FlashIntel, a Singapore-based market intelligence and sales tech startup with teams in the US, Canada, India, and Malaysia, has announced raising $10 million in its seed funding round.
The round was backed by Canadian investment firm Celtic House Venture Partners and Silicon Valley-based early-stage venture investors UpHonest Capital and Hat-trick Capital, according to the announcement.
Founded last year by product builder and angel investor Yi Shi, FlashIntel is a go-to-market intelligence firm that streamlines sales and partnership processes. It offers a unified platform that merges sales intelligence with engagement functionalities.
“Our goal as a go-to-market intelligence firm is to arm businesses with the insights and tools essential for growth,” Shi said.
FlashIntel operates two platforms – FlashInfo for revenue acceleration and FlashClick for partner enablement. The startup said it will use the fresh funds to upgrade the features of these platforms.
The platforms feature real-time enrichment, people search, company search, in-market timing, account-based marketing, personalised messaging, and email deliverability, among others.
FlashIntel said its platform can be integrated with other major CRM through their APIs.
Before founding FlashIntel, Shi was the founder and CEO of DotC United Group, a tech company that reached unicorn status and achieved a $200+ million annual revenue within four years. She is also an early investor in Indonesian courier services major J&T Express.
FlashIntel’s funding comes as startup fundraising across Asia’s key markets – Southeast Asia, India, and Greater China – fell sharply in the second quarter of this year, compared with a year ago, according to data compiled by DealStreetAsia DATA VANTAGE.
The steepest fall in funding was witnessed in Southeast Asia at 58.6%. Startups headquartered in the region raised $2.13 billion in Q2, compared with $5.13 billion in the same quarter of 2022, according to data from the DealStreetAsia report.