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Industries
Consumer Software
Enterprise Software
Company Size
51-200
Company Stage
Series B
Total Funding
$49.6M
Headquarters
San Francisco, California
Founded
2020
Scratchpad provides a platform designed for sales representatives and leaders to manage their sales pipelines, inspect deals, and forecast sales more effectively. The platform addresses common issues in the sales industry, such as the reliance on spreadsheets and documents, challenges in deal inspection, and inaccuracies in forecasting. It primarily serves sales teams that use Salesforce, allowing for quick and easy updates to Salesforce data. Scratchpad offers a free version of its platform, with options for premium features, and includes no-code automations and notifications that enhance revenue operations. This integration with Salesforce is a significant advantage, as it simplifies data management and improves sales performance.
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Total Funding
$49.6M
Meets
Industry Average
Funded Over
3 Rounds
Industry standards
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Paid Parental Leave
Paid Vacation
Paid Holidays
401(k) Retirement Plan
401(k) Company Match
Home Office Stipend
Hybrid Work Options
When Scratchpad released its 2023 RevOps Trend Report ( click here to download the full report ), its marketing manager, Hannah, asked me for my take on it, including whether or not I agreed with the findings.
Google’s venture capital arm Gradient Ventures has made another foray into Europe, investing as part of a $3.2 million seed round in two-year-old German startup Weflow.Weflow is the latest in a line of ecosystem startups to emerge from frustrations with using the omnipresent CRM (customer relationship management) software that is Salesforce. These venture-backed upstarts focus on things like providing data backups or improving lead generation, while just last week a new company called Unaric emerged out of stealth with $35 million for the express purpose of buying and consolidating Salesforce-ecosystem startups.Yes, Salesforce-focused tools are big business, with some estimates pegging the market value at four times that of Salesforce itself.Weflow, for its part, is setting out to improve sales teams’ efficiency, pipeline visibility, and general “Salesforce data hygiene,” according to Weflow co-founder and CEO Janis Zech who likens his platform to something akin to “Notion for revenue teams.”“[The main problem we solve is] helping companies to forecast their pipeline accurately — this typically requires capturing sales data, both structured and unstructured, surfacing deal insights, and pipeline analytics to run forecast predictions,” Zech explained to TechCrunch.Show me the dataThe ultimate problem that Weflow seeks to fix is that of the sheer spread of data across the B2B sales sphere, spanning the countless meetings, emails, and calls leading to a deal’s conclusion. Weflow promises to bring this data together within a coherent structure to deliver insights.To do this, Weflow has developed what it calls a “revenue workspace,” pitched as an all-encompassing platform that allows companies to capture CRM data while serving up deal insights and tools for managing their sales pipeline. More recently, the company introduced collaborative forecasting and pipeline analytics, too.Under the hood, Weflow uses AI to allocate what it calls a “deal score,” which is effectively a prediction that considers things like buying signals, sales activities, and historical data to forecast the likelihood of a deal closing. In the future, Zech says the platform will also lean on AI to forecast future revenues, as well as leverage unstructured email data and even video/call transcripts to uncover hidden deal insights.Forecasting in Weflow Image Credits: Weflow‘Salesforce fatigue’Although Zech and his two co-founders, Henrik Basten and Philipp Stelzer, launched Weflow in 2021, the Berlin-based startup has been years in the making, built on frustrations Zech experienced at an adtech startup he founded in 2009 called Fyber (then known as SponsorPay).“Experiencing severe ‘Salesforce fatigue’ at Fyber, we realized CRMs have become clunky infrastructure, not places to effectively work on deals and drive sales performance,” Zech said. “It’s a problem that affects most companies’ top lines.”Zech eventually sold Fyber for €150 million in 2014, and in the intervening years he invested both as an angel and partner at Point Nine Capital
CX trends will continue to influence B2B software as the importance of leading with experience and product becomes more critical for success.
SAN MATEO, Calif., July 27, 2022 (GLOBE NEWSWIRE) -- Scratchpad, Inc ., pioneer and leader of the revenue team workspace, today announced the immediate availability of Scratchpad Studio—the world’s first Revenue Operations toolkit designed for revenue and sales operations leaders to take the complexity out of their tech stack, drive process adoption, and close the gap in data growing outside of Salesforce
Scratchpad, a revenue team workspace solution, recently announced the immediate and general availability of an inbox and deal alert system designed to help salespeople “cut through the noise” of the notifications via Slack, email, and other channels.
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Discover companies similar to Scratchpad
Industries
Consumer Software
Enterprise Software
Company Size
51-200
Company Stage
Series B
Total Funding
$49.6M
Headquarters
San Francisco, California
Founded
2020
Find jobs on Simplify and start your career today
Discover companies similar to Scratchpad