ProSapient raises $10 million in Series A under the direction of Smedvig Capital to expand its expert network platform.
There was discussion about how you can leverage “experts” on the Web. How can you “suck their heads” to gain information efficiently, regardless of whether you are doing studies into specific sectors or companies that usually make investments? Some of the major players in this space are GLG, Third Bridge, GuidePoint, and Alphasights. The pandemic is destroying the majority of methods for hearing experts, such as events and conferences, and turning the entire world into a remote-working laboratory, making platforms like these more useful than before.
It’s not surprising that the leading expert network and search platform ProSapient has closed a $10 million Series A round led by Smedvig Capital. The well-known investor Guy Hands and current investor 24 Haymarket were also part of the round. The total amount that ProSapient has raised to date is $18 million. ProSapient will make use of the funds to expand its operations internationally.
ProSapient is basically a SaaS platform that manages expert networks. It is designed to gather information from consultants and investors.The platform connects experts with projects and provides transcripts. You can collect information over the phone or in person, and you can conduct customised surveys.Manage small-scale strategy projects with a small team of experts. It is possible to search, filter messages, and even collaborate with colleagues on the platform. It is currently servicing more than 100 clients throughout Europe as well as the USA Revenue is up more than 100% year over year.
Margo Polishchuk, who is the co-founder of ProSapient, ProSapient’s co-founder and CEO said in an official statement: “This funding round will help us achieve our goal to be a premier primary research platform for the consulting and private equity industries.”
Rob Toms, managing director at Smedvig Capital, commented: “We’re happy to be working together with Margo as well as Jordan to maintain their incredible expansion and growth internationally. “”They have a solid team, a solid positioning in their market and a clear idea of the direction they see their business going.
Furthermore, ProSapient recently appointed Mike Wroe, who was the former CFO of the group from Just Eat Plc, as chairman.