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
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website prospection.com
- Social LinkedIn X Facebook
- Total Equity Funding$51.74M (USD)
in 2 rounds
- Latest Funding Round$45M (USD), Series B
Sep 2021
- InvestorsCSIRO
& 3 more
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 $51.74M
- Total Rounds 2
- Last Round Series B — $45M
- First Round $6.74M
(Feb 2020)
- Investors Count 4
All 2 funding rounds of Prospection with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2021 | $45M | Series B | – | Ellerston Capital | |
| Feb 2020 | $6.74M | Series A | – | Main Sequence, Horizons Ventures | – |
4 investors in total: 4 institutional.
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 |
|---|---|---|---|---|
Venture capital investments are made in deep tech founders. | – | mseq.vc | Eveleigh, Australia | |
Horizons Ventures is focused on investing in deep science and technology. | – | horizonsventures.com | Hong Kong, China | |
Diversified investment management services are provided by Ellerston Capital. | 2002 | ellerstoncapital.com | Sydney, Australia | |
Scientific research and technological solutions are provided across disciplines. | 1926 | csiro.au | United States |
Investor details for Prospection
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Prospection
19 people are tracked at Prospection (7 in leadership, 12 in team).
| Name | Role | Group |
|---|---|---|
Peter Cronin | Co-Founder | Leadership |
Eric Chung | Co-Founder & CEO | Leadership |
Daniel West | CEO | Leadership |
Ricky Chen | CTO & Head of Engineering | Leadership |
Jeremy Casorso | Head Of Analytics - ANZ | Leadership |
Vishal Kapoor | General Manager, Japan And Analytics | Leadership |
Karthik Margabandu | Head Of ANZ | Leadership |
Stefan Valko | Software Engineer | Team |
Alister Kwok | Product Manager | Team |
Hang Y. | Analytics Consultant | Team |
Yinxia PEI | Business Analyst | Team |
Michael Jansen | Senior DevOps & Infrastructure Engineer | Team |
Yadab Raj Ojha | Fullstack Senior Software Engineer | Team |
Chuan Yang | Data Archiect | Team |
Tung Tran | Senior Software Developer | Team |
Nick Marko | GPT Lead/senior Software Engineer | Team |
Nicholas Berezovsky | Financial Controller | Team |
Marjorie Carpo Tang | Product Manager | Team |
Deven Billimoria | Advisor And Investor | Team |
Complete people profiles for Prospection
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of Prospection
3 dated milestones of Prospection across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Prospection is founded.
- Funding First funding round of $6.7M.
- Funding Latest funding round, Series B, of $45.0M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| definitivehc.com | 2008 | Natick, United States | $4.31M | 575 | Offers market intelligence and data analytics for healthcare providers and physicians | |
| imshealth.com | 1954 | Danbury, United States | – | 17,574 | SaaS and AI-based market intelligence is provided for healthcare companies. | |
| axtria.com | 2009 | Berkeley Heights, United States | $198.74M | 749 | Data analytics and AI solutions are provided for life sciences. | |
| doceree.com | 2018 | Short Hills, United States | $64.81M | 146 | Provider of pharmaceutical advertising and healthcare marketing platform | |
| mdisrupt.com | 2019 | San Jose, United States | $10M | – | Software is provided for analyzing and scoring medical diligence. | |
| youplus.com | 2014 | New York, United States | $150,000 | – | AI-driven customer behavioral insights from web data are provided. | |
| lymbyc.com | 2012 | Bengaluru, India | – | 66,188 | Predictive analytics are delivered for pharma and consumer technology sectors. | |
| thrivable.app | 2005 | Bedford Heights, United States | $1.7M | 15 | Medical market research is delivered online to healthcare providers. | |
| exactcost.com | 1999 | Hallandale Beach, United States | $10.5M | – | Healthcare performance and management solutions are provided to organizations. |
Detailed competitors of Prospection
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- Full competitor set
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Web traffic of Prospection
The website of Prospection (prospection.com) receives about 3K visits a month.
- Monthly visits3K
▼ 11.3% vs previous month
Latest news on Prospection
Complete news archive for Prospection
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Prospection
10 companies that operate in the same segment as Prospection (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 713.57 M | – | – | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 233 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | – | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | – | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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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 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.