Cloud

Cloud contact center Talkdesk raises $143 million at a $3 billion valuation


Talkdesk, a company that provides cloud-based contact center software for enterprises, has raised $143 million in a series C round of funding, taking the company’s valuation to more than $3 billion.

Founded out of Portugal in 2011, Talkdesk — which is now headquartered in San Francisco — is one of a number of companies that is striving to replace legacy contact center systems with an end-to-end cloud platform for accepting, managing, and routing customer service calls, with support for SMS, live chat, email, and social networks. It comes with additional tools and services such as virtual customer service agents and analytics. Talkdesk claims a number of big-name clients, including IBM, Dropbox, and Peloton.

The cloud-based contact center market was valued at around $13 billion in 2019, a figure that is touted to reach roughly $50 billion by 2025. However, due to the global pandemic, the market could be gearing up for even greater growth in the months and years ahead as companies are forced to enable customer service personnel to work remotely. This trend hasn’t been lost on investors — in the past two months alone, Talkdesk’s Paris-based rival Aircall raised $65 million, followed by Ujet which locked down $55 million in financing from big names including Alphabet’s GV.

Prior to now, Talkdesk had raised around $125 million in funding, and with a fresh $143 million in the bank, from investors including Franklin Templeton, Willoughby Capital, Skip Capital, and Lead Edge Capital, the company said that it’s well financed to capitalize on its recent momentum and and expand globally. More specifically, it said that it plans to invest in R&D, sales, and marketing.

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