San Francisco, California and Singapore-based lead management and sales prospecting platform provider LeadIQ has announced its latest round of funding.
The company’s offering automates repetitive data entry tasks in the sales prospecting prospect, freeing up salespeople for higher-value activities while preserving CRM data hygiene. Its customers include the likes of MuleSoft, WalkMe, and Okta.
The company’s latest $30 million Series B round was led by Cathay Innovation, alongside participation from Eight Roads Ventures, Alumni Ventures, LAUNCH Fund, Draper Associates, Fresco Capital and Strong Ventures.
"Led by a resilient and tenacious CEO with incredible vision, LeadIQ offers a next-gen platform that is the glue that unifies sales at the top of the funnel to provide the most comprehensive solution on the market," said Denis Barrier, Co-Founder and CEO at Cathay Innovation.
"Its workflow automation builds a strong moat and competitive advantage which is critical with the pandemic-era digital transformation and subsequent talent wars forcing sales leaders to prioritise efficiency and effectiveness beyond the quota. We look forward to leveraging our resources worldwide to accelerate the company further onto the global stage."
The round brings total funds raised to $42mn. LeadIQ said it would use the funds to accelerate its product road map in areas such as contact personalisation and sales team collaboration, as well as fill key management roles.
