Funding round
Talkdesk Series B
Talkdesk, which works in customer experience automation platform development in Covina, raised $100M in a Series B round announced on 3 Oct 2018, led by Viking Global, at a $1.00B post-money valuation. 2 firms took part. It is Talkdesk's third venture round on record; the one before was a Series A in Jun 2015.
$100M
Amount raised
$1.00B
Post-money valuation
2
Investors
1 lead
6.5x
Step-up from the Series A
$155M in Jun 2015
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Talkdesk at $1.00B after the new money, 6.5 times the $155M of its Series A (Jun 2015). The $100M bought investors about 10% of the company. It came 40 months after Talkdesk's Series A. It is 20% of the $491M Talkdesk has raised in the venture rounds on record. Talkdesk raised again 21 months later: a Series C round of $143M in Jul 2020, at $3.00B 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 9 Jun 2015, led by dfj $15M$155M post-money
- Series B this round 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
Viking Global led the round with 1 other firm.
Lead investor
- backs 54 venture-backed companies new investor
Also in the round
- backs 52 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
469 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 5.0 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 24 Oct 2018 | $48M | not disclosed | Next47 |
| Tomorrow.io Tech Companies | 4 Oct 2018 | $45M | not disclosed | Clearvision Ventures |
| Tech Companies | 23 Oct 2018 | $43M | $200M | Menlo Ventures |
| Tech Companies | 30 Oct 2018 | $35M | $175M | Lightspeed Venture Partners |
| Tech Companies | 7 Oct 2018 | $31M | not disclosed | Atomico |
| Tech Companies | 15 Oct 2018 | $30M | not disclosed | Dawn Capital |
| Tech Companies | 23 Oct 2018 | $30M | not disclosed | Andreessen Horowitz |
| Tech Companies | 30 Oct 2018 | $25M | not disclosed | Tenaya Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Talkdesk raise in its Series B round?
Talkdesk raised $100M in its Series B round, announced in Oct 2018.
Who led Talkdesk's Series B round?
Viking Global led it, with dfj.
What was Talkdesk's valuation at the Series B round?
$1.00B post-money.
How does it compare with other Series B rounds in Tech Companies?
469 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 5.0 times the median.
Did Talkdesk raise again after this round?
Yes: a Series C round in Jul 2020 of $143M at $3.00B post-money.