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LeadIQ raises US$10M Series A from Eight Roads Ventures, others to simplify sales

LeadIQ Singapore team

LeadIQ, a SaaS platform that aims to simplify lead management and sales prospecting processes, has raised up to US$10 million in Series A funding round, led by Eight Roads Ventures.

Tim Draper of Draper Associates and angel investor Jason Calacanis’s LAUNCH Fund also participated.

The fresh capital will be used by the company to invest in R&D, and for market expansion and hiring talent.

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.

With offices in both Singapore and the US, the firm aims to help users research and capture potential leads easily, enrich leads with further details, and integrates into various sales acceleration and customer management platforms, such as Salesloft, Outreach, Hubspot and Salesforce.

“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.

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“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,” commented Dave Ng, Head of Southeast Asia at Eight Roads Ventures.

This article was co-written by Anisa Menur

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