Zendesk

Zendesk

Cloud-based customer service platform. Learn more

Launch date
Employees
Market cap
CAD13.1b
Enterprise valuation
CAD13.1b (Public information from Nov 2022)
San Francisco California (HQ), Copenhagen Capital Region of Denmark (founding location)
Corporate Venture Fund: Zendesk Ventures

Financials

Estimates*

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Revenues, earnings & profits over time
USD2017201820192020202120222023
Revenues430m599m816m1.0b1.3b1.7b2.1b
% growth-39 %36 %26 %30 %27 %25 %
EBITDA14.0m40.0m65.0m114m138m173m244m
% EBITDA margin3 %7 %8 %11 %10 %10 %12 %
Profit(111m)(131m)(170m)(218m)(224m)(225m)(219m)
% profit margin(26 %)(22 %)(21 %)(21 %)(17 %)(13 %)(10 %)
EV / revenue7.4x10.5x10.7x16.3x9.4x8.3x-
EV / EBITDA227.7x157.0x133.9x147.3x91.4x81.1x-
R&D budget114m149m197m----
R&D % of revenue27 %25 %24 %----

Source: Dealroom estimates

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DateInvestorsAmountRound
-

N/A

-

$500k

Seed

N/A

Series A

N/A

Series A

$6.0m

Series B

$19.0m

Series C

$60.0m

Series D
N/A

$100m

Valuation: $632m

IPO
N/A

N/A

-
*

$10.2b

Valuation: $10.2b

7.6x EV/LTM Revenues

73.9x EV/LTM EBITDA

Buyout
Total FundingCAD117m

Recent News about Zendesk

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More about Zendeskinfo icon
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Zendesk, accessible via zendesk.com, is a service-first Customer Relationship Management (CRM) company that develops robust and adaptable software solutions tailored to the needs of businesses across various industries. The company's primary focus is on enhancing customer service operations, making it easier for organizations to manage and optimize their customer support workflows.

Zendesk serves a diverse range of clients, from small startups to large enterprises, including well-known names like The New York Times. The company operates in the customer service and support market, which is a crucial segment of the broader CRM industry. This market is characterized by the need for efficient and effective customer interaction management, which is essential for maintaining customer satisfaction and loyalty.

The business model of Zendesk revolves around a subscription-based service. Clients pay a recurring fee to access Zendesk's suite of tools, which include features like ticketing systems, live chat, and analytics. These tools help businesses streamline their customer service processes, capture essential information, and ensure timely responses to customer inquiries. Additionally, Zendesk offers training and certification programs to help users maximize the benefits of their software.

Zendesk generates revenue primarily through these subscription fees. The company offers various pricing tiers, allowing businesses of all sizes to find a plan that fits their needs and budget. This scalable approach ensures that Zendesk can cater to a wide range of clients, from small businesses looking for basic support tools to large enterprises requiring advanced features and customization.

In summary, Zendesk is a key player in the customer service and support market, providing flexible and powerful CRM software to businesses of all sizes. Its subscription-based model ensures a steady revenue stream, while its comprehensive suite of tools helps clients optimize their customer service operations.

Keywords: CRM, customer service, support software, subscription-based, ticketing system, live chat, analytics, workflow optimization, training, certification.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.
Investments analysisEdit
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Base
ACQUISITION by Zendesk Sep 2018
BIME Analytics
ACQUISITION by Zendesk Oct 2015
Zopim
ACQUISITION by Zendesk Apr 2014
Outbound
ACQUISITION by Zendesk May 2017
ultimate.ai
ACQUISITION by Zendesk Mar 2024
Klaus
ACQUISITION by Zendesk Jan 2024
Cleverly
ACQUISITION by Zendesk Aug 2021
View 7 more