Zendesk CEO Says Company Had Multiple VC Suitors
Zendesk CEO Mikkel Svane says he had five term sheets and countless VCs interested in funding his company, which makes a Web-based help desk service that cuts the cost of customer support. He ultimately chose Benchmark Capital, which led a $6 million Series B round with return backer Charles River Ventures. Benchmark partner Peter Fenton will join Zendesk's board, and the company is moving from Boston to San Francisco, its second move in just a few months. (Zendesk started in Copenhagen and relocated to Boston earlier this year). Svane says that he hadn't intended to seek funding so soon. Zendesk raised its first round in April, and he expected to hold off on new money until sometime next year.
17 August 2009•2 mins read
