Total amount raised
$16 Millions
Latest funding date
12/01/2022
Location
Cacheflow has successfully raised funding through a Seed round, attracting notable investors such as Notable Capital and Pelion Venture Partners. The platform, designed to streamline the quote-to-cash process for SaaS companies, has recently been acquired by HubSpot.
Keep reading to explore the intricacies of Cacheflow's fundraising journey and the investors backing this innovative platform.
What Is Cacheflow?
Cacheflow, founded in 2021, is a zero-code SaaS sales platform based in Los Altos, California. The company was established by Brian Zotter and Sarika Garg.
Cacheflow automates the proposal-to-payment process, simplifying the sales flow for SaaS businesses. The platform allows sales teams to generate dynamic quotes quickly and manage payments seamlessly.
With a team of 11-50 employees, Cacheflow integrates various sales processes into a single, no-code platform, enhancing efficiency and streamlining the buying experience.
How Much Funding Has Cacheflow Raised?
- Seed Round
- Amount Raised: $6M
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its zero-code SaaS sales platform.
- Seed Round
- Amount Raised: $10M
- Date: December 2022
- Lead Investors: GV, GGV, Pelion Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate sales and marketing efforts and capitalize on the company's momentum.
Total Amount Raised: $16M. Current Valuation: Not publicly disclosed.
Key Investors
The major investors in Cacheflow include GV, GGV Capital, and Pelion Venture Partners. Below are the details for each investor:
- GV (formerly Google Ventures)
- Details: GV is the venture capital arm of Alphabet Inc., investing in various sectors including technology, life sciences, and consumer products. Crystal Huang from GV is a board observer at Cacheflow.
- Investment Focus Areas: Technology, Life Sciences, Consumer Products
- Notable Investments: Uber, Slack, Medium
- GGV Capital
- Details: GGV Capital is a global venture capital firm that invests in seed-to-growth stage companies in the consumer, internet, and enterprise sectors. Glenn Solomon from GGV is a board member at Cacheflow.
- Investment Focus Areas: Consumer, Internet, Enterprise
- Notable Investments: Alibaba, Square, Peloton
- Pelion Venture Partners
- Details: Pelion Ventures is a venture capital firm focusing on early-stage investments in software and internet infrastructure companies.
- Investment Focus Areas: Software, Internet Infrastructure
- Notable Investments: Red Hat, Riverbed Technology, Cloudflare
- Notable Capital
- Details: Notable Capital is one of the key investors in Cacheflow, although specific details about the firm are not publicly disclosed.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
The valuation status of Cacheflow is not publicly disclosed.
What's Next for Cacheflow?
Cacheflow stands at the cusp of significant growth opportunities, driven by its zero-code SaaS sales platform that simplifies and automates the sales process. The platform's ability to cater to both startups and large enterprises positions it well in the expansive and growing SaaS market. With the recent $10 million funding round, Cacheflow is poised to accelerate its sales and marketing efforts, potentially expanding its customer base and moving upmarket.
Future fundraising opportunities seem promising, given the company's growth trajectory and the involvement of prominent investors like GV and GGV. The venture market remains active, and Cacheflow's demonstrated momentum suggests that additional funding rounds could be on the horizon. However, the company may face challenges such as competition from other SaaS platforms, keeping up with evolving technology, and ensuring user-friendliness while adding new features.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Cacheflow and gather other critical business insights. Sign up for free and start making data-driven decisions today.
