In the recent past, we are witnessing numerous online expert network platforms popping up across the globe. In general, the expert network platform is a marketplace where you can hire subject-matter experts for one-on-one consultations on many topics. Based out of London, proSapient is one such platform.
Founded by Jordan Shlosberg, and Margo Polishchuk in 2017, proSapient is a primary research platform helping investors and consultants gather the data they need to make those big decisions.
Raised £7.3 million funding
Recently, the company has raised $10 million (approx £7.3 million) Series A investment led by Smedvig Capital, with Guy Hands and existing investors 24 Haymarket also participating in the round.
The funding will be used for international expansion and support the roll-out of their workflow SaaS platform. Notably, the company has recently appointed Mike Wroe, former group CFO of Just Eat plc, as Chairman.
Revenue up over 100% YoY
Through the platform, customers can interact with millions of executives around the globe and gather their knowledge through conference calls and surveys. Furthermore, they have continued to grow rapidly in 2020 despite the slowdown in market activity earlier in the year and are currently servicing over 100 clients across Europe and the USA, with revenue up over 100% year on year.
Margo Polishchuk, Co-Founder of proSapient, commented: “Securing backing from an institutional investor like Smedvig Capital and the founder of one of Europe’s prominent private equity firms is a resounding validation of the unique offering proSapient provides its customers. This funding round will facilitate our strategic objective of being a leading primary research platform for the private equity and consulting sectors.”
Rob Toms, Managing Director at Smedvig Capital, commented: “We’re excited to be working with Margo and Jordan to continue their impressive growth and international expansion. They have a great team, a strong market position, and a clear vision of where the business is going. This combined with its continuous innovation and customer-centric approach makes it easy to understand why proSapient is such a popular solution for its customers. We are looking forward to working closely together to build the next generation of an expert network.”
Jordan Shlosberg, Co-Founder of proSapient, commented: “We created proSapient to address the need of investors and consultants to access high-quality experts and primary research. The platform has developed into a single point of primary research that is easy to use and allows our clients to quickly access the best research, whilst managing diligence projects and collaborating with colleagues. We are delighted to welcome Smedvig and Guy Hands as investors and to appoint Mike Wroe as Chairman.”
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