# Response iQ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/response-iq

- Industry: Software
- Headquarters: London, UK
- Website: www.responseiq.com
- Total disclosed funding: $3.2M
- Latest round: Seed (Apr 4, 2019)
- Investors on record: 3

## About

Response iQ Ltd enhances customer engagement through its Intelligent Callback Platform, enabling real-time connections between website visitors and sales teams, thereby improving inbound call volumes and conversion rates.Founded in 2016 in London, UK, Response iQ Ltd specializes in customer engagement solutions. The founder, Scott Lee, has a history of innovation in technology. The company has closed 3 deals to date, with its latest funding round being a Seed round in April 2019, where it raised GBP 1.34 million from Fuel Ventures, valuing the company at GBP 11.72 million post-money.Response iQ specializes in enhancing customer engagement through its Intelligent Callback Platform. The core offering, the Instant Callback Platform, connects website visitors with sales teams in real-time, significantly increasing inbound call volumes and improving conversion rates. This platform responds to web form inquiries within five minutes, enhancing lead qualification. Response iQ serves a diverse clientele across industries such as eCommerce, travel, and telecommunications, providing tailored solutions globally in North America, Europe, and Asia.Response iQ generates revenue primarily through subscription-based services related to its Intelligent Callback Platform. Clients engage through various pricing plans tailored to business needs, including ongoing support and maintenance. The platform's features, such as lead tracking and call analytics, are integral to the service, providing actionable insights into marketing effectiveness. The revenue model is designed to increase inbound leads and optimize marketing spend.In April 2019, Response iQ Ltd raised GBP 1.34 million in Seed funding from Fuel Ventures to support its growth strategy. The company aims to launch new features for its Intelligent Callback Platform in the coming year and expand into new markets, particularly targeting North America and Asia by 2024. The recent funding will be utilized to enhance product development and marketing efforts to penetrate these regions effectively.

## Funding rounds

- Seed, Apr 4, 2019, $1.7M — Fuel Ventures
- Seed, Mar 1, 2018, $1.2M — Fuel Ventures, Mactaggart & Mickel Investments
- Seed, Sep 23, 2016, $0.3M — Fuel Ventures, Republic

## Investors

- Fuel Ventures (https://capitalatlas.ai/funds/fuel-ventures) — Seed
- Republic — Seed
- Mactaggart & Mickel Investments — Seed