Demodesk Raises $8M in Funding

CTO Alex Popp and CEO Veronika Riederle

Demodesk, a Munich, Germany-based online sales and customer meeting startup, raised $8m in funding.

The round – which broguth the total raised to date to $10.3m since 2017 – was led by Balderton Capital with participation from Target Global and Funders Club.

The company intends to use the funds to further develop its technology, scale its operations and hire new talent. 

Led by CEO Veronika Riederle and CTO Alex Popp, Demodesk has built an intelligent online meeting tool for inside sales and customer service teams to automate scheduling and CRM logging and access to analytics.
The tool offers a web-based virtual display –  entirely independent from the presenter’s local desktop. It works with any device, without lag, and requires no downloads or regular software updates to operate.
Anyone on the call can interact with the website or software being shared on this virtual display, as if the page was on their own screen. For sales teams, Demodesk automatically loads the right slides and websites ahead of the meeting, provides real-time conversational guidance along with playbooks – all designed to help sales reps be as efficient and effective as possible. For customer service teams, the tool enables reps to instantly share mouse and keyboard control and collaboratively work with customers.

The company has more than 150 customers across Europe and the US – including Treatwell, Personio, and Forto. The team is located in offices in Munich and San Francisco, plus remote workers.

Demodesk was a member of the Y Combinator Winter 2019 cohort and previous investors include GFC, FundersClub, Kleiner Perkins and angel investors. 



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