US and Germany based startup Demodesk, which revolutionizes customer meetings and online sales announced on 3rd September, 2020, that it has secured €6.7 million in a financing round. This round was led by Balderton Capital.
The latest investment by Balderton in participation with FundersClub and Target Global, brings the total funding raised by Demodesk to around €8.7 million since its incorporation. The company said they will utilize the funds for further development of the startup by adopting market leading technology, recruit the best new talent and scale its operations.
Incorporated in the year 2017 by CEO Veronika Riederle and CTO Alex Poop, the team of Demodesk is based in offices in Munich and San Francisco. The company claims to have a vision to enable customer conversations to make the most out of every online interaction.
Having found a scalable solution to the clunky, often frustrating and limited screen-sharing tools available in regular video and conference calls, Demodesk claims to develop the world’s first intelligent online meeting tool for customer service department and inside sales teams. This will help the departments focusing on customers to make more deals faster.
The Munich based startup, Demodesk was also a member of the Y Combinator Winter 2019 cohort. Its previous investors include FundersClub, GFC, Kleiner Perkins and angel investors.
Demodesk’s online meeting tool automates CRM logging and scheduling, provides next level analytics and assists sales reps in real-time. On the other hand, traditional tools just record a video of the presenter’s local desktop screen. The company also offers a 100 per cent web-based virtual display which is entirely independent from the presenter’s local desktop. This disruptive technology makes sales demos truly multi-player rather than one-way presentations.
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