ProsperWorks raises $24M

What does ProsperWorks do?

ProsperWorks, is a cross platform customer relationship management service. It offers customer relationship management solutions for organizations which use Google applications. This is easy to use, simple to install and most powerful CRM solutions for companies which use Google Apps. Customers who use this service spend a fraction of their time updating their CRM yet get more accurate and up to date consumer data for forecasting, activity tracking and insights which aid companies in selling faster and more.

How much ProsperWorks was funded?

The company raised $24M in Series B on September 27, 2016 from Devoteam,  True Ventures, Industry Ventures, Next World Capital and Storm Ventures.

Previous funding

$2.5M on May 1, 2013 from Chris Sundberg, Shernaz Daver, Columbus Nova Technology Partners,  Jim Cheng,  Brad Jones, Don Hutchison, Satya Patel, CrunchFund, Tom Cole, Vish Makhijani,  William Mitchell, Tim Stevens, Bloomberg Beta and  Andy Rankin.

$7.5M in Series A on March 31, 2015 from True Ventures and Bloomberg Beta

What is next for ProsperWorks?

ProsperWorks’s latest funding comes at a time for enterprise companies which lay on top of Google’s productivity sale. It plans on using the latest funding for investing into its technology and for growing its sales and marketing team. The company wants to make insights easily accessible to all businesses, not just the big names who can afford complex integrations and custom configurations just to get it work right. The company plans on introducing its own machine learning based features which will aid sales teams with actionable recommendations for pushing their sales efforts ahead. The company has plans of expanding it Europe. It already is seeing good development in Europe and the company plans on dedicating significant resources to this market.

More about ProsperWorks

ProsperWorks was founded in 2011 by Jon Lee,  Andrew Hu and Chris Cheng. It has its headquarters in San Francisco, CA.