Cratejoy Launches Public Beta
- October 14, 2014 | Ryan O'Donnell
We wanted to congratulate Cratejoy on the release of their public beta. This Austin, Texas-based startup wants to bring monthly subscription business model to all businesses with its “Subscription as a Service” platform.
Amir Elaguizy (CEO) and Alex Morse (CTO), graduates of Y Combinator, based Cratejoy on the simple idea that “subscription is the next chapter of commerce, benefiting both businesses and consumers.”
Subscription components offer a more stable customer base and recurring revenue. This leads to easier planning, forecasting, and inventory management. Yet, management of subscriptions can be challenging. Cratejoy aims to remove this barrier for online merchants.
Devdutt Yellurkar of Charles River Ventures (a Series A investor and Cratejoy board member) says:
“Everything points to subscription being the future of commerce and consumption, bringing exceptional goods and services to consumers before they even know they need them,” said Devdutt Yellurkar, general partner at CRV. “Amir and Alex are going to make that future possible with Cratejoy. They’re founders with a very real, fantastic vision and a true passion for subscription commerce.”
Wondering how to handle sales tax? Cratejoy has published documents detailing how to properly set up sales tax collection.