ProspX Obtains $1,500,000 New Financing Round

  • Feed Type
  • Date
    6/30/2011
  • 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
    $1,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Adams Capital Management
  • Venture Investor
    Undisclosed