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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| 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 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. 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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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 |
| 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 Prospection
| 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 - Prospection
| 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 |
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. 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 |
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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| 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 Prospection
Frequently Asked Questions about Prospection
When was Prospection founded?
Prospection was founded in 2012 and raised its 1st funding round 8 years after it was founded.
Where is Prospection located?
Prospection is headquartered in Haymarket, United States. It is registered at Haymarket, Virginia, United States.
Who is the current CEO of Prospection?
Eric Chung is the current CEO of Prospection. They have also founded this company.
Is Prospection a funded 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.
What does Prospection do?
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.
Who are the top competitors of Prospection?
Prospection's top competitors include Axtria, Doceree and Definitive Healthcare.
Who are Prospection's investors?
Prospection has 4 investors. Key investors include CSIRO, Ellerston Capital, Main Sequence, and Horizons Ventures.
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