Austin insurance software firm completes $1.2M financing round
Business Wire
ProspX Inc. CEO Steve Gold
- Christopher Calnan[1]
- Staff Writer- Austin Business Journal
- This email address is being protected from spambots. You need JavaScript enabled to view it.[2] | Twitter[3]
Software maker ProspX Inc. has completed a $1.2 million round of funding.
The Austin-based company collected the capital from 10 investors, according to a Friday filing [4]with the U.S. Securities and Exchange Commission[5].
ProspX, founded in 2005, develops software designed to enable commercial insurance agents, brokers and carriers to communicate. The company, which employed 59 workers in 2011, operates in Austin, Chicago and the Ukraine.
In May 2013, ProspX raised $8.2 million[6] of a planned $9.2 million funding from 39 investors.
In April 2011, it reported receiving $1.5 million of a planned $10 million financing. The report came two months after company officials said they completed an $8 million Series B funding round with investors that included Pittsburgh-based Adams Capital Management[7] and Austin-based HPI Real Estate Services[8] and Investments Inc.
Last year, Prospx said it had hired former American International Group Inc. (NYSE: AIG) executive[9] Steve Gold[10] as its new CEO.
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References
- ^ Christopher Calnan (feeds.bizjournals.com)
- ^ This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)
- ^ Twitter (twitter.com)
- ^ according to a Friday filing (www.sec.gov)
- ^ U.S. Securities and Exchange Commission (www.bizjournals.com)
- ^ raised $8.2 million (www.bizjournals.com)
- ^ Adams Capital Management (www.bizjournals.com)
- ^ HPI Real Estate Services (www.bizjournals.com)
- ^ said it had hired former American International Group Inc. (NYSE: AIG) executive (www.bizjournals.com)
- ^ Steve Gold (feeds.bizjournals.com)
- ^ Subscribe to the Energy Inc. newsletter (www.bizjournals.com)