Funding round
Talkdesk Series C
Talkdesk, which works in customer experience automation platform development in Covina, raised $143M in a Series C round announced on 23 Jul 2020, at a $3.00B post-money valuation. 7 firms took part, 3 of them already investors. It is Talkdesk's fourth venture round on record; the one before was a Series B in Oct 2018.
$143M
Amount raised
$3.00B
Post-money valuation
7
Investors
no lead named
3.0x
Step-up from the Series B
$1.00B in Oct 2018
4.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Talkdesk at $3.00B after the new money, 3.0 times the $1.00B of its Series B (Oct 2018). The $143M bought investors about 4.8% of the company. It came 21 months after Talkdesk's Series B. It is 29% of the $491M Talkdesk has raised in the venture rounds on record. Talkdesk raised again 13 months later: a Series D round of $230M in Aug 2021, at $10.00B 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 3 Oct 2018, led by Viking Global $100M$1.00B post-money
- Series C this round 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
7 firms took part; no lead investor was named.
Investors
- Franklin Templeton existing investor
- Willoughby Capital new investor
- backs 30 venture-backed companies new investor
- Lead Edge Capital new investor
- Top Tier Capital Partners new investor
- backs 54 venture-backed companies existing investor
- backs 60 venture-backed companies existing 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
352 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.9 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 14 Jul 2020 | $65M | not disclosed | Apax Partners |
| Quantexa Tech Companies | 23 Jul 2020 | $65M | not disclosed | Evolution Equity Partners |
| Tech Companies | 28 Jul 2020 | $50M | not disclosed | Ontario Teachers’ Pension Plan |
| Tech Companies | 7 Jul 2020 | $50M | not disclosed | Insight Partners and Vertex Ventures |
| Tech Companies | 15 Jul 2020 | $42M | not disclosed | Neue Capital and coparion |
| Tech Companies | 22 Jul 2020 | $40M | not disclosed | Crédit Mutuel Innovation |
| Tech Companies | 20 Jul 2020 | $37M | not disclosed | Globis Capital Partners |
| Tech Companies | 1 Jul 2020 | $35M | not disclosed | Camber Creek and Polaris Partners |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Talkdesk raise in its Series C round?
Talkdesk raised $143M in its Series C round, announced in Jul 2020.
Which investors took part in Talkdesk's Series C round?
Franklin Templeton, Willoughby Capital, Skip Capital, Lead Edge Capital, Top Tier Capital Partners and Viking Global and 1 more.
What was Talkdesk's valuation at the Series C round?
$3.00B post-money.
How does it compare with other Series C rounds in Tech Companies?
352 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.9 times the median.
Did Talkdesk raise again after this round?
Yes: a Series D round in Aug 2021 of $230M at $10.00B post-money.