Munich-based startup Demodesk raises $2.3 million in its seed funding round. Investors include Y Combinator, venture capital firm Kleiner Perkins, business angel group Funders Club, and the Samwer fund Global Founders Capital.
On the Startup Safari Founder Veronika Riederle reported visibly proudly in a session that her company had just completed seed financing and raised over two million dollars. Demo desk was founded in Munich in 2017 by Veronika Riederle together with Alex Popp. The young company had previously developed its screen-sharing platform for virtual customer interaction largely self-financed. The virtual display is presented in the cloud and, in combination with a video and telephone conferencing system, as well as calendar and CRM systems, is a tool for digital sales and customer support.
This year, Demodesk was part of the Y-Combinator accelerator. This was an important step for financing, as the American funding program, along with the American business angel group Funders Club, the VC firm Kleiner Perkins, and the Samwer fund Global Founders Capital, invested $2.3 million in Demodesk. Private investors are also participating, including Hanno Renner, founder and CEO of Personio, and Egym-Founder Philipp Rösch-Schlanderer, as reported by the magazine Wirtschaftswoche.
Y-Combinator plays a key role in Demodesk's seed funding
The startup, with its team of over ten people, is currently based in San Francisco and Munich. Thanks in part to the accelerator's network, the Munich-based company has expanded its customer base to over 100. So what will happen with the seed funding now?
“We will fuel our product development and build our solution in close collaboration with our customers.”
– explains Demodesk on its Linkedin page regarding financing
