About Prospection
Prospection is a company based in Haymarket (United States) founded in 2012 by Peter Cronin and Eric Chung. Prospection has raised $51.74 million across 2 funding rounds from investors including CSIRO, Ellerston Capital and Main Sequence. Prospection operates in a competitive market with competitors including Definitive Healthcare, IMS Health, Axtria, Doceree and MDisrupt, among others.
- Headquarter Haymarket, United States
- Founders Peter Cronin, Eric Chung
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$51.74 M (USD)
in 2 rounds
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Latest Funding Round
$45 M (USD), Series B
Sep 13, 2021
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Investors
CSIRO
& 3 more
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Employee Count
Employee Count
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Funding Insights of Prospection
Prospection has successfully raised a total of $51.74M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $45 million completed in September 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 B — $45.0M
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First Round
First Round
(12 Feb 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series B - Prospection | Valuation | Ellerston Capital | |
| Feb, 2020 | Amount | Series A - Prospection | Valuation | Main Sequence , Horizons Ventures |
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Investors in Prospection
Prospection has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include CSIRO, Ellerston Capital and Main Sequence.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are made in deep tech founders.
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Founded Year | Domain | Location | |
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Horizons Ventures is focused on investing in deep science and technology.
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Founded Year | Domain | Location | |
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Diversified investment management services are provided by Ellerston Capital.
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Founded Year | Domain | Location |
Investments & Acquisitions by Prospection
Financial Statements - Prospection
Prospection Comparisons
Competitors of Prospection
Prospection 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 Definitive Healthcare, IMS Health, Axtria, Doceree and MDisrupt, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers market intelligence and data analytics for healthcare providers and physicians
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| domain | founded_year | HQ Location |
SaaS and AI-based market intelligence is provided for healthcare companies.
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| domain | founded_year | HQ Location |
Data analytics and AI solutions are provided for life sciences.
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| domain | founded_year | HQ Location |
Provider of pharmaceutical advertising and healthcare marketing platform
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| domain | founded_year | HQ Location |
Software is provided for analyzing and scoring medical diligence.
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Frequently Asked Questions about Prospection
Prospection was founded in 2012 and raised its 1st funding round 8 years after it was founded.
Prospection is headquartered in Haymarket, United States. It is registered at Haymarket, Virginia, United States.
Eric Chung is the current CEO of Prospection. They have also founded this company.
Prospection is a funded company, having raised a total of $51.74M across 2 funding rounds to date. The company's 1st funding round was a Series A of $6.74M, raised on Feb 12, 2020.
AI and cloud-based business data analytics software for providers. It analyses large health data sets such as electronic medical records, script claims, registry, and insurance records to provide insights, medication utilization. The products are, PharmDash is a platform that delivers insights into the use, value, and outcomes of different healthcare interventions. PharmMap provides commercial and operational data to a single view using geospatial mapping algorithms.
Prospection's top competitors include Axtria, Doceree and Definitive Healthcare.
Prospection has 4 investors. Key investors include CSIRO, Ellerston Capital, Main Sequence, and Horizons Ventures.