$1.5B Valuation Abandoned as Listen Labs Eyes Potential $2B Salesforce Deal

Listen Labs, an AI customer-research startup, has abandoned a signed financing deal that valued it at $1.5 billion. The company had reportedly signed a term sheet for a $125 million Series C round with Menlo Ventures leading the investment.

The decision to walk away from the deal comes as Salesforce explores buying Listen Labs for around $2 billion, potentially quadrupling its valuation in less than eight months.

Listen Labs' recent growth has been impressive, with annualized revenue reaching approximately $30 million. At a $2 billion transaction value, this would imply a multiple of roughly 66.7 times annualized revenue.