Cacheflow completes the tech stack for sales by closing the last loop with customers: propose, close and get paid.
LOS ALTOS, Calif.--Nine months after coming out of stealth, Cacheflow is bringing its product into general availability to help software companies close deals faster. In today’s uncertain economy, CROs are looking to get more ARR with less burn. Given the early momentum, Cacheflow is accelerating its growth plans with the hire of key executives including a new head of revenue. Cacheflow tackles a large and growing software buying market where user spending is expected to grow to $750B in 2023.
The product is a modern API-based deal-close solution that fully automates how companies propose, close, and get paid - and helps shorten the end to end process from weeks to hours.
Early customers are live in production on Cacheflow and are closing deals 4 times faster than their legacy process. The platform saw an increase of 400% in the number of proposals created and closed month over month in June.
"As a high growth startup, we would like to automate as many steps as possible in the revenue acquisition process. With Cacheflow we get a CPQ + contract signing + billing + payments. All super easy to deploy," said Leena Joshi, Co-founder and CEO of Closefactor.
“Cacheflow’s product is timely as the market shifts, and the conversation in board meetings has turned to sales efficiency. Closing faster with fewer reps and ops means increasing time to sell more. The feedback from customers is that Cacheflow’s interactive buyer/seller checkout is game changing with its focus on B2C speed and B2B flexibility,” said Glenn Solomon, Managing Partner at GGV Capital.
“Everyone we talk to wants more ARR with less burn. We expected Series A to Series C companies to respond to our messaging but even later-stage startups and large public companies are responding and engaging. We are thrilled to welcome Jordan Novak, Kevin Ehinger, and John Carles to Cacheflow to help scale Cacheflow to meet this demand. They have deep knowledge and experience but most importantly, they are all builders at heart,” said Sarika Garg, Co-founder, and CEO of Cacheflow.
The new executives that joined Cacheflow include:
You can read more about the founding story of Cacheflow here.
Founded in 2021, Cacheflow’s mission is to help software companies sell faster, and sell more by making the selling (and buying) experience easier and more delightful. Cacheflow offers a surprisingly simple, yet flexible API-first deal closing solution to SaaS companies. Co-Founder and CEO Sarika Garg was previously Chief Strategy Officer at Tradeshift and ran product at Ariba and SAP before that; Co-Founder and CTO Brian Zotter was previously VP of Engineering at Salesforce, ClearStory Data, and Medium and has founded three other startups. To learn more, visit getcacheflow.com