Cacheflow, a startup building tools for the software sales closing process, announced this morning that it closed $10 million in new capital.
Cacheflow CEO and co-founder Sarika Garg told TechCrunch that the new capital doubled her company’s valuation, added prior lead investor Glenn Solomon (GGV) to its board and brought new investor Crystal Huang (GV) on as a board observer. Huang led Cacheflow’s newest investment — what Garg described as a seed+ round — for GV, while Solomon put in more capital to the round than his pro-rata rights guaranteed, she said.
The venture capital market has slowed, and valuations for startups of all maturities have come down. To see Cacheflow raise a year after it came...
