# ProspX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/prospx

- Industry: Insurance
- Headquarters: Austin, US
- Website: www.prospx.com
- Total disclosed funding: $26M
- Latest round: Series B (Oct 5, 2014)
- Investors on record: 1

## About

ProspX, Inc. offers a suite of digital solutions designed to enhance online presence and streamline user interaction for small to medium-sized enterprises.ProspX, Inc. specializes in digital solutions for SMEs, having been founded in 2005 in Austin, US. The company raised USD 0.25 mn in Series B funding from Adams Capital Management on October 5, 2014, with a current valuation of USD 22.442 mn. The founder, Puru Agrawal, has a history in entrepreneurship, although details about previous ventures are not available.The company's primary offerings include a suite of innovative digital solutions designed to enhance online presence and streamline user engagement. Key products encompass website hosting, domain registration, and various digital marketing services aimed at small to medium-sized enterprises (SMEs). These services are engineered to address critical challenges faced by businesses in establishing and maintaining a robust online footprint, facilitating seamless customer interactions, and optimizing digital marketing efforts. The company serves a diverse client base across multiple geographical markets, including North America, Europe, and parts of Asia, enabling businesses globally to leverage technology effectively. The services have evolved over the years, continually adapting to emerging digital trends and customer needs since their initial launch, thereby solidifying the company’s reputation in the digital solutions sector.The company's revenue model is structured around a combination of subscription services and direct sales, catering primarily to the needs of its SME clientele. Transactions typically involve annual or monthly subscription fees for website hosting and domain services, along with one-time payments for additional digital marketing tools and services. This straightforward pricing structure facilitates predictable revenue streams while offering clients flexibility in choosing service tiers based on their individual business requirements. Flagship products, which may include proprietary hosting solutions or specialized marketing services, play a significant role in driving revenue. By providing tailored solutions that meet specific business needs, the company effectively establishes long-term partnerships with clients, contributing to stable and recurring revenue generation.ProspX, Inc. aims to design and launch new products focused on enhancing digital marketing tools tailored for SMEs. Future expansion plans involve targeting additional markets in Europe and Asia by 2025. The USD 0.25 mn raised in Series B funding will be allocated to support these new product developments and market expansion efforts.

## Funding rounds

- Series B, Oct 5, 2014, $0.3M — Adams Capital Management
- Series B, Mar 5, 2014, $1.9M — Adams Capital Management
- Series A, May 14, 2013, $8.3M — Adams Capital Management
- Series C, Apr 27, 2011, $1.5M — Adams Capital Management
- Series B, Feb 28, 2011, $3.6M — Adams Capital Management
- Series B, May 24, 2010, $4.4M — Adams Capital Management
- Series A, Dec 18, 2008, $6.5M — Adams Capital Management

## Investors

- Adams Capital Management (https://capitalatlas.ai/funds/adams-capital-management) — Series A, Series B, Series C