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Chi-Tung Leong

๐Ÿ‘ค Speaker
149 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

We raised a seed round from Venture Capitalists September last year.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

So how much total on the company?

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

So 1.1 million US dollars.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

We're in the midst of it.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

Yes.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

We're going for a series A. How much do you want to raise ideally?

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

Between three to five, three to five M's.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

We got to grow faster.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

Minimum is 100% over the past several years.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

Yeah, we're, I would say 90% pure play SaaS.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

Our customers on average have about 600 employees.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

We target mid-market enterprises, so between 500 to 5,000 employees.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

in size.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

And I'd say that at that size, you do need to add on a bit of services.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

So we do find ourselves also providing some services around that, around change management, some consulting, but most of it is still SaaS.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

Yeah, about 90%, 90 plus percent.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

It's software revenue and then the rest are services.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

So in Singapore dollars, this is anywhere from 20 to 40, 20 to 50,000.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

Okay.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

So that's the sweet spot.

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