Predict your next investment

Venture Capital
frescocapital.com

See what CB Insights has to offer

Investments

53

Portfolio Exits

7

Funds

3

Partners & Customers

1

About Fresco Capital

Fresco Capital is a seed and early stage venture investors supporting exceptional entrepreneurs to build remarkable businesses. Geographically, it is based in Hong Kong and Menlo Park, CA while its companies have operations globally with the most common headquarter locations being San Francisco, Silicon Valley, Hong Kong, New York and Austin.

Fresco Capital Headquarter Location

9/F, 33 Des Voeux Road Central

Hong Kong

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Fresco Capital News

Prospecting SaaS Platform LeadIQ Raises $30 Million

Oct 9, 2021

LeadIQ — a leading account-based prospecting SaaS platform that simplifies lead management and sales prospecting — announced that it has raised a $30 million Series B. These are the details. LeadIQ — a leading account-based prospecting SaaS platform that simplifies lead management and sales prospecting — announced that it has raised a $30 million Series B round 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. And 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. Based in San Francisco and Singapore, LeadIQ was launched in 2015 by Mei Siauw. Now 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 grew revenue by 3x and achieved eight-digit ARR, while establishing itself as a category leader. LeadIQ’s customers have been able to significantly reduce time spent on manual and repetitive sales busywork. And digital adoption platform leader WalkMe has saved its BDR team thousands of hours per quarter and increased discovery calls by 19% in the months following deployment. Plus revenue operations platform Clari is saving around 600 hours a quarter and has seen its ideal customer profile (ICP) alignment improve from 50% to 85%. KEY QUOTES: “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. 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 prioritize efficiency and effectiveness beyond the quota. We look forward to leveraging our resources worldwide to accelerate the company further onto the global stage.” — Denis Barrier, Co-Founder & CEO at Cathay Innovation “Since our original investment early last year, we’ve been very impressed by the company’s pace of execution and growth amidst the pandemic. LeadIQ is addressing a pertinent pain point in the sales journey by increasing effectiveness of the sales teams through a product-led approach. We’re thrilled to be doubling down on our conviction as we continue to support Mei and her team to strengthen their position in a rapidly growing market.” — Kavish Kothari, Principal, Eight Roads Ventures “With 65% of teams missing revenue targets, outbound sales efficiency is a major challenge for enterprises globally. Today, account-based prospecting is still highly manual and time-consuming thanks to fragmented data across multiple systems, repetitive busy work, low quality research and varying privacy laws. We built LeadIQ to help sales teams everywhere make authentic prospect connections with a more thoughtful approach. The numbers speak volumes, where we tripled growth in our enterprise and mid-market segments year-over-year. With this latest financing, we look forward to working with current and new investors like Cathay Innovation, who have the global reach and local market expertise across the US, Europe and Asia to help us scale further during this next phase of growth.” — Founder and CEO Mei Siauw

Fresco Capital Investments

53 Investments

Fresco Capital has made 53 investments. Their latest investment was in LeadIQ as part of their Series B on October 10, 2021.

CBI Logo

Fresco Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/1/2021

Series B

LeadIQ

$30M

Yes

2

8/10/2021

Seed VC

Mero Technologies

$2.47M

Yes

1

7/30/2021

Seed VC

Outvio

$3M

Yes

1

4/6/2021

Series C

Subscribe to see more

$99M

Subscribe to see more

10

12/29/2020

Series B

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/1/2021

8/10/2021

7/30/2021

4/6/2021

12/29/2020

Round

Series B

Seed VC

Seed VC

Series C

Series B

Company

LeadIQ

Mero Technologies

Outvio

Subscribe to see more

Subscribe to see more

Amount

$30M

$2.47M

$3M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

1

1

10

10

Fresco Capital Portfolio Exits

7 Portfolio Exits

Fresco Capital has 7 portfolio exits. Their latest portfolio exit was Spire on August 17, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/17/2021

Reverse Merger

$991

6

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

$991

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

Date

8/17/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Reverse Merger

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$991

$991

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

6

10

10

10

10

Fresco Capital Fund History

3 Fund Histories

Fresco Capital has 3 funds, including Fresco Venture Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/16/2017

Fresco Venture Fund III

Multi-Stage Venture Capital

$0.3M

1

6/6/2016

Fresco Capital Education Venture Fund I

Subscribe to see more

$99M

10

11/30/2015

Fresco Capital How Tomorrow Works Venture General Partner I

Subscribe to see more

$99M

10

Closing Date

10/16/2017

6/6/2016

11/30/2015

Fund

Fresco Venture Fund III

Fresco Capital Education Venture Fund I

Fresco Capital How Tomorrow Works Venture General Partner I

Fund Type

Multi-Stage Venture Capital

Subscribe to see more

Subscribe to see more

Status

Amount

$0.3M

$99M

$99M

Sources

1

10

10

Fresco Capital Partners & Customers

1 Partners and customers

Fresco Capital has 1 strategic partners and customers. Fresco Capital recently partnered with CircleLink Health on November 11, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

11/27/2018

Partner

CircleLink Health

United States

1

Date

11/27/2018

Type

Partner

Business Partner

CircleLink Health

Country

United States

News Snippet

Sources

1

Fresco Capital Team

3 Team Members

Fresco Capital has 3 team members, including current Managing Partner, Alison Baum.

Name

Work History

Title

Status

Alison Baum

Managing Partner

Current

Stephen Forte

Laudato Si' Startup Challenge, Riskpulse, and Telerik

Managing Partner

Current

Tytus Michalski

Managing Partner

Current

Name

Alison Baum

Stephen Forte

Tytus Michalski

Work History

Laudato Si' Startup Challenge, Riskpulse, and Telerik

Title

Managing Partner

Managing Partner

Managing Partner

Status

Current

Current

Current

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.