Software maker Prospx raises portion of $1M financing

Oct 13, 2014
Austin Business Journal

ProspX Inc., an Austin software maker, reported raising $250,000 of a planned $1 million financing


The company collected the capital from a lone investor, according to a Friday filing with the U.S. Securities and Exchange Commission


ProspX, founded in 2005, develops software designed to enable commercial insurance agents, brokers and carriers to communicate. The company, which employed 59 workers in 2011, operates in Austin, Chicago and the Ukraine


In March, ProspX reported raising $1.8 million of a planned $2.3 million financing from 21 investors. In January, it completed a $1.2 million round of debt funding from 10 investors, SEC filings indicate


A funding round in 2011 included investors such as Pittsburgh-based Adams Capital Management and Austin-based HPI Real Estate Services and Investments Inc


Last year, ProspX hired former American International Group Inc. executive Steve Gold as CEO



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