ProspX Obtains $8,000,000 Series B Financing Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=72e0f8ff-06d8-4929-b50e-0cdf935e0da5&Preview=1 - 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
