Demodesk completed a $8M Series A funding round led by Balderton.

Demodesk, a Munich, Germany-based SAAS company, announced raising a $8 million series A capital investment round.

The funding was led by Balderton Capital, and included financial contributions from Target Global and Funders Club. Money will be used to scale the business, to further develop the technology, and hire more people.

Demodesk, founded in 2017 by Alex Popp and Veronika Riederle, developed a software solution used as an online meeting tool assists sales reps in real-time, automates scheduling and CRM logging, and providing related analytics. Anyone on the call can interact with the website or software being shared on the browser-based virtual display, as if the page was on their own screen.

The company has offices in Munich and San Francisco and employs 20 people supporting more than 150 customers across Europe and the US, including featuring Treatwell, Personio, and Forto.

Prior to this round, Demodesk raised $2.3 million and was part of Y Combinator Winter 2019. Previous investors include GFC, FundersClub, Kleiner Perkins, and angel investors.