Craft Ventures, an existing investor, led the preemptive round, with Accel participating. Scratchpad’s Revenue Team Workspace has quickly become the gold standard for software that keeps salespeople happy while helping revenue teams create more. SCRATCHPAD 13M SERIES CRAFT VENTURESSAWERSVENTUREBEAT SOFTWARE Scratchpad has gained tens of thousands of users (salespeople) and thousands of businesses in the last year, including Algolia, Allstate, Chilipiper, Ironclad, Pitchbook, Quora, Sendoso, Segment, Talkdesk, Twilio, Udemy, Upwork, Vanta, Vidyard, and others. “When you’re on the board and see a company keeps beating its forecasts, you have to be a little dense not to ask if you can invest more.” David Sacks, co-founder and general partner at Craft Ventures Scratchpad has been used by these companies to manage their sales pipelines, take and share notes, work on to-do lists, forecast with their management, make team handoffs easier, and collaborate more effectively with their revenue teams. “We didn’t need to think twice: Craft has been an incredible partner since leading our Series A round a year ago, and we welcomed the opportunity to go bigger together. We’ve developed real trust and alignment such that the process for this round transpired over three text messages. We’re excited to deepen our partnership as we continue to build the first revenue team workspace and cement our leadership in this rapidly growing category. SCRATCHPAD 13M SERIES CRAFT VENTURESSAWERSVENTUREBEAT HOW TOįreelance Writers: How To Pitch Crunchbase News. Scratchpad, a startup building a more intuitive workspace for sales teams, raised $13 million in a Series A round led by Craft Ventures. Ĭo-founders Pouyan Salehi and Cyrus Karbassiyoon started the company after they previously built products for the sales space. The pair most recently co-founded PersistIQ, a startup focused on outbound sales. “It’s a space we know well, it’s a problem we know well,” Salehi said. We sat down with a handful of sales teams and shadowed individual account executives.” “But a lot of folks, even us for years, overlooked the (account executive) experience. Part of the problem is the disjointed way account executives tend to work, with their collaboration workspace consisting of Google docs, notes, spreadsheets, calendars and other tabs all separate from their customer relationship management system. Scratchpad can be installed as a Google Chrome plugin or as a web application. It connects to Salesforce 1 and provides an interface where sales professionals can keep all their notes, process workflows, spreadsheets and tasks. “Our view is that there’s an entire workspace layer that lives on top of the database, which is Salesforce, which can be really meaningful,” Salehi said. The company has thousands of weekly active users across hundreds of companies, according to Salehi, and the new funding will be used to make the product better and faster. Scratchpad currently has a team of 11 people and will likely double or triple its headcount by the end of the year, Salehi said. When Scratchpad was first rolling out its product, retention was the focus, Salehi said, because when account executives find a sales tool that works, they tend to stick with it. SCRATCHPAD 13M SERIES CRAFT VENTURESSAWERSVENTUREBEAT SOFTWARE.SCRATCHPAD 13M SERIES CRAFT VENTURESSAWERSVENTUREBEAT HOW TO.
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