Australian customer analytics startup Dovetail valued at $100mn

SYDNEY (Reuters) – Australian customer analytics startup Dovetail wants to almost triple its staff and open an office in the United States after a funding round that raised its valuation fivefold to over $100 million, its chief executive told Reuters. Benjamin Humphrey said Dovetail had raised A$5 million ($3.67 million) in its second round of seed funding completed in December to boost its team and the company’s US presence. Its software helps analyse unstructured customer research data such as zoom calls and transcripts. Dovetail first raised A$4 million in 2019, valuing the firm at close to A$30 million ($22 million), Humphrey said. ($1 = 1.3613 Australian dollars)(Reporting by Paulina Duran in Sydney; Editing by Tomasz Janowski)

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