About Prodigal Tech
Prodigal Tech is a company based in Mountain View (United States) founded in 2018 by Sangram Raje and Shantanu Gangal.. Prodigal Tech has raised $12.15 million across 2 funding rounds from investors including Accel, Menlo Ventures and Y Combinator. The company has 19 employees as of April 04, 2024. Prodigal Tech offers products and services including ProAgent, ProNotes, ProInsight, and ProAssist. Prodigal Tech operates in a competitive market with competitors including Payix, Lender Merchant and installmt, among others.
- Headquarter Mountain View, United States
- Employees 19 as on 04 Apr, 2024
- Founders Sangram Raje, Shantanu Gangal
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Prodigal Softtech India Private Limited
- Date of Incorporation 24 May, 2019
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.5 M (USD)230.83as on Mar 31, 2023
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Net Profit
$220.25 K (USD)255.38as on Mar 31, 2023
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EBITDA
$335.5 K (USD)299.92as on Mar 31, 2023
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Total Equity Funding
$12.15 M (USD)
in 2 rounds
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Latest Funding Round
$12 M (USD), Series A
Jul 22, 2021
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Investors
Accel
& 6 more
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Employee Count
19
as on Apr 04, 2024
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Products & Services of Prodigal Tech
Prodigal Tech offers a comprehensive portfolio of products and services, including ProAgent, ProNotes, ProInsight, and ProAssist. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Natural language AI for end-to-end collections operations automation.
Real-time system for standardized and automated borrower notes.
QA automation and revenue insights for operational intelligence.
Dynamic prompts for real-time agent assistance in collections.
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Funding Insights of Prodigal Tech
Prodigal Tech has successfully raised a total of $12.15M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $12.0M
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First Round
First Round
(26 Nov 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series A - Prodigal Tech | Valuation | Menlo Ventures | |
| Nov, 2018 | Amount | Seed - Prodigal Tech | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Prodigal Tech
Prodigal Tech has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Accel, Menlo Ventures and Y Combinator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Prodigal Tech
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Prodigal Tech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Prodigal Tech Comparisons
Competitors of Prodigal Tech
Prodigal Tech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Payix, Lender Merchant and installmt, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment processing solutions are provided for lenders and auto dealers.
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| domain | founded_year | HQ Location |
Specializes in ACH, card, and RCC transactions for lenders and merchants in financial services.
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| domain | founded_year | HQ Location |
Payments platform providing intelligent scheduling and automated servicing for lenders.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Prodigal Tech
Frequently Asked Questions about Prodigal Tech
When was Prodigal Tech founded?
Prodigal Tech was founded in 2018.
Where is Prodigal Tech located?
Prodigal Tech is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Who is the current CEO of Prodigal Tech?
Shantanu Gangal is the current CEO of Prodigal Tech. They have also founded this company.
Is Prodigal Tech a funded company?
Prodigal Tech is a funded company, having raised a total of $12.15M across 2 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Nov 26, 2018.
How many employees does Prodigal Tech have?
As of Apr 04, 2024, the latest employee count at Prodigal Tech is 19.
What is the annual revenue of Prodigal Tech?
Annual revenue of Prodigal Tech is $1.5M as on Mar 31, 2023.
What does Prodigal Tech do?
Prodigal Tech was founded in 2018 in Mountain View, United States, as a developer of an AI platform focused on loan servicing and collections within the fintech sector. Automation, AI agents, and insights are provided to support payment recovery efforts. Tools for digital strategy orchestration, payment scoring, agent assistance, quality assurance, and revenue analysis are included in the platforms operations.
Who are the top competitors of Prodigal Tech?
Prodigal Tech's top competitors include Payix, Lender Merchant and installmt.
What products or services does Prodigal Tech offer?
Prodigal Tech offers ProAgent, ProNotes, ProInsight, and ProAssist.
Who are Prodigal Tech's investors?
Prodigal Tech has 7 investors. Key investors include Accel, Menlo Ventures, Y Combinator, Maschmeyer Group Ventures, and Eric Sage.
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