Eight Roads-backed sales SaaS startup bags $30m in series B round

LeadIQ, a software-as-a-service (SaaS) company based in Singapore and the US, raised US$30 million in its latest round of funding, bringing its total capital raised to US$42 million.

More funding details

• Lead investor: Global VC firm Cathay Innovation
• New investors: Alumni Ventures, Fresco Capital, and Strong Ventures
• Returning investors: Eight Roads Ventures, angel investor Jason Calacanis’ Launch Fund, and American VC investor Tim Draper’s Draper Associates
• Stage: Series B

More company updates

• The fresh funds will be used to accelerate its product roadmap in account prioritization, buying team and contact personalization, and sales team collaboration.
• LeadIQ will also use it to hire key management roles at the company.
• The company said it has grown its revenue by 3x and achieved an eight-digit annual recurring revenue in 2021.
• LeadIQ was founded in 2015 by Mei Siauw and Angelo Huang, who is now the founder and CEO BlaBla Edtech, it seeks to simplify lead management and sales prospecting processes for businesses.
• Currently, the company employs a remote workforce spanning 22 countries across six continents. It serves enterprise and mid-market customers in 45 countries, which includes customers such as MuleSoft, WalkMe, and Okta.
• Last May, it raised US$10 million in its series A round led by Eight Roads Ventures.

For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.