INSUBCONTINENT EXCLUSIVE:
Demodesk, an early-stage startup that wants to change how sales meetings are conducted online, announced a $2.3 million seed investment
today.Investors included GFC, FundersClub, Y Combinator, Kleiner Perkins and an unnamed group of angel investors
The company was a member of the Y Combinator Winter 2019 cohort.CEO and co-founder Veronika Riederle says that the fact it’s so closely
focused on sales separates it from other more general meeting tools like Zoom, WebEx or GoToMeeting
“We are building the first intelligent online meeting tool for customer-facing conversations
So that is for inside sales and customer service professionals,” Riederle explained.One of the key pieces of technology is what Riederle
calls “a unique approach to screen sharing.” Whereas most meeting software involves downloading software to use the tool, Demodesk
You simply click a link and you’re in
The two parties online are seeing a live screen and each can interact with it
It’s not just a show and tell.What’s more, in a sales scenario with a slide presentation, the customer sees the same live screen as the
salesperson, but while the salesperson can see their presentation notes, the customer cannot.She said while this could work for any number
of scenarios, from customer service to IT Help desks, at this stage in the company’s development she wants to concentrate on the sales
scenario, then expand the vision over time
The service works on a subscription model with tiered per user pricing starting at $19 per user, per month.When they got to Y Combinator,
the company already had a working product and paying customers, but Riederle says the experience has helped them grow the business to moew
“YC was extremely important for us because we immediately got access to an extremely valuable network of founders and potential customers,
and also just a base for us to really [develop] the business.Riederle founded the company with CTO Alex Popp in 2017 in Munich
Prior to this seed round, the founders mostly bootstrapped the company
With the $2.3 million, it should be able to hire more people and begin building out the product further, while investing in sales and
marketing to expand its customer base.
