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ProspX Finds $8M

Austin-based ProspX, the developer of software-as-a-service for the commercial insurance industry, said today that it has raised $8M in a Series B funding round. The round was led by Adams Capital Management, and also included prior investor HPI Real Estate Services Investments. ProspX said the funding brings its total raised to $14.5M. ProspX develops software-as-a-service used to manage sales at commercial insurance firms. The firm is headed by Todd Young. More information »