Total amount raised
$49.6 Millions
Latest funding date
1/1/2022
Location
Scratchpad has successfully raised funds through multiple rounds, with the most recent being a Series B round.
Keep reading to explore the intricacies of Scratchpad's fundraising journey and the investors backing this innovative platform.
What Is Scratchpad?
Scratchpad, founded in 2019 by Cyrus Karbassiyoon and Pouyan Salehi, is based in San Francisco, California. The company offers a productivity workspace designed specifically for sales professionals.
Scratchpad's platform integrates seamlessly with Salesforce, allowing users to update records, take notes, and manage daily tasks with fewer clicks and less hassle. This innovative tool aims to streamline the workflow of sales teams, enhancing efficiency and reducing administrative burdens.
With a small but dedicated team of 1-10 employees, Scratchpad continues to innovate and provide valuable solutions to sales professionals looking to optimize their daily operations.
How Much Funding Has Scratchpad Raised?
- Seed Round
- Amount Raised: $3.6M
- Date: October 2020
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch the initial product offerings.
- Series A
- Amount Raised: $13M
- Date: February 2021
- Lead Investors: Craft Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of Scratchpad's product offerings.
- Series B
- Amount Raised: $33M
- Date: January 2022
- Lead Investors: Craft Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and expand Scratchpad's Revenue Team Workspace software platform.
Total Amount Raised: $49.6M. Current Valuation: Not publicly disclosed.
Key Investors
- Craft Ventures
- Details: Craft Ventures is a venture capital firm co-founded by David Sacks, a notable figure in the tech industry. The firm led Scratchpad's Series B funding round.
- Investment Focus Areas: SaaS, marketplaces, consumer technology.
- Notable Investments: Slack, Bird, SpaceX.
- Accel
- Details: Accel is a global venture capital firm with a history of investing in successful technology companies. They have been involved in multiple funding rounds for Scratchpad.
- Investment Focus Areas: Software, internet, digital media.
- Notable Investments: Facebook, Dropbox, Spotify.
What's Next for Scratchpad?
Scratchpad stands at the cusp of significant growth opportunities, driven by the increasing demand for integrated sales tools. With a user base already in the tens of thousands, the potential for expansion is vast. The company aims to enhance its platform further, integrating more features and tools to streamline sales processes.
Future fundraising appears promising, given the successful Series B round. As Scratchpad continues to grow, additional funding rounds could help scale operations and develop new features. However, the company may face challenges such as competition from other sales management tools and ensuring seamless integration with various platforms.
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