Funding round
Talkdesk Series D
Talkdesk, which works in customer experience automation platform development in Covina, raised $230M in a Series D round announced on 12 Aug 2021, led by Whale Rock Capital Management, Transpose Platform and Alpha Square Group, at a $10.00B post-money valuation. 8 firms took part, 5 of them already investors. It is Talkdesk's fifth venture round on record; the one before was a Series C in Jul 2020.
$230M
Amount raised
$10.00B
Post-money valuation
8
Investors
3 leads
3.3x
Step-up from the Series C
$3.00B in Jul 2020
2.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Talkdesk at $10.00B after the new money, 3.3 times the $3.00B of its Series C (Jul 2020). The $230M bought investors about 2.3% of the company. It came 13 months after Talkdesk's Series C. It is 47% of the $491M Talkdesk has raised in the venture rounds on record. No later venture round is on record for Talkdesk.
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 23 Jul 2020 $143M$3.00B post-money
- Series D this round 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
Whale Rock Capital Management, Transpose Platform and Alpha Square Group led the round with 5 other firms. Amity Ventures, Franklin Templeton, Top Tier Capital Partners and Viking Global and 1 more had backed Talkdesk before.
Lead investors
- Whale Rock Capital Management new investor
- backs 55 venture-backed companies new investor
- backs 11 venture-backed companies new investor
Also in the round
- backs 30 venture-backed companies existing investor
- Franklin Templeton existing investor
- Top Tier Capital Partners existing investor
- backs 54 venture-backed companies existing investor
- Willoughby Capital 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
242 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.3 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| RingCentral Tech Companies | 1 Aug 2021 | $450M | $7.75B | Arena Holdings and Altimeter |
| Postman Tech Companies | 18 Aug 2021 | $225M | $5.60B | Insight Partners |
| Tech Companies | 17 Aug 2021 | $162M | $2.70B | DST Global |
| Tech Companies | 17 Aug 2021 | $130M | $1.50B | Insight Partners |
| Tech Companies | 16 Aug 2021 | $120M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 4 Aug 2021 | $100M | $1.80B | Permira |
| Tech Companies | 11 Aug 2021 | $100M | $1.10B | Akkadian Venture Capital and Mubadala Capital |
| Tech Companies | 25 Aug 2021 | $78M | not disclosed | G2 Venture Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Talkdesk raise in its Series D round?
Talkdesk raised $230M in its Series D round, announced in Aug 2021.
Who led Talkdesk's Series D round?
Whale Rock Capital Management, Transpose Platform and Alpha Square Group led it, with Amity Ventures, Franklin Templeton, Top Tier Capital Partners, Viking Global and Willoughby Capital.
What was Talkdesk's valuation at the Series D round?
$10.00B post-money.
How does it compare with other Series D rounds in Tech Companies?
242 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.3 times the median.