LeadIQ, San Francisco, and Singapore-based leading account-based prospecting SaaS platform that simplifies lead management and prospecting sales raised a $30 million Series B.
The round was led by Global venture capital firm Cathay Innovation with participation from Eight Roads Ventures, Alumni Ventures, LAUNCH Fund, Draper Associates, Fresco Capital, and Strong Ventures.
This investment brings the total capital raised to $42 million, with the new financing being used to accelerate its product roadmap in account prioritization, buying team and contact personalization, and sales team collaboration, along with hiring key management roles as the company continues its growth and expansion.
Company: LeadIQ, Inc.
Raised: $30.0M
Round: Series B
Funding Month: October 2021
Lead Investors: Global venture capital firm Cathay Innovation
Additional Investors: Eight Roads Ventures, Alumni Ventures, LAUNCH Fund, Draper Associates, Fresco Capital, and Strong Ventures
Company Website: https://leadiq.com/
Software Category: Prospecting platform
About the Company: Based in San Francisco and Singapore, LeadIQ was founded in 2015 by Mei Siauw, and team when the former Oracle product manager discovered large inefficiencies commonly found in traditional outbound sales processes and set out to build a modern, next-generation prospecting platform that optimizes the entire end-to-end sales cycle. Today LeadIQ employs a remote workforce spanning 22 countries across six continents and serves enterprise and mid-market customers in 45 countries across the globe, which includes notable customers such as MuleSoft, WalkMe, and Okta. The company has grown revenue by 3x and achieved eight-digit ARR, while establishing itself as a category leader. LeadIQ helps make sales teams faster and more productive without sacrificing your CRM's data hygiene. Modern sellers are researching and discovering new prospects on the web every day but only spend 1/4 of the time prospecting them. Used by over 20,000 sales professionals, LeadIQ removes bottlenecks in the outbound selling process by automating the most tedious and repetitive tasks, saving the average sales rep six hours a week prospecting.
Source: https://www.prnewswire.com/news-releases/leadiq-raises-30m-series-b-led-by-cathay-innovation-to-make-sales-teams-hyper-efficient-301390049.html