# Scratchpad

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/scratchpad

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.scratchpad.com
- Total disclosed funding: $50M
- Latest round: Series B (Jan 25, 2022)
- Investors on record: 4

## About

Based in the US, Scratchpad, Inc. develops solutions that enhance sales team productivity through an AI-integrated platform, enabling seamless management of deal data and reducing administrative burdens for sales representatives.Founded in 2019, Scratchpad, Inc. is headquartered in San Francisco, US, and specializes in streamlining sales processes. The company was founded by Cyrus Karbassiyoon, Pouyan Salehi, and Pranesh Bajikar, with Pouyan Salehi currently serving as CEO. Scratchpad has successfully closed three funding deals, with the latest being a Series B round on January 25, 2022, where they raised USD 33.00 mn led by Craft Ventures and supported by Accel. The total amount raised to date stands at USD 33.00 mn, with a current valuation of USD 267.322 mn.Scratchpad offers an innovative solution designed to enhance sales team productivity and efficiency by integrating artificial intelligence into their sales processes. The core product provides a streamlined interface that connects seamlessly with Salesforce, enabling sales representatives to easily manage deal data, reduce administrative tasks, and focus on selling. By automating updates related to sales calls, next steps, close dates, and amounts, Scratchpad significantly improves data hygiene and process adherence within CRM systems. Its services are designed for sales teams across various industries, with a notable client base that includes companies like Bill.com, Crunchbase, and Cognism. Scratchpad's solutions are marketed primarily in North America and Europe, addressing the needs of organizations that require accurate forecasting and enhanced visibility into sales operations.Scratchpad's revenue model primarily revolves around subscription-based pricing, where customers pay for access to its AI-powered sales execution tools. As clients engage with the platform, they can choose from multiple pricing tiers that cater to different organizational needs, ensuring scalability as companies grow. The structure of transactions involves direct B2B relationships, with sales teams subscribing to the service for a set period and gaining access to features that improve their workflow and data management. Revenue is generated from these subscriptions, with clients benefiting from enhanced sales processes and accurate data entry, leading to improved sales performance and forecasting accuracy. The company's emphasis on delivering value through process adherence and pipeline hygiene further supports its position in the market as a preferred choice for sales teams.Following the Series B funding round raised on January 25, 2022, Scratchpad will utilize the USD 33.00 mn to continue building a sales workspace that enhances user experience and productivity. The company plans to launch new product features that further integrate AI capabilities, although specific release dates have yet to be disclosed. Additionally, Scratchpad is targeting expansion into new markets within North America and Europe to increase its customer base and improve sales performance for organizations in those regions.

## Funding rounds

- Series B, Jan 25, 2022, $33M — Accel, Craft Ventures
- Series A, Feb 3, 2021, $13M — Accel, Craft Ventures
- Seed, Oct 6, 2020, $3.6M — Accel, Sound Ventures, Shrug Capital

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series A, Series B
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Seed
- Shrug Capital (https://capitalatlas.ai/funds/shrug-capital) — Seed
- Craft Ventures (https://capitalatlas.ai/funds/craft-ventures) — Series A, Series B