That same year, Zendesk announced its first acquisition. In 2014, Zendesk filed an initial public offering and was valued at $1.7 billion. Zendesk introduced its first app marketplace for third-party Zendesk software in 2012. Revenues grew from $38 million in 2012 to $72 million in 2013. Although the company was not yet profitable, Zendesk's revenues grew five-fold from 2010 to 2012. As of 2011 half of Zendesk's customers were outside the United States. In 2017, Zendesk opened an office in Singapore. Zendesk grew internationally, and offices were established in Ireland, Denmark, and Australia. The city and county of San Francisco provided Zendesk with a six-year payroll tax incentive to move to the area in exchange for doing community service. Zendesk moved to larger offices in the Tenderloin neighborhood of San Francisco in 2011. That same year, Zendesk created its first sales team. Zendesk apologized, abandoned the pricing, and promised never to change pricing on pre-existing customers for features they already have. In 2010, many customers threatened to leave Zendesk in response to a substantial price increase after new features were introduced. This brought total venture capital funding to about $86 million. Zendesk raised $19 million in a series C funding round in December 2010, followed by $60 million in a series D funding round in 2012. The company raised $500,000 in seed funding, which was followed by a series A funding round for an undisclosed amount and a series B round for $6 million. About six months later, they made a second move, this time to San Francisco, California. In 2009 Zendesk moved to Boston, Massachusetts. Venture capital investors were willing to invest in Zendesk only if the company moved to the United States, where most of their customers were. Adoption accelerated in 2008, due to an increased interest in responding to customer complaints on social media and after Twitter started using Zendesk. Initially, interest in the software spread slowly through word-of-mouth predominantly among other startups. ![]() ![]() Within a couple months of the Zendesk software-as-a-service product being released in the fall of 2007, it had about 1,000 trial customers. Initially, Zendesk was funded by the cofounders with each doing consulting jobs to support their families. The founders started developing the Zendesk software in Svane's loft. Zendesk was founded in Copenhagen, Denmark in 2007 by three friends: Morten Primdahl, Alexander Aghassipour, and Mikkel Svane. On November 22, 2022, Zendesk announced that it had been acquired by a group of investors led by Hellman & Friedman and Permira for approximately $10.2 billion. Zendesk raised about $86 million in venture capital investments before going public in 2014. The company was founded in Copenhagen, Denmark, in 2007. It provides software-as-a-service products related to customer support, sales, and other customer communications. is a Danish-American company headquartered in San Francisco, California.
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