![]() It has added tens of thousands of users to its systems. Scratchpad does what it says on the label, as customers attest. Their strong adoption, user engagement, and customer retention reflect the value they’re providing to businesses.” Customer Success breeds success ![]() “Scratchpad’s product has fueled their rise as one of the fastest-growing bottom-up sales tech startups. This innovative feature and other improvements have helped the company grow successfully, which existing investors noted.ĭavid Sacks, co-founder and general partner at Craft Ventures, commented: “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. Rather than dealing with the distractions of email or Slack channels, interactions relevant to target accounts are surfaced exactly where each salesperson works. The recent launch of the Workspace Commenting System is the latest improvement for sales teams as it connects messaging systems into the heart of their daily lives. Those tasks include taking and sharing notes, working their to-dos, forecasting with their managers, making handoffs between teams easier, and collaborating with their revenue teams more effectively. It manages their daily tasks, enabling them to focus on their ultimate objective, increasing revenue. The Scratchpad solution transforms CRM from a tool that manages customer relations into a tool focused on the salesperson. These include Algolia, Allstate, Chilipiper, Ironclad, Pitchbook, Quora, Sendoso, Segment Talkdesk, Twilio, Udemy, Upwork, Vanta, Vidyard. Over that year, Scratchpad has added thousands of customers. The raise follows the recent success of Scratchpads Revenue Team Workspace and is a little under a year after the firm raised $13 million in its Series A funding round. It was led by investor David Sacks’s Craft Ventures with participation from existing investor Accel. Scratchpad expects to run a cohort in the spring of 2020 focused exclusively on female-founded companies.Scratchpad has raised $33 million in a pre-emptive Series B round. The fall 2019 cohort of spin-off companies is only its third program. In August 2017, it announced it would shift its focus to female founders, welcoming its first cohort of four female founders in November 2017. It launched in 2015 with its first cohort of four startups before taking a two-year hiatus. ![]() The accelerator is managed by Jason Harkins, an associate professor of entrepreneurship at the University of Maine Business School, and Lisa Liberatore, an entrepreneur with a master’s degree in educational leadership.Įarlier this year, it received grants from the Maine Technology Institute and Bangor Savings Bank to help provide a consistent source of funding for the program, which has been operating off and on for the last several years. Wicked Strong, a cleaning products company spun out of Maine Standard Biodiesel.Dermarus, a company spun out of Lobster Unlimited, which develops and commercializes products made from the recycled waste of lobster processing.EverCup, a product company selling FDA-registered menstrual cups that was spun out of Casco Bay Molding in Sanford.Kinotek, a software startup spun out of UMaine that uses virtual reality and motion capture technology to create “x-ray vision” to improve athletic output and reduce the chance of injury.The four companies selected for the new cohort are: The accelerator received 22 applications for the four spots. The fall cohort, which gathered last week for its first of three five-day intensive learning sessions, is focused on spin-off companies, which it defines as being either spun out of a university or existing company. ![]() Scratchpad Accelerator, a startup-business accelerator in Bangor, has selected four companies for its fall 2019 cohort.
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