ProspX Obtains $8,000,000 Series B Financing Round

  • Feed Type
  • Date
    2/28/2011
  • Company Name
    ProspX
  • Mailing Address
    7600B N Capital of TX Hwy Austin, TX 78731
  • Company Description
    ProspX was founded in 2005 by industry veterans that saw a unique opportunity to improve many of the inefficiencies that exist in today’s $500 billion dollar a year commercial insurance industry. Since its inception, ProspX has grown to become the industry leader in SaaS-based solutions for managing multi-party sales processes in the commercial insurance industry. Connecting insurance carriers to insurance brokers early in the sales cycle is critical to success.
  • Website
    http://www.prospx.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $8,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    This investment is a great vote of confidence in our company, and we plan to use the funding to continue developing world class solutions that help our agency and carrier partners harness the best relationships, intelligence, and resources available for their clients.
  • M&A Terms
  • Venture Investor
    Adams Capital Management
  • Venture Investor
    Undisclosed

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