LeadIQ, an enterprise SaaS company that simplifies lead management and sales prospecting processes, today announced that it has raised up to $10 million in Series A funding. The round was led by Eight Roads Ventures with participation from Tim Draper of Draper Associates and renowned angel investor Jason Calacanis’ LAUNCH Fund.
Founded in 2015 by Mei Siauw and Angelo Huang, LeadIQ is a workflow centric lead data and sales prospecting SaaS platform focused on enterprise and mid-market clients. LeadIQ allows users to research and capture potential leads easily, enrich leads with further details, and integrates into various sales acceleration and customer management platforms like Salesloft, Outreach, Hubspot and Salesforce. With offices in Singapore and the US, the Company focuses on mid-market to enterprise level B2B customers. Some of their existing clients include TripActions, Showpad, Sendoso, etc. This new funding will allow the company to further invest in new product R&D, market expansion and hiring talent.
Mei Siauw, CEO of LeadIQ said, “The way modern sales teams connect with their prospective customers has changed significantly with advancement of technologies, but it has also created huge bottlenecks in outbound selling. We are building LeadIQ to simplify the workflow of sales teams, so they can focus on meaningful and relevant activities. Every second that a rep is wasting on repetitive tasks, chasing the wrong prospect, is not only hurting their company, but our economy as well.”
Dave Ng, Head of Southeast Asia at Eight Roads Ventures commented, “The enterprise sales paradigm has changed. Today, a sales representative is constantly under pressure to close more deals and faster. Starting off each day with a spreadsheet of leads and manually chasing is not going to cut it. Organisations need a solid sales tech stack that is integrated, where data flows seamlessly across. This is where LeadIQ makes a difference. The platform allows reps to do more and quicker, cutting down unwanted manual processes.”