Listen Labs Abandons $125M Funding Round, Remains in Preliminary Acquisition Talks

Listen Labs, an AI customer-research company, recently abandoned a $125 million Series C term sheet at a $1.5 billion valuation.

The startup had also been in talks with Salesforce about a possible acquisition for around $2 billion, but those discussions remain preliminary and may not lead to a completed purchase.

Listen Labs has annualized revenue of around $30 million, which would put the potential acquisition price at approximately 67 times that amount.

This valuation gap is substantial, with the acquisition figure standing about one-third above the financing valuation. The startup could be left with neither a buyer nor the $125 million round it had negotiated if the Salesforce discussions end without an agreement.