LeadIQ, an enterprise SaaS company that simplifies lead management and sales prospecting processes, has raised up to $10 million in a Series A funding round led by Eight Roads Ventures, according to an announcement.
The round also saw the participation of Tim Draper of Draper Associates and angel investor Jason Calacanis’ LAUNCH Fund.
The company, headquartered in San Francisco, plans to use the funding to further invest in new product R&D and ramp up talent. Apart from the US, the company also has an office in Singapore.
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. It counts TripActions, Showpad, and Sendoso among its clients.
“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,” said Mei Siauw, CEO of LeadIQ.
Dave Ng, head of Southeast Asia at Eight Roads Ventures commented said: “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.”