disclosed | Mayfield and Nexus Venture Partners |
| Tech Companies | 18 Jun 2015 | $10M | not disclosed | Spark Capital and Foundry |
| Tech Companies | 1 Jun 2015 | $9.0M | not disclosed | Innovation Endeavors and Finistere Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Talkdesk raise in its Series A round?
Talkdesk raised $15M in its Series A round, announced in Jun 2015.
Who led Talkdesk's Series A round?
dfj led it, with Storm Ventures.
What was Talkdesk's valuation at the Series A round?
$155M post-money.
How does it compare with other Series A rounds in Tech Companies?
395 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.5M, and this round was 2.3 times the median.
Did Talkdesk raise again after this round?
Yes: a Series B round in Oct 2018 of $100M at $1.00B post-money.