YC-backed Demodesk Secures $2.3M to Revolutionize Online Meetings

Demodesk, a YC-backed startup building the first intelligent online meeting tool for inside sales & customer service teams, is announcing their $2.3M Seed Funding Round from GFC, FundersClub, Y Combinator, Kleiner Perkins and a set of angel investors
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* Saas

* Software

* San Francisco - California - US

SAN FRANCISCO - Oct. 24, 2019 - PRLog -- Demodesk was founded with the vision to enable anyone having a great customer conversation using a new kind of web conferencing technology. What differentiates them from existing tools is their unique approach to screen sharing by setting up a 100% web-based virtual display, that anyone can access by just clicking a link. The software can automatically load the right presentation content at the meeting start, provide real-time conversational guidance on the sales rep's side without the customer seeing it and have significantly more data to analyze.

Demodesk is helping inside sales and customer success teams close more deals faster with a holistic online meeting solution. Inside sales is a huge and rapidly growing field. Out of 6 million professional sales people in the U.S., inside sales jobs already account for 50% today (https://www.forbes.com/sites/kenkrogue/2017/09/26/new-sales-trend-research-us-sales-reps-lagging-behind-european-counterparts/#13c02e36632f). Even though the average U.S. company utilized 6 sales technology solutions in 2017, the web conferencing tools that are being used in inside sales today are purely functional.

"(...) On average, it takes 6 months to onboard new reps and only 50-60% constantly attain quotas. With their new approach to web conferencing, Demodesk is on a very good way towards solving that problem for sales teams."
Steli Efti, Founder & CEO of Close.com and advisor of Demodesk

Today, over 100 international customers are using Demodesk for their demos, closing calls and onboarding sessions. Most of them are fast-growing B2B SaaS companies. The results they see from using Demodesk are amongst others a significant reduction of meeting no-shows, an increase in demo conversion rates by up to 25% and saving each user up to 1h/day by automating repetitive tasks like scheduling, meeting preparation and CRM logging.

Demodesk was founded late 2017 by Alex Popp and Veronika Riederle. They bootstrapped the company until they got financed by Silicon Valley based accelerator Y Combinator beginning of 2019. Today, the company is located in San Francisco and Munich and counts 12 people.

The capital will be used to further build the product in close collaboration with their customers and support them in scaling and accelerating their sales and customer success teams. They'll be expanding the team in both Munich and Francisco and are looking for ambitious developers, sales and marketing managers.

Besides Y Combinator, GFC, FundersClub and Kleiner Perkins, angel investors include Immad Akhund (CEO of Mercury), Jude Gomila (CEO of Golden), Alex MacCaw (CEO of Clearbit), Brad Flora (YC angel), Hanno Renner (CEO of Personio) and Philipp Rösch-Schlanderer (CEO of eGym).

Location:San Francisco - California - United States
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