ProspX, developer of an on-demand search and sales collaboration platform for the commercial insurance industry, has scored $8 million round in Series B funding in a round led by Adams Capital Management and joined by HPI Real Estate Services and Investments. ProspX has now raised a total of $14.5 million.
ProspX develops a SaaS platform that combines enterprise search, social networking, and sales collaboration technology to connect insurance agents, brokers, and carriers at the initial point of a business opportunity, as well as throughout the sales cycle.
There are currently 4,000 brokers and more than 16,000 carrier underwriter specialists in the ProspX network, the company says.