About Prolance
Prolance is a company based in Bengaluru (India) founded in 2020 by K Manoj Kumar, Raghunath Gururajan, Jaisimha Sathyanarayana, Rama Harinath K, and Vivek Parasuram.. Prolance has raised $2.59 million across 2 funding rounds from investors including LetsVenture, Axilor Ventures and Arali Ventures. The company has 109 employees as of March 29, 2024. Prolance offers products and services including SketchUp Plugin and WebApp. Prolance operates in a competitive market with competitors including Infurnia, Foyr, Interior Logic Group, Interior Specialists and Portaire, among others.
- Headquarter Bengaluru, India
- Employees 109 as on 29 Mar, 2024
- Founders K Manoj Kumar, Raghunath Gururajan, Jaisimha Sathyanarayana, Rama Harinath K, Vivek Parasuram
- Stage Minicorn
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Sectors
Real Estate & ConstructionConsumer
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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 Prolance Services Private Limited
- Date of Incorporation 23 Dec, 2020
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$277.78 K (USD)0as on Mar 31, 2022
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Net Profit
$-248.97 K (USD)-6276.85as on Mar 31, 2022
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EBITDA
$-235.98 K (USD)-6343.37as on Mar 31, 2022
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Total Equity Funding
$2.59 M (USD)
in 2 rounds
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Latest Funding Round
$2.06 M (USD), Series A
Aug 05, 2022
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Investors
LetsVenture
& 14 more
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Employee Count
109
as on Mar 29, 2024
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Products & Services of Prolance
Prolance offers a comprehensive portfolio of products and services, including SketchUp Plugin and WebApp. 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.
Enables detailed interior design automation within SketchUp software.
Provides inspiration and quick quote generation for design projects.
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Funding Insights of Prolance
Prolance has successfully raised a total of $2.59M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.06 million completed in August 2022. 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 — $2.1M
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First Round
First Round
(24 Jun 2021)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series A - Prolance | Valuation | Foundamental , Axilor Ventures | |
| Jun, 2021 | Amount | Seed - Prolance | Valuation | Srini Anumolu , Start Fresh Ventures |
| 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 Prolance
Prolance has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include LetsVenture, Axilor Ventures and Arali Ventures. 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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Investments are made in AEC and construction technology globally.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage startups in technology sectors.
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Founded Year | Domain | Location | |
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Investment in B2B tech startups at pre-seed and seed stages across various sectors.
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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 Prolance
| 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 - Prolance
| 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 |
Prolance Comparisons
Competitors of Prolance
Prolance 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 Infurnia, Foyr, Interior Logic Group, Interior Specialists and Portaire, 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 |
Architecture and interior design software with manufacturing integration is provided.
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| domain | founded_year | HQ Location |
Provider of cloud-based interior design software platform
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| domain | founded_year | HQ Location |
Interior decoration solutions are supplied for rental homes.
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| domain | founded_year | HQ Location |
Provider of interior design and installation services
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| domain | founded_year | HQ Location |
Management solutions are provided for interior designers' workflows.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Prolance
Frequently Asked Questions about Prolance
When was Prolance founded?
Prolance was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Prolance located?
Prolance is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Prolance?
Rama Harinath K is the current CEO of Prolance. They have also founded this company.
Is Prolance a funded company?
Prolance is a funded company, having raised a total of $2.59M across 2 funding rounds to date. The company's 1st funding round was a Seed of $538.69K, raised on Jun 24, 2021.
How many employees does Prolance have?
As of Mar 29, 2024, the latest employee count at Prolance is 109.
What is the annual revenue of Prolance?
Annual revenue of Prolance is $277.78K as on Mar 31, 2022.
What does Prolance do?
Prolance was established in 2020 in Bengaluru, India, as a B2B SaaS platform in the interior design and construction sector. Tools for automating design, quote generation, rendering, and 2D GFC drawings are provided to interior designers, architects, contractors, and panel processing factories. Non-standard modules are accommodated, with options to incorporate materials, finishes, and pricing details. Project manufacturing is enabled via factory integrations.
Who are the top competitors of Prolance?
Prolance's top competitors include Interior Logic Group, Foyr and Infurnia.
What products or services does Prolance offer?
Prolance offers SketchUp Plugin and WebApp.
Who are Prolance's investors?
Prolance has 15 investors. Key investors include LetsVenture, Axilor Ventures, Arali Ventures, Force Ventures, and Pratithi Investments.
What is Prolance's valuation?
The valuation of Prolance is $6.97M as of Aug 2022.