![]() Scratchpad also announced today that David Sacks, founding COO of PayPal, founder/CEO of Yammer and founder/general partner at Craft Ventures will be joining the company’s Board of Directors. This round follows a $3.6 million seed round led by Accel, with participation from Sound Ventures, Rahul Vohra (founder of Superhuman), Todd Goldberg (founder of Eventjoy), and other prominent angel investors. The new funding will support the company’s rapid growth as it enters its next phase of maturation. 03, 2021 (GLOBE NEWSWIRE) - Scratchpad, Inc., pioneer and leader of the workspace for revenue teams, today announced it has secured $13 million in Series A funding led by Craft Ventures, with participation from Accel. Scratchpad counts among its investors Superhuman founder Rahul Vohra, Eventjoy founder Todd Goldberg, and Sound Ventures, the VC firm co-founded by Ashton Kutche r, as well as other backers.Breakthrough Revenue Team Workspace Improves Sales Performance and Efficiency David Sacks of Craft Ventures Joins Board Early Customers Include Autodesk, Brex, Lacework, Segment, Sendoso, Snowflake, Talkdesk, Twilio, and Udemy ![]() The company last raised a $3 million seed round led by Accel. “I think the thing I remembered the most about the initial call was that the retention numbers were incredible,” Loughlin said.Īlong with the new funding, Craft Ventures founder David Sacks, who is also the founding COO of PayPal and co-founder of Yammer, will join Scratchpad’s board of directors. That focus evidently paid off, according to Accel partner Steve Loughlin. 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 currently has a team of 11 people and will likely double or triple its headcount by the end of the year, 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. “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. It connects to Salesforce 1 and provides an interface where sales professionals can keep all their notes, process workflows, spreadsheets and tasks. Scratchpad can be installed as a Google Chrome plugin or as a web application. 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. 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. “It’s a space we know well, it’s a problem we know well,” Salehi said. The pair most recently co-founded PersistIQ, a startup focused on outbound sales. Ĭo-founders Pouyan Salehi and Cyrus Karbassiyoon started the company after they previously built products for the sales space. Scratchpad, a startup building a more intuitive workspace for sales teams, raised $13 million in a Series A round led by Craft Ventures.
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